Victory Capital Management Inc. Has $8.47 Million Stock Position in Ryerson Holding Co. (NYSE:RYI)

Victory Capital Management Inc. raised its stake in Ryerson Holding Co. (NYSE:RYI) by 983.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,508 shares of the basic materials company’s stock after acquiring an additional 394,415 shares during the quarter. Victory Capital Management Inc.’s holdings in Ryerson were worth $8,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC raised its position in Ryerson by 5.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 7,491 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 355 shares during the last quarter. SummerHaven Investment Management LLC raised its position in shares of Ryerson by 3.8% during the second quarter. SummerHaven Investment Management LLC now owns 17,590 shares of the basic materials company’s stock worth $343,000 after acquiring an additional 636 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Ryerson by 7.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,553 shares of the basic materials company’s stock valued at $455,000 after acquiring an additional 977 shares during the period. Principal Financial Group Inc. boosted its holdings in Ryerson by 7.9% in the second quarter. Principal Financial Group Inc. now owns 13,623 shares of the basic materials company’s stock valued at $266,000 after acquiring an additional 1,003 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in Ryerson by 15.6% during the 4th quarter. Truist Financial Corp now owns 10,597 shares of the basic materials company’s stock worth $368,000 after purchasing an additional 1,433 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

Ryerson Stock Up 5.0 %

Shares of NYSE RYI opened at $18.94 on Monday. The company has a current ratio of 2.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $628.81 million, a PE ratio of 7.34 and a beta of 1.56. The firm’s 50-day moving average is $20.42 and its 200-day moving average is $24.53. Ryerson Holding Co. has a 1 year low of $17.57 and a 1 year high of $36.20.

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

Ryerson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.188 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.75 annualized dividend and a dividend yield of 3.97%. Ryerson’s payout ratio is currently 29.07%.

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.