Barclays PLC Boosts Stock Position in Worthington Steel, Inc. (NYSE:WS)

Barclays PLC boosted its stake in shares of Worthington Steel, Inc. (NYSE:WS) by 317.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 50,010 shares of the company’s stock after purchasing an additional 38,043 shares during the period. Barclays PLC’s holdings in Worthington Steel were worth $1,701,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WS. Public Employees Retirement System of Ohio increased its stake in shares of Worthington Steel by 113.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,314 shares of the company’s stock valued at $453,000 after purchasing an additional 7,068 shares in the last quarter. MML Investors Services LLC purchased a new stake in Worthington Steel in the 3rd quarter worth $239,000. Jane Street Group LLC raised its position in Worthington Steel by 44.5% during the third quarter. Jane Street Group LLC now owns 68,744 shares of the company’s stock worth $2,338,000 after acquiring an additional 21,172 shares during the period. State Street Corp boosted its holdings in Worthington Steel by 2.2% in the 3rd quarter. State Street Corp now owns 1,557,031 shares of the company’s stock worth $52,955,000 after buying an additional 33,534 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Worthington Steel in the 3rd quarter valued at $213,000. 45.41% of the stock is owned by institutional investors and hedge funds.

Worthington Steel Trading Down 1.6 %

Shares of NYSE WS opened at $32.01 on Friday. The company has a 50-day moving average of $40.73 and a 200 day moving average of $36.19. Worthington Steel, Inc. has a 12-month low of $23.82 and a 12-month high of $47.19. The stock has a market cap of $1.63 billion and a PE ratio of 12.91.

Worthington Steel (NYSE:WS) last posted its 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). Worthington Steel had a net margin of 3.71% and a return on equity of 12.14%. The firm had revenue of $739.00 million during the quarter, compared to analyst estimates of $740.40 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, sell-side analysts forecast 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 given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, March 14th. Worthington Steel’s dividend payout ratio is currently 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.