Victory Capital Management Inc. Raises Stake in Ryerson Holding Co. (NYSE:RYI)

Victory Capital Management Inc. raised its stake in Ryerson Holding Co. (NYSE:RYI - Free Report) by 164.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,150,498 shares of the basic materials company's stock after purchasing an additional 715,990 shares during the quarter. Victory Capital Management Inc. owned 3.61% of Ryerson worth $22,906,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RYI. Bank of Montreal Can acquired a new stake in Ryerson in the second quarter valued at about $5,372,000. American Century Companies Inc. increased its holdings in Ryerson by 14.2% in the second quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company's stock valued at $15,281,000 after buying an additional 97,556 shares in the last quarter. Vanguard Group Inc. raised its holdings in Ryerson by 3.5% during the first quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company's stock worth $79,757,000 after purchasing an additional 81,515 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Ryerson by 34.1% in the 2nd quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company's stock worth $5,433,000 after buying an additional 70,901 shares in the last quarter. Finally, Grace & White Inc. NY acquired a new stake in Ryerson in the 3rd quarter valued at about $1,185,000. Institutional investors and hedge funds own 94.81% of the company's stock.

Ryerson Price Performance

RYI traded down $1.17 during midday trading on Tuesday, reaching $23.61. 176,311 shares of the company's stock were exchanged, compared to its average volume of 310,206. Ryerson Holding Co. has a 1-year low of $17.57 and a 1-year high of $36.20. The stock has a market capitalization of $751.98 million, a PE ratio of 40.61 and a beta of 1.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06. The business's 50-day moving average price is $21.34 and its 200 day moving average price is $21.26.

Ryerson (NYSE:RYI - Get Free Report) last posted its earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.26). Ryerson had a net margin of 0.46% and a return on equity of 2.66%. The company had revenue of $1.13 billion during the quarter. During the same quarter in the prior year, the firm posted $1.00 earnings per share.

Ryerson Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 5th. Ryerson's dividend payout ratio is currently 122.95%.

Insider Buying and Selling at Ryerson

In other Ryerson news, EVP Mark S. Silver sold 9,000 shares of Ryerson stock in a transaction on Friday, November 15th. The shares were sold at an average price of $24.56, for a total value of $221,040.00. Following the transaction, the executive vice president now owns 107,664 shares in the company, valued at $2,644,227.84. This trade represents a 7.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.88% of the stock is owned by company insiders.

About Ryerson

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.