Towle & Co. Has $10.27 Million Stock Position in Ryerson Holding Co. (NYSE:RYI)

Towle & Co. lifted its position in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 3.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 554,868 shares of the basic materials company's stock after buying an additional 17,925 shares during the period. Towle & Co. owned 1.74% of Ryerson worth $10,271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new position in Ryerson during the fourth quarter worth approximately $54,000. Tower Research Capital LLC TRC grew its stake in Ryerson by 488.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the basic materials company's stock worth $68,000 after purchasing an additional 3,061 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in Ryerson in the fourth quarter worth about $196,000. US Bancorp DE boosted its holdings in shares of Ryerson by 150.8% in the 4th quarter. US Bancorp DE now owns 11,246 shares of the basic materials company's stock valued at $208,000 after buying an additional 6,762 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Ryerson by 11.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,455 shares of the basic materials company's stock valued at $305,000 after buying an additional 1,734 shares during the period. Hedge funds and other institutional investors own 94.81% of the company's stock.

Ryerson Price Performance

Shares of NYSE RYI traded down $0.24 during midday trading on Friday, reaching $20.84. The company's stock had a trading volume of 180,690 shares, compared to its average volume of 289,134. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $22.16 and a 200 day moving average price of $22.40. Ryerson Holding Co. has a one year low of $17.18 and a one year high of $27.41. The company has a market cap of $671.06 million, a price-to-earnings ratio of -80.17 and a beta of 1.64.

Ryerson (NYSE:RYI - Get Free Report) last released its earnings results on Wednesday, April 30th. The basic materials company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.05. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. On average, equities research analysts expect that Ryerson Holding Co. will post 1.2 EPS for the current year.

Ryerson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.60%. The ex-dividend date is Thursday, June 5th. Ryerson's dividend payout ratio is -340.91%.

Insiders Place Their Bets

In other Ryerson news, CEO Edward J. Lehner sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total value of $247,900.00. Following the completion of the sale, the chief executive officer now directly owns 593,228 shares of the company's stock, valued at $14,706,122.12. The trade was a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James J. Claussen sold 6,017 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $25.30, for a total transaction 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 $1,486,956.90. This represents a 9.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on RYI shares. BMO Capital Markets lifted their price target on shares of Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a report on Monday, February 24th. Wall Street Zen downgraded shares of Ryerson from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

Ryerson Company 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.