Louisiana State Employees Retirement System Acquires 1,300 Shares of Worthington Steel, Inc. (NYSE:WS)

Louisiana State Employees Retirement System increased its position in Worthington Steel, Inc. (NYSE:WS) by 8.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,800 shares of the company’s stock after purchasing an additional 1,300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Worthington Steel were worth $571,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WS. CWM LLC grew its stake in shares of Worthington Steel by 845.4% in the 2nd quarter. CWM LLC now owns 1,021 shares of the company’s stock valued at $34,000 after buying an additional 913 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Worthington Steel during the 1st quarter worth approximately $37,000. GAMMA Investing LLC raised its holdings in shares of Worthington Steel by 153.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,255 shares of the company’s stock worth $43,000 after purchasing an additional 759 shares during the period. nVerses Capital LLC bought a new stake in shares of Worthington Steel in the 3rd quarter worth approximately $71,000. Finally, Eastern Bank bought a new stake in shares of Worthington Steel in the 3rd quarter worth approximately $99,000. 45.41% of the stock is currently owned by institutional investors and hedge funds.

Worthington Steel Price Performance

NYSE:WS opened at $39.37 on Wednesday. The company has a market cap of $2.00 billion and a P/E ratio of 15.88. Worthington Steel, Inc. has a 1 year low of $21.00 and a 1 year high of $41.01. The stock’s fifty day moving average price is $34.49 and its two-hundred day moving average price is $33.71.

Worthington Steel (NYSE:WS) last posted its earnings results on Wednesday, September 25th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The business 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 firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.63%. Worthington Steel’s dividend payout ratio (DPR) is presently 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.