Jackson Creek Investment Advisors LLC Invests $1.44 Million in Worthington Steel, Inc. (NYSE:WS)

Jackson Creek Investment Advisors LLC bought a new position in shares of Worthington Steel, Inc. (NYSE:WS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 45,377 shares of the company’s stock, valued at approximately $1,444,000. Jackson Creek Investment Advisors LLC owned 0.09% of Worthington Steel as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. New York State Teachers Retirement System increased its position in Worthington Steel by 0.5% during the 3rd quarter. New York State Teachers Retirement System now owns 64,487 shares of the company’s stock worth $2,193,000 after buying an additional 305 shares during the period. PNC Financial Services Group Inc. increased its position in Worthington Steel by 1.3% during the third quarter. PNC Financial Services Group Inc. now owns 28,304 shares of the company’s stock worth $963,000 after acquiring an additional 350 shares during the period. Amalgamated Bank increased its position in Worthington Steel by 8.9% during the third quarter. Amalgamated Bank now owns 10,173 shares of the company’s stock worth $346,000 after acquiring an additional 830 shares during the period. Coldstream Capital Management Inc. raised its stake in Worthington Steel by 3.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 21,935 shares of the company’s stock worth $747,000 after purchasing an additional 833 shares in the last quarter. Finally, De Lisle Partners LLP boosted its holdings in Worthington Steel by 1.9% in the 3rd quarter. De Lisle Partners LLP now owns 49,194 shares of the company’s stock valued at $1,674,000 after purchasing an additional 900 shares during the period. Institutional investors and hedge funds own 45.41% of the company’s stock.

Worthington Steel Stock Performance

NYSE:WS opened at $26.14 on Friday. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 9.17 and a beta of 2.62. Worthington Steel, Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $47.19. The stock has a fifty day moving average price of $29.25 and a 200-day moving average price of $34.63.

Worthington Steel (NYSE:WS) last posted its quarterly earnings data 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 return on equity of 12.59% and a net margin of 4.36%. The firm had revenue of $739.00 million for the quarter, compared to the consensus estimate of $740.40 million. During the same period in the prior year, the company earned $0.11 EPS. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. Research analysts predict that Worthington Steel, Inc. will post 2.26 EPS for the current fiscal year.

Worthington Steel Announces Dividend

The company 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 $0.16 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.45%. Worthington Steel’s dividend payout ratio (DPR) is 22.46%.

Analyst Upgrades and Downgrades

Separately, KeyCorp lowered their target price on shares of Worthington Steel from $41.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday.

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.