Teacher Retirement System of Texas Invests $329,000 in Ryerson Holding Co. (NYSE:RYI)

Teacher Retirement System of Texas purchased a new stake in Ryerson Holding Co. (NYSE:RYI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,748 shares of the basic materials company’s stock, valued at approximately $329,000. Teacher Retirement System of Texas owned 0.06% of Ryerson at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RYI. Barclays PLC lifted its stake in Ryerson by 167.0% during the third quarter. Barclays PLC now owns 55,330 shares of the basic materials company’s stock worth $1,101,000 after purchasing an additional 34,604 shares during the last quarter. State Street Corp raised its holdings in shares of Ryerson by 3.2% during the 3rd quarter. State Street Corp now owns 1,411,397 shares of the basic materials company’s stock worth $28,101,000 after buying an additional 43,780 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ryerson by 31.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock worth $16,874,000 after buying an additional 203,314 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Ryerson by 5.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company’s stock valued at $22,502,000 after buying an additional 65,181 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Ryerson in the fourth quarter valued at about $339,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Insider Activity at Ryerson

In other Ryerson news, CFO James J. Claussen sold 6,017 shares of Ryerson stock in a transaction on Monday, February 24th. The shares were sold at an average price of $25.30, for a total value of $152,230.10. Following the completion of the sale, the chief financial officer now directly owns 58,773 shares of the company’s stock, valued at approximately $1,486,956.90. The trade was a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edward J. Lehner sold 10,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $24.79, for a total transaction of $247,900.00. Following the transaction, the chief executive officer now directly owns 593,228 shares in the company, valued at $14,706,122.12. This trade represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. 3.95% of the stock is owned by corporate insiders.

Ryerson Price Performance

Shares of RYI opened at $22.65 on Wednesday. The business has a 50-day moving average of $23.18 and a 200-day moving average of $22.13. 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 company has a market capitalization of $721.27 million, a price-to-earnings ratio of -87.10 and a beta of 1.53. Ryerson Holding Co. has a 1 year low of $17.18 and a 1 year high of $34.65.

Ryerson (NYSE:RYI) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.34. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. As a group, equities research analysts anticipate that Ryerson Holding Co. will post 1.2 earnings per share for the current year.

Ryerson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Thursday, March 6th. Ryerson’s dividend payout ratio is -288.46%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets upped their price target on shares of Ryerson from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, February 24th.

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.