Frazier Financial Advisors LLC Sells 1,849 Shares of Worthington Steel, Inc. (NYSE:WS)

Frazier Financial Advisors LLC reduced its position in shares of Worthington Steel, Inc. (NYSE:WS) by 28.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,615 shares of the company’s stock after selling 1,849 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Worthington Steel were worth $157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Worthington Steel by 30.1% during the first quarter. Vanguard Group Inc. now owns 5,246,781 shares of the company’s stock valued at $188,097,000 after buying an additional 1,215,248 shares during the period. Private Wealth Strategies L.L.C. bought a new stake in Worthington Steel during the second quarter valued at approximately $6,955,000. Millennium Management LLC grew its position in Worthington Steel by 135.3% during the second quarter. Millennium Management LLC now owns 189,968 shares of the company’s stock valued at $6,337,000 after buying an additional 109,224 shares during the period. WINTON GROUP Ltd grew its position in Worthington Steel by 54.5% during the second 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. Finally, Squarepoint Ops LLC bought a new stake in Worthington Steel during the second quarter valued at approximately $1,594,000. 45.41% of the stock is currently owned by institutional investors.

Worthington Steel Trading Down 0.2 %

Shares of NYSE WS opened at $43.22 on Friday. The firm has a 50 day moving average of $36.40 and a 200 day moving average of $34.47. The firm has a market capitalization of $2.19 billion and a price-to-earnings ratio of 17.43. Worthington Steel, Inc. has a 12-month low of $21.00 and a 12-month high of $47.19.

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

Worthington Steel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, December 13th. Worthington Steel’s dividend 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.