American Century Companies Inc. Acquires 1,877 Shares of Worthington Steel, Inc. (NYSE:WS)

American Century Companies Inc. grew its position in shares of Worthington Steel, Inc. (NYSE:WS) by 8.7% during the second quarter, Holdings Channel.com reports. The fund owned 23,555 shares of the company’s stock after purchasing an additional 1,877 shares during the quarter. American Century Companies Inc.’s holdings in Worthington Steel were worth $786,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WS. Norges Bank purchased a new position in Worthington Steel during the 4th quarter worth $9,313,000. TFO Wealth Partners LLC purchased a new position in Worthington Steel during the 4th quarter worth $50,000. Bartlett & CO. Wealth Management LLC purchased a new position in Worthington Steel during the 4th quarter worth $30,000. EP Wealth Advisors LLC purchased a new position in Worthington Steel during the 4th quarter worth $436,000. Finally, Wellington Management Group LLP purchased a new position in Worthington Steel during the 4th quarter worth $2,113,000. 45.41% of the stock is owned by hedge funds and other institutional investors.

Worthington Steel Price Performance

WS opened at $33.73 on Wednesday. The company has a market capitalization of $1.70 billion and a price-to-earnings ratio of 12.17. The firm’s fifty day moving average price is $34.32 and its two-hundred day moving average price is $33.53. Worthington Steel, Inc. has a 1 year low of $21.00 and a 1 year high of $41.01.

Worthington Steel (NYSE:WS) last issued its quarterly earnings results on Wednesday, September 25th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $834.00 million for the quarter, compared to the consensus estimate of $748.40 million. Worthington Steel had a net margin of 3.71% and a return on equity of 12.14%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, equities analysts anticipate that Worthington Steel, Inc. will post 2.95 EPS for the current year.

Worthington Steel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, December 13th.

About Worthington Steel

Worthington Steel, Inc operates as a steel processor in North America. It offers carbon flat-rolled steel and tailor welded blanks, as well as electrical steel laminations; and aluminum tailor welded blanks. The company serves various end-markets, including automotive, heavy truck, agriculture, construction, and energy.