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

De Lisle Partners LLP grew its stake in shares of Worthington Steel, Inc. (NYSE:WS) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,194 shares of the company’s stock after acquiring an additional 900 shares during the quarter. De Lisle Partners LLP owned about 0.10% of Worthington Steel worth $1,674,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WS. Coldstream Capital Management Inc. increased its stake in Worthington Steel by 1.5% during the 2nd quarter. Coldstream Capital Management Inc. now owns 21,102 shares of the company’s stock valued at $704,000 after purchasing an additional 304 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Worthington Steel by 0.5% during the third quarter. New York State Teachers Retirement System now owns 64,487 shares of the company’s stock valued at $2,193,000 after buying an additional 305 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Worthington Steel by 1.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 28,304 shares of the company’s stock valued at $963,000 after acquiring an additional 350 shares during the period. Louisiana State Employees Retirement System raised its stake in Worthington Steel by 2.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the company’s stock worth $517,000 after acquiring an additional 400 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Worthington Steel by 153.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,255 shares of the company’s stock worth $43,000 after acquiring an additional 759 shares during the period. 45.41% of the stock is owned by hedge funds and other institutional investors.

Worthington Steel Stock Performance

Worthington Steel stock opened at $44.69 on Thursday. The business’s 50-day simple moving average is $38.06 and its two-hundred day simple moving average is $35.08. The company has a market cap of $2.27 billion and a PE ratio of 18.02. Worthington Steel, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $47.19.

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

Worthington Steel Dividend Announcement

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