Worthington Steel, Inc. (NYSE:WS) Shares Bought by De Lisle Partners LLP

De Lisle Partners LLP grew its stake in Worthington Steel, Inc. (NYSE:WS) by 1.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 49,194 shares of the company’s stock after buying an additional 900 shares during the quarter. De Lisle Partners LLP’s holdings in Worthington Steel were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its holdings in Worthington Steel by 14.4% during the third quarter. FMR LLC now owns 88,973 shares of the company’s stock worth $3,026,000 after buying an additional 11,226 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of Worthington Steel by 195.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 23,485 shares of the company’s stock worth $798,000 after acquiring an additional 15,540 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Worthington Steel by 19.2% during the 3rd 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. increased its stake in shares of Worthington Steel by 12.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 321,296 shares of the company’s stock valued at $10,927,000 after purchasing an additional 36,488 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in Worthington Steel in the 3rd quarter worth about $1,121,000. Institutional investors and hedge funds own 45.41% of the company’s stock.

Worthington Steel Trading Up 1.4 %

Shares of WS opened at $44.69 on Thursday. The firm has a market cap of $2.27 billion and a P/E ratio of 18.02. Worthington Steel, Inc. has a 12 month low of $21.00 and a 12 month high of $47.19. The stock’s 50 day moving average is $38.06 and its two-hundred day moving average is $35.08.

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

Worthington Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 1.43%. Worthington Steel’s dividend payout ratio (DPR) is currently 25.81%.

About Worthington Steel

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.