EP Wealth Advisors LLC Reduces Holdings in Worthington Steel, Inc. (NYSE:WS)

EP Wealth Advisors LLC reduced its position in Worthington Steel, Inc. (NYSE:WS) by 7.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,294 shares of the company’s stock after selling 1,228 shares during the period. EP Wealth Advisors LLC’s holdings in Worthington Steel were worth $477,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in 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 buying an additional 17,783 shares in the last quarter. Norges Bank bought a new position in Worthington Steel during the 4th quarter worth approximately $9,313,000. Bank of New York Mellon Corp grew its position in shares of Worthington Steel by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 267,935 shares of the company’s stock worth $8,938,000 after acquiring an additional 6,433 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Worthington Steel by 140.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 244,118 shares of the company’s stock valued at $8,752,000 after acquiring an additional 142,780 shares during the last quarter. 45.41% of the stock is currently owned by institutional investors and hedge funds.

Worthington Steel Price Performance

WS stock opened at $32.34 on Friday. The firm has a market cap of $1.63 billion and a price-to-earnings ratio of 11.77. Worthington Steel, Inc. has a 1-year low of $21.00 and a 1-year high of $41.01. The firm has a fifty day moving average price of $34.26 and a two-hundred day moving average price of $33.53.

Worthington Steel (NYSE:WS) last announced its quarterly 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. The business had revenue of $834.00 million for the quarter, compared to the consensus estimate of $748.40 million. Worthington Steel had a return on equity of 12.14% and a net margin of 3.71%. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. As a group, analysts expect that Worthington Steel, Inc. will post 2.95 EPS for the current fiscal year.

Worthington Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.16 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 1.98%.

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.