Wedge Capital Management L L P NC Sells 358 Shares of Worthington Steel, Inc. (NYSE:WS)

Wedge Capital Management L L P NC decreased its stake in Worthington Steel, Inc. (NYSE:WS) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,786 shares of the company’s stock after selling 358 shares during the period. Wedge Capital Management L L P NC’s holdings in Worthington Steel were worth $1,298,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in WS. GAMMA Investing LLC lifted its position in shares of Worthington Steel by 153.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,255 shares of the company’s stock valued at $43,000 after buying an additional 759 shares during the last quarter. nVerses Capital LLC bought a new stake in Worthington Steel in the 3rd quarter valued at about $71,000. Eastern Bank purchased a new stake in Worthington Steel during the third quarter valued at about $99,000. Victory Capital Management Inc. bought a new position in Worthington Steel during the second quarter worth about $208,000. Finally, Quadrature Capital Ltd bought a new position in Worthington Steel during the third quarter worth about $213,000. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Stock Up 0.5 %

NYSE WS opened at $30.33 on Tuesday. The firm has a market cap of $1.54 billion and a P/E ratio of 10.64. The company’s 50 day moving average is $37.89 and its 200-day moving average is $36.17. Worthington Steel, Inc. has a 12-month low of $27.28 and a 12-month high of $47.19.

Worthington Steel (NYSE:WS) last released its quarterly earnings data on Wednesday, December 18th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 4.36% and a return on equity of 12.59%. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Equities analysts expect that Worthington Steel, Inc. will post 2.95 EPS for the current year.

Worthington Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.11%. Worthington Steel’s payout ratio is 22.46%.

Worthington Steel 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.