State of Alaska Department of Revenue Buys 1,796 Shares of Worthington Steel, Inc. (NYSE:WS)

State of Alaska Department of Revenue grew its stake in shares of Worthington Steel, Inc. (NYSE:WS) by 10.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,841 shares of the company’s stock after acquiring an additional 1,796 shares during the period. State of Alaska Department of Revenue’s holdings in Worthington Steel were worth $674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in Worthington Steel by 51.4% in the 1st quarter. Russell Investments Group Ltd. now owns 54,603 shares of the company’s stock worth $1,958,000 after buying an additional 18,547 shares during the period. Vanguard Group Inc. boosted its holdings in Worthington Steel by 30.1% in the 1st quarter. Vanguard Group Inc. now owns 5,246,781 shares of the company’s stock valued at $188,097,000 after purchasing an additional 1,215,248 shares during the period. BNP Paribas Financial Markets bought a new position in Worthington Steel in the 1st quarter valued at $723,000. Virtu Financial LLC bought a new position in Worthington Steel in the 1st quarter valued at $694,000. Finally, WINTON GROUP Ltd boosted its holdings in Worthington Steel by 54.5% in the 2nd quarter. WINTON GROUP Ltd now owns 141,024 shares of the company’s stock valued at $4,705,000 after purchasing an additional 49,725 shares during the period. 45.41% of the stock is owned by institutional investors.

Worthington Steel Price Performance

Shares of NYSE:WS opened at $44.71 on Thursday. The firm has a fifty day moving average price of $34.60 and a two-hundred day moving average price of $33.76. Worthington Steel, Inc. has a one year low of $21.00 and a one year high of $45.42. The company has a market cap of $2.27 billion and a price-to-earnings ratio of 18.00.

Worthington Steel (NYSE:WS) last posted its quarterly earnings data 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. The firm had revenue of $834.00 million for the quarter, compared to analysts’ expectations of $748.40 million. Worthington Steel had a net margin of 3.71% and a return on equity of 12.14%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities research analysts expect that Worthington Steel, Inc. will post 2.95 EPS for the current fiscal year.

Worthington Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, December 13th. Worthington Steel’s dividend payout ratio (DPR) is currently 25.81%.

Worthington Steel Profile

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.