Grace & White Inc. NY Purchases New Shares in Ryerson Holding Co. (NYSE:RYI)

Grace & White Inc. NY purchased a new stake in Ryerson Holding Co. (NYSE:RYI) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 59,500 shares of the basic materials company’s stock, valued at approximately $1,185,000. Grace & White Inc. NY owned approximately 0.17% of Ryerson as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of RYI. Victory Capital Management Inc. grew 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 valued at $8,473,000 after acquiring an additional 394,415 shares in the last quarter. Bank of Montreal Can acquired a new stake in Ryerson during the second quarter worth about $5,372,000. MMCAP International Inc. SPC grew its stake in Ryerson by 2,316.4% during the first quarter. MMCAP International Inc. SPC now owns 193,313 shares of the basic materials company’s stock worth $6,476,000 after buying an additional 185,313 shares in the last quarter. American Century Companies Inc. grew its stake in Ryerson by 14.2% during the second quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company’s stock worth $15,281,000 after buying an additional 97,556 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake 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 buying an additional 81,515 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ryerson Trading Down 0.6 %

Shares of Ryerson stock opened at $21.57 on Tuesday. The company has a market capitalization of $716.12 million, a price-to-earnings ratio of 11.92 and a beta of 1.56. The company has a quick ratio of 1.11, a current ratio of 2.38 and a debt-to-equity ratio of 0.59. Ryerson Holding Co. has a 12-month low of $17.57 and a 12-month high of $36.20. The firm’s 50-day moving average price is $19.66 and its two-hundred day moving average price is $22.39.

Ryerson (NYSE:RYI) last announced its quarterly earnings data 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 quarter in the previous year, the company earned $1.06 earnings per share.

Ryerson Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.49%. Ryerson’s dividend payout ratio (DPR) is currently 41.44%.

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.