Worthington Steel, Inc. (NYSE:WS) Stock Position Raised by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in shares of Worthington Steel, Inc. (NYSE:WS) by 44.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,590 shares of the company’s stock after acquiring an additional 6,976 shares during the quarter. Natixis Advisors LLC’s holdings in Worthington Steel were worth $768,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Royce & Associates LP boosted its stake in shares of Worthington Steel by 12.4% during the 3rd quarter. Royce & Associates LP now owns 33,711 shares of the company’s stock worth $1,147,000 after acquiring an additional 3,711 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Worthington Steel by 36.8% in the third quarter. Victory Capital Management Inc. now owns 8,523 shares of the company’s stock valued at $290,000 after purchasing an additional 2,291 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Worthington Steel by 7.9% in the third quarter. Principal Financial Group Inc. now owns 163,757 shares of the company’s stock valued at $5,569,000 after purchasing an additional 11,976 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Worthington Steel by 8.9% in the third quarter. Amalgamated Bank now owns 10,173 shares of the company’s stock valued at $346,000 after purchasing an additional 830 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Worthington Steel by 0.5% in the third quarter. New York State Teachers Retirement System now owns 64,487 shares of the company’s stock valued at $2,193,000 after purchasing an additional 305 shares in the last quarter. 45.41% of the stock is owned by institutional investors.

Worthington Steel Stock Up 1.4 %

WS opened at $44.69 on Thursday. The stock has a fifty day moving average of $38.06 and a 200-day moving average of $35.08. The firm has a market capitalization of $2.27 billion and a P/E ratio of 18.02. Worthington Steel, Inc. has a 12-month low of $21.00 and a 12-month high of $47.19.

Worthington Steel (NYSE:WS) last released its earnings results on Wednesday, September 25th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $834.00 million during the quarter, compared to analyst estimates of $748.40 million. Worthington Steel had a return on equity of 12.14% and a net margin of 3.71%. The company’s revenue was down 7.9% compared to the same quarter last year. On average, analysts expect that Worthington Steel, Inc. will post 2.95 earnings per share 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 issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.43%. 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.