Park National Corp OH Invests $410,000 in Worthington Steel, Inc. (NYSE:WS)

Park National Corp OH acquired a new stake in shares of Worthington Steel, Inc. (NYSE:WS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,876 shares of the company’s stock, valued at approximately $410,000.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Worthington Steel by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,393,483 shares of the company’s stock valued at $79,845,000 after acquiring an additional 17,783 shares in the last quarter. State Street Corp raised its position in Worthington Steel by 2.2% during the 3rd quarter. State Street Corp now owns 1,557,031 shares of the company’s stock valued at $52,955,000 after purchasing an additional 33,534 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Worthington Steel by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 771,371 shares of the company’s stock worth $26,240,000 after buying an additional 41,925 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Worthington Steel by 12.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 321,296 shares of the company’s stock worth $10,927,000 after buying an additional 36,488 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Worthington Steel by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 267,935 shares of the company’s stock valued at $8,938,000 after buying an additional 6,433 shares during the period. 45.41% of the stock is owned by hedge funds and other institutional investors.

Worthington Steel Price Performance

NYSE:WS opened at $30.25 on Thursday. Worthington Steel, Inc. has a 1-year low of $25.64 and a 1-year high of $47.19. The company has a 50-day moving average of $39.80 and a 200 day moving average of $36.25. The firm has a market cap of $1.54 billion and a PE ratio of 12.20.

Worthington Steel (NYSE:WS) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.37). The business had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $740.40 million. Worthington Steel had a return on equity of 12.14% and a net margin of 3.71%. Worthington Steel’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. Sell-side analysts anticipate that Worthington Steel, Inc. will post 2.95 EPS for the current fiscal year.

Worthington Steel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, March 14th. This represents a $0.64 annualized dividend and a yield of 2.12%. Worthington Steel’s dividend payout ratio (DPR) is presently 22.46%.

Worthington Steel Company 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.