LSV Asset Management Has $6.58 Million Stock Holdings in Ryerson Holding Co. (NYSE:RYI)

LSV Asset Management raised its stake in shares of Ryerson Holding Co. (NYSE:RYI) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 337,377 shares of the basic materials company’s stock after buying an additional 823 shares during the period. LSV Asset Management owned about 1.02% of Ryerson worth $6,579,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RYI. Vanguard Group Inc. boosted its position 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 valued at $79,757,000 after purchasing an additional 81,515 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ryerson by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,258,261 shares of the basic materials company’s stock valued at $78,318,000 after buying an additional 79,139 shares in the last quarter. Franklin Resources Inc. increased its holdings in Ryerson by 15.0% in the fourth quarter. Franklin Resources Inc. now owns 1,262,776 shares of the basic materials company’s stock worth $43,793,000 after buying an additional 164,447 shares during the last quarter. William Blair Investment Management LLC raised its position in Ryerson by 0.8% during the first quarter. William Blair Investment Management LLC now owns 865,464 shares of the basic materials company’s stock valued at $28,993,000 after acquiring an additional 6,883 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Ryerson by 3.4% in the first quarter. Acadian Asset Management LLC now owns 675,102 shares of the basic materials company’s stock valued at $22,610,000 after acquiring an additional 22,069 shares during the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ryerson Stock Performance

Shares of RYI opened at $18.26 on Thursday. 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 company’s fifty day moving average is $20.46 and its 200-day moving average is $24.77. The firm has a market cap of $606.23 million, a price-to-earnings ratio of 7.08 and a beta of 1.57.

Ryerson (NYSE:RYI) last posted its earnings results on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13. Ryerson had a return on equity of 7.27% and a net margin of 1.31%. The company had revenue of $1.23 billion for the quarter. During the same quarter last year, the business earned $1.06 earnings per share.

Ryerson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.188 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.75 dividend on an annualized basis and a yield of 4.12%. 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.