Worthington Steel, Inc. (NYSE:WS) Shares Acquired by Fmr LLC

Fmr LLC boosted its holdings in Worthington Steel, Inc. (NYSE:WS) by 14.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,973 shares of the company’s stock after acquiring an additional 11,226 shares during the quarter. Fmr LLC’s holdings in Worthington Steel were worth $3,026,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WS. Dynamic Technology Lab Private Ltd increased its stake in Worthington Steel by 195.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 23,485 shares of the company’s stock valued at $798,000 after buying an additional 15,540 shares during the period. Fisher Asset Management LLC increased its stake in shares of Worthington Steel by 19.2% during the third quarter. Fisher Asset Management LLC now owns 46,790 shares of the company’s stock valued at $1,591,000 after acquiring an additional 7,535 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Worthington Steel by 12.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 321,296 shares of the company’s stock worth $10,927,000 after purchasing an additional 36,488 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Worthington Steel in the third quarter worth approximately $1,121,000. Finally, PNC Financial Services Group Inc. lifted its position in Worthington Steel by 1.3% in the third quarter. PNC Financial Services Group Inc. now owns 28,304 shares of the company’s stock worth $963,000 after purchasing an additional 350 shares during the period. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Stock Performance

Shares of WS stock opened at $42.12 on Friday. Worthington Steel, Inc. has a 1 year low of $23.82 and a 1 year high of $47.19. The business’s fifty day moving average is $40.62 and its 200-day moving average is $36.05. The stock has a market cap of $2.14 billion and a PE ratio of 16.98.

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, topping analysts’ consensus estimates of $0.55 by $0.01. Worthington Steel had a return on equity of 12.14% and a net margin of 3.71%. The firm had revenue of $834.00 million for the quarter, compared to analyst estimates of $748.40 million. Worthington Steel’s revenue was down 7.9% on a year-over-year basis. Equities research analysts predict that Worthington Steel, Inc. will post 2.95 earnings per share for the current year.

Worthington Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.16 dividend. 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 1.52%. Worthington Steel’s payout ratio is currently 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.