Amalgamated Bank Purchases 830 Shares of Worthington Steel, Inc. (NYSE:WS)

Amalgamated Bank grew its position in shares of Worthington Steel, Inc. (NYSE:WS) by 8.9% during the third quarter, Holdings Channel reports. The fund owned 10,173 shares of the company’s stock after purchasing an additional 830 shares during the period. Amalgamated Bank’s holdings in Worthington Steel were worth $346,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Worthington Steel by 30.1% during the first 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 last quarter. Private Wealth Strategies L.L.C. purchased a new position in Worthington Steel during the second quarter valued at $6,955,000. Millennium Management LLC boosted its holdings in Worthington Steel by 135.3% in the second quarter. Millennium Management LLC now owns 189,968 shares of the company’s stock worth $6,337,000 after acquiring an additional 109,224 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in Worthington Steel by 54.5% in the second quarter. WINTON GROUP Ltd now owns 141,024 shares of the company’s stock worth $4,705,000 after acquiring an additional 49,725 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Worthington Steel in the second quarter worth $1,594,000. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Price Performance

WS opened at $43.22 on Monday. The firm has a market cap of $2.19 billion and a PE ratio of 17.43. The stock has a 50-day moving average price of $36.40 and a 200-day moving average price of $34.50. Worthington Steel, Inc. has a 1 year low of $21.00 and a 1 year high of $47.19.

Worthington Steel (NYSE:WS) last issued its earnings results on Wednesday, September 25th. The company reported $0.56 earnings per share (EPS) for the quarter, topping 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 business had revenue of $834.00 million during the quarter, compared to analysts’ expectations of $748.40 million. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Worthington Steel, Inc. will post 2.95 EPS for the current year.

Worthington Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 1.48%. Worthington Steel’s dividend payout ratio is 25.81%.

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.