Fisher Asset Management LLC Buys 3,931 Shares of Ryerson Holding Co. (NYSE:RYI)

Fisher Asset Management LLC grew its stake in Ryerson Holding Co. (NYSE:RYI) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,648 shares of the basic materials company’s stock after acquiring an additional 3,931 shares during the quarter. Fisher Asset Management LLC’s holdings in Ryerson were worth $4,392,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. SummerHaven Investment Management LLC grew its position in Ryerson by 2.1% during the 4th quarter. SummerHaven Investment Management LLC now owns 16,667 shares of the basic materials company’s stock valued at $578,000 after purchasing an additional 336 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Ryerson by 7.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 6,882 shares of the basic materials company’s stock valued at $200,000 after buying an additional 480 shares during the last quarter. Strs Ohio increased its position in shares of Ryerson by 2.8% during the fourth quarter. Strs Ohio now owns 21,700 shares of the basic materials company’s stock valued at $752,000 after acquiring an additional 600 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Ryerson by 46.5% in the 4th quarter. New York State Teachers Retirement System now owns 2,518 shares of the basic materials company’s stock worth $87,000 after acquiring an additional 799 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Ryerson during the 3rd quarter valued at $27,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. BMO Capital Markets lowered their price target on Ryerson from $33.00 to $28.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. StockNews.com downgraded shares of Ryerson from a “buy” rating to a “hold” rating in a report on Friday, May 3rd.

Insider Transactions at Ryerson

In other Ryerson news, insider Alagu Sundarrajan sold 7,407 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $32.77, for a total transaction of $242,727.39. Following the completion of the sale, the insider now owns 13,077 shares of the company’s stock, valued at $428,533.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ryerson news, insider Alagu Sundarrajan sold 7,407 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $32.77, for a total value of $242,727.39. Following the completion of the transaction, the insider now directly owns 13,077 shares in the company, valued at $428,533.29. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Michael Burbach acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $23.75 per share, for a total transaction of $95,000.00. Following the completion of the transaction, the chief operating officer now directly owns 226,263 shares in the company, valued at $5,373,746.25. The disclosure for this purchase can be found here. 3.88% of the stock is currently owned by company insiders.

Ryerson Stock Performance

RYI stock opened at $22.51 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 0.94. Ryerson Holding Co. has a 1 year low of $22.28 and a 1 year high of $44.70. The company has a market cap of $772.99 million, a P/E ratio of 8.72 and a beta of 1.69. The stock’s fifty day moving average price is $31.16 and its 200-day moving average price is $31.58.

Ryerson (NYSE:RYI) last released its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.49. Ryerson had a return on equity of 10.27% and a net margin of 1.84%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the company posted ($0.65) EPS.

Ryerson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Thursday, June 6th. Ryerson’s payout ratio is 29.07%.

Ryerson Company 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.