Huntington National Bank Trims Stock Holdings in Worthington Steel, Inc. (NYSE:WS)

Huntington National Bank cut its holdings in shares of Worthington Steel, Inc. (NYSE:WS) by 20.2% during the third quarter, HoldingsChannel.com reports. The fund owned 2,969 shares of the company’s stock after selling 752 shares during the quarter. Huntington National Bank’s holdings in Worthington Steel were worth $101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Russell Investments Group Ltd. raised its stake in Worthington Steel by 51.4% during the 1st quarter. Russell Investments Group Ltd. now owns 54,603 shares of the company’s stock valued at $1,958,000 after acquiring an additional 18,547 shares during the last quarter. 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 worth $188,097,000 after purchasing an additional 1,215,248 shares during the period. BNP Paribas Financial Markets purchased a new position in Worthington Steel in the 1st quarter valued at $723,000. Virtu Financial LLC purchased a new position in Worthington Steel in the 1st quarter valued at $694,000. Finally, WINTON GROUP Ltd increased its stake in Worthington Steel by 54.5% in the 2nd quarter. WINTON GROUP Ltd now owns 141,024 shares of the company’s stock valued at $4,705,000 after buying an additional 49,725 shares during the period. 45.41% of the stock is owned by institutional investors and hedge funds.

Worthington Steel Stock Performance

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

Worthington Steel (NYSE:WS) last announced its quarterly earnings data on Wednesday, September 25th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Worthington Steel had a net margin of 3.71% and a return on equity of 12.14%. The firm had revenue of $834.00 million during the quarter, compared to the consensus estimate of $748.40 million. The business’s revenue was down 7.9% on a year-over-year basis. Equities analysts forecast that Worthington Steel, Inc. will post 2.95 earnings per share for the current fiscal year.

Worthington Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.16 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.48%. Worthington Steel’s dividend payout ratio (DPR) is presently 25.81%.

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.