Venture Visionary Partners LLC Decreases Stake in Worthington Steel, Inc. (NYSE:WS)

Venture Visionary Partners LLC decreased its holdings in shares of Worthington Steel, Inc. (NYSE:WS) by 8.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 11,105 shares of the company’s stock after selling 1,000 shares during the quarter. Venture Visionary Partners LLC’s holdings in Worthington Steel were worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. CWM LLC boosted its position in Worthington Steel by 845.4% during the second quarter. CWM LLC now owns 1,021 shares of the company’s stock worth $34,000 after acquiring an additional 913 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Worthington Steel during the 1st quarter worth approximately $37,000. GAMMA Investing LLC grew its position in shares of Worthington Steel by 153.0% in the third quarter. GAMMA Investing LLC now owns 1,255 shares of the company’s stock valued at $43,000 after purchasing an additional 759 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Worthington Steel in the third quarter valued at approximately $71,000. Finally, SG Americas Securities LLC lifted its position in Worthington Steel by 42.4% during the first quarter. SG Americas Securities LLC now owns 5,111 shares of the company’s stock worth $183,000 after buying an additional 1,522 shares in the last quarter. 45.41% of the stock is currently owned by institutional investors and hedge funds.

Worthington Steel Stock Performance

NYSE WS opened at $35.09 on Wednesday. The stock’s fifty day moving average is $33.75 and its two-hundred day moving average is $33.51. The firm has a market capitalization of $1.77 billion and a P/E ratio of 14.15. Worthington Steel, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $41.01.

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

Worthington Steel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.82%. Worthington Steel’s dividend payout ratio (DPR) is 25.81%.

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.