Barclays PLC Raises Stock Holdings in Worthington Steel, Inc. (NYSE:WS)

Barclays PLC boosted its position in shares of Worthington Steel, Inc. (NYSE:WS) by 317.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 50,010 shares of the company’s stock after acquiring an additional 38,043 shares during the quarter. Barclays PLC’s holdings in Worthington Steel were worth $1,701,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Worthington Steel by 153.0% during the third quarter. GAMMA Investing LLC now owns 1,255 shares of the company’s stock worth $43,000 after purchasing an additional 759 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Worthington Steel during the 3rd quarter valued at about $71,000. Eastern Bank acquired a new position in shares of Worthington Steel in the 3rd quarter valued at about $99,000. Victory Capital Management Inc. purchased a new stake in shares of Worthington Steel in the second quarter worth about $208,000. Finally, Quadrature Capital Ltd acquired a new stake in Worthington Steel during the third quarter worth about $213,000. Hedge funds and other institutional investors own 45.41% of the company’s stock.

Worthington Steel Trading Down 2.8 %

Shares of WS stock opened at $29.36 on Friday. Worthington Steel, Inc. has a twelve month low of $26.13 and a twelve month high of $47.19. The stock has a 50 day moving average of $39.48 and a 200 day moving average of $36.23. The stock has a market cap of $1.49 billion and a P/E ratio of 11.84.

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

Worthington Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, March 14th. Worthington Steel’s payout ratio is currently 22.46%.

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.