Worthington Steel, Inc. (NYSE:WS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Worthington Steel, Inc. (NYSE:WS) by 5.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 771,371 shares of the company’s stock after purchasing an additional 41,925 shares during the period. Geode Capital Management LLC’s holdings in Worthington Steel were worth $26,240,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Coldstream Capital Management Inc. grew its stake in Worthington Steel by 1.5% in the 2nd quarter. Coldstream Capital Management Inc. now owns 21,102 shares of the company’s stock valued at $704,000 after acquiring an additional 304 shares during the period. New York State Teachers Retirement System lifted its holdings in Worthington Steel by 0.5% during 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. PNC Financial Services Group Inc. grew its position in shares of Worthington Steel by 1.3% in the third quarter. PNC Financial Services Group Inc. now owns 28,304 shares of the company’s stock valued at $963,000 after purchasing an additional 350 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Worthington Steel by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the company’s stock valued at $517,000 after purchasing an additional 400 shares during the period. Finally, GAMMA Investing LLC increased its stake 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 in the last quarter. 45.41% of the stock is currently owned by hedge funds and other institutional investors.

Worthington Steel Price Performance

NYSE WS opened at $32.54 on Friday. The stock’s 50 day simple moving average is $40.79 and its 200-day simple moving average is $36.19. The company has a market cap of $1.65 billion and a PE ratio of 13.12. Worthington Steel, Inc. has a 1-year low of $23.82 and a 1-year high of $47.19.

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

Worthington Steel Announces Dividend

The company also recently announced 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. This represents a $0.64 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Friday, March 14th. Worthington Steel’s dividend payout ratio (DPR) is presently 22.46%.

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.