Jane Street Group LLC Purchases 21,172 Shares of Worthington Steel, Inc. (NYSE:WS)

Jane Street Group LLC boosted its holdings in shares of Worthington Steel, Inc. (NYSE:WS) by 44.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,744 shares of the company’s stock after buying an additional 21,172 shares during the quarter. Jane Street Group LLC’s holdings in Worthington Steel were worth $2,338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WS. State Street Corp increased its holdings in shares of Worthington Steel by 2.2% during the 3rd quarter. State Street Corp now owns 1,557,031 shares of the company’s stock worth $52,955,000 after acquiring an additional 33,534 shares during the last quarter. Quadrature Capital Ltd bought a new position in Worthington Steel in the 3rd quarter valued at about $213,000. Point72 Asset Management L.P. acquired a new stake in Worthington Steel during the third quarter worth approximately $822,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Worthington Steel by 35.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 263,087 shares of the company’s stock worth $8,948,000 after acquiring an additional 68,792 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Worthington Steel by 546.5% in the 3rd quarter. Janus Henderson Group PLC now owns 93,480 shares of the company’s stock valued at $3,179,000 after purchasing an additional 79,021 shares during the period. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Price Performance

Shares of NYSE WS opened at $34.10 on Monday. Worthington Steel, Inc. has a one year low of $23.82 and a one year high of $47.19. The firm has a market cap of $1.73 billion and a price-to-earnings ratio of 13.75. The stock’s fifty day moving average price is $40.96 and its two-hundred day moving average price is $36.20.

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

Worthington Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a yield of 1.88%. Worthington Steel’s payout ratio is 22.46%.

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.