American Century Companies Inc. Raises Holdings in Ryerson Holding Co. (NYSE:RYI)

American Century Companies Inc. increased its position in Ryerson Holding Co. (NYSE:RYI) by 14.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 783,631 shares of the basic materials company’s stock after acquiring an additional 97,556 shares during the quarter. American Century Companies Inc. owned about 2.28% of Ryerson worth $15,281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RYI. Victory Capital Management Inc. increased its stake in shares of Ryerson by 983.8% in the second quarter. Victory Capital Management Inc. now owns 434,508 shares of the basic materials company’s stock worth $8,473,000 after purchasing an additional 394,415 shares in the last quarter. MMCAP International Inc. SPC raised its holdings in Ryerson by 2,316.4% during the 1st quarter. MMCAP International Inc. SPC now owns 193,313 shares of the basic materials company’s stock valued at $6,476,000 after acquiring an additional 185,313 shares during the period. Franklin Resources Inc. raised its holdings in Ryerson by 15.0% during the 4th quarter. Franklin Resources Inc. now owns 1,262,776 shares of the basic materials company’s stock valued at $43,793,000 after acquiring an additional 164,447 shares during the period. CastleKnight Management LP bought a new position in shares of Ryerson in the fourth quarter worth $3,087,000. Finally, Vanguard Group Inc. grew its position in shares of Ryerson by 3.5% in the first quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company’s stock valued at $79,757,000 after purchasing an additional 81,515 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors.

Ryerson Stock Performance

NYSE:RYI opened at $19.75 on Friday. Ryerson Holding Co. has a 52-week low of $17.57 and a 52-week high of $36.20. The business’s fifty day moving average is $20.42 and its 200 day moving average is $24.21. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 2.38. The firm has a market cap of $655.70 million, a price-to-earnings ratio of 7.66 and a beta of 1.56.

Ryerson (NYSE:RYI) last announced its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The firm had revenue of $1.23 billion for the quarter. Ryerson had a net margin of 1.31% and a return on equity of 7.27%. During the same period in the previous year, the company posted $1.06 earnings per share.

Ryerson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $0.188 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.75 annualized dividend and a dividend yield of 3.81%. Ryerson’s payout ratio is currently 29.07%.

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.