New York State Teachers Retirement System Boosts Stock Holdings in Ryerson Holding Co. (NYSE:RYI)

New York State Teachers Retirement System grew its position in shares of Ryerson Holding Co. (NYSE:RYI) by 46.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,518 shares of the basic materials company’s stock after buying an additional 799 shares during the quarter. New York State Teachers Retirement System’s holdings in Ryerson were worth $87,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Denali Advisors LLC grew its holdings in shares of Ryerson by 43.9% during the fourth quarter. Denali Advisors LLC now owns 144,035 shares of the basic materials company’s stock valued at $4,995,000 after buying an additional 43,919 shares during the last quarter. Diversified Trust Co bought a new position in Ryerson during the fourth quarter valued at approximately $328,000. Public Employees Retirement System of Ohio lifted its position in Ryerson by 44.2% during the third quarter. Public Employees Retirement System of Ohio now owns 37,649 shares of the basic materials company’s stock valued at $1,095,000 after purchasing an additional 11,539 shares during the period. Vanguard Group Inc. lifted its position in Ryerson by 28.6% during the third quarter. Vanguard Group Inc. now owns 2,233,108 shares of the basic materials company’s stock valued at $64,961,000 after purchasing an additional 496,913 shares during the period. Finally, American Century Companies Inc. lifted its position in Ryerson by 19.4% during the third quarter. American Century Companies Inc. now owns 450,532 shares of the basic materials company’s stock valued at $13,106,000 after purchasing an additional 73,136 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ryerson Stock Up 0.4 %

Shares of Ryerson stock opened at $31.98 on Friday. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 7.86 and a beta of 1.65. The company’s 50 day moving average is $32.61 and its 200 day moving average is $31.57. Ryerson Holding Co. has a twelve month low of $26.15 and a twelve month high of $44.70. The company has a quick ratio of 0.95, a current ratio of 2.18 and a debt-to-equity ratio of 0.47.

Ryerson (NYSE:RYI) last issued its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.49. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Ryerson had a net margin of 2.85% and a return on equity of 16.33%. During the same quarter in the prior year, the firm earned ($0.65) earnings per share.

Ryerson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $0.188 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This is an increase from Ryerson’s previous quarterly dividend of $0.18. This represents a $0.75 annualized dividend and a yield of 2.35%. Ryerson’s dividend payout ratio (DPR) is presently 18.43%.

Insiders Place Their Bets

In other Ryerson news, insider Alagu Sundarrajan sold 2,593 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $32.52, for a total value of $84,324.36. Following the transaction, the insider now directly owns 10,484 shares in the company, valued at $340,939.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.88% of the company’s stock.

Ryerson Profile

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.