Towle & Co. Boosts Stock Holdings in Ryerson Holding Co. (NYSE:RYI)

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

Other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Ryerson by 11.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,455 shares of the basic materials company's stock worth $305,000 after acquiring an additional 1,734 shares in the last quarter. Barclays PLC increased its holdings in shares of Ryerson by 3.5% in the fourth quarter. Barclays PLC now owns 57,280 shares of the basic materials company's stock worth $1,061,000 after purchasing an additional 1,950 shares during the period. Mutual Advisors LLC increased its holdings in shares of Ryerson by 5.0% in the fourth quarter. Mutual Advisors LLC now owns 44,865 shares of the basic materials company's stock worth $830,000 after purchasing an additional 2,140 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Ryerson by 9.4% in the fourth quarter. Hantz Financial Services Inc. now owns 30,067 shares of the basic materials company's stock worth $557,000 after purchasing an additional 2,590 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Ryerson by 19.5% in the fourth quarter. Wells Fargo & Company MN now owns 16,821 shares of the basic materials company's stock worth $311,000 after purchasing an additional 2,749 shares during the period. Hedge funds and other institutional investors own 94.81% of the company's stock.

Ryerson Stock Up 1.7%

Shares of NYSE:RYI opened at $21.81 on Monday. The stock's 50-day moving average price is $22.33 and its 200-day moving average price is $22.42. Ryerson Holding Co. has a 12-month low of $17.18 and a 12-month high of $27.41. The stock has a market capitalization of $702.19 million, a P/E ratio of -83.88 and a beta of 1.64. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.

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

Ryerson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.44%. Ryerson's dividend payout ratio is currently -340.91%.

Wall Street Analyst Weigh In

A number of research firms recently commented on RYI. StockNews.com cut Ryerson from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. BMO Capital Markets increased their target price on Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a research note on Monday, February 24th.

Insider Transactions at Ryerson

In other news, CFO James J. Claussen sold 6,017 shares of the stock in a transaction dated Monday, February 24th. The shares were 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 in the company, valued at approximately $1,486,956.90. This represents a 9.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edward J. Lehner sold 10,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $24.79, for a total transaction of $247,900.00. Following the sale, the chief executive officer now owns 593,228 shares of the company's stock, valued at approximately $14,706,122.12. This represents a 1.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.95% of the stock is currently owned by company insiders.

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.

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