WINTON GROUP Ltd Reduces Stake in Worthington Steel, Inc. (NYSE:WS)

WINTON GROUP Ltd lessened its position in shares of Worthington Steel, Inc. (NYSE:WS) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 155,741 shares of the company’s stock after selling 1,459 shares during the quarter. WINTON GROUP Ltd’s holdings in Worthington Steel were worth $4,956,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WS. Vanguard Group Inc. grew its stake in shares of Worthington Steel by 14.0% in the fourth quarter. Vanguard Group Inc. now owns 4,467,428 shares of the company’s stock worth $142,154,000 after acquiring an additional 550,181 shares in the last quarter. LPL Financial LLC boosted its stake in Worthington Steel by 6.9% in the fourth quarter. LPL Financial LLC now owns 16,632 shares of the company’s stock valued at $529,000 after acquiring an additional 1,078 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Worthington Steel during the 4th quarter worth approximately $220,000. American Century Companies Inc. increased its holdings in shares of Worthington Steel by 4.6% in the 4th quarter. American Century Companies Inc. now owns 25,248 shares of the company’s stock valued at $803,000 after acquiring an additional 1,104 shares during the period. Finally, Swiss National Bank increased its stake in Worthington Steel by 2.9% in the fourth quarter. Swiss National Bank now owns 64,400 shares of the company’s stock valued at $2,049,000 after purchasing an additional 1,800 shares during the period. Hedge funds and other institutional investors own 45.41% of the company’s stock.

Worthington Steel Stock Performance

WS stock opened at $26.06 on Thursday. The firm has a market cap of $1.32 billion, a P/E ratio of 9.14 and a beta of 2.62. The stock’s 50 day moving average price is $28.02 and its 200 day moving average price is $33.91. Worthington Steel, Inc. has a 1 year low of $24.22 and a 1 year high of $47.19.

Worthington Steel (NYSE:WS) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.32). Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. The company had revenue of $687.40 million for the quarter, compared to analysts’ expectations of $732.00 million. During the same quarter in the previous year, the company earned $0.99 earnings per share. The company’s revenue was down 14.7% on a year-over-year basis. On average, research analysts predict that Worthington Steel, Inc. will post 2.26 earnings per share for the current year.

Worthington Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, June 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.46%. Worthington Steel’s payout ratio is currently 29.91%.

Analyst Ratings Changes

Separately, KeyCorp reduced their target price on shares of Worthington Steel from $41.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, March 7th.

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.