Cubist Systematic Strategies LLC Buys 30,346 Shares of Worthington Steel, Inc. (NYSE:WS)

Cubist Systematic Strategies LLC boosted its stake in Worthington Steel, Inc. (NYSE:WS) by 207.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,947 shares of the company’s stock after acquiring an additional 30,346 shares during the period. Cubist Systematic Strategies LLC owned 0.09% of Worthington Steel worth $1,499,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Worthington Steel by 30.1% in the first quarter. Vanguard Group Inc. now owns 5,246,781 shares of the company’s stock valued at $188,097,000 after acquiring an additional 1,215,248 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Worthington Steel by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,393,483 shares of the company’s stock valued at $79,845,000 after acquiring an additional 17,783 shares in the last quarter. Norges Bank bought a new stake in shares of Worthington Steel during the 4th quarter valued at $9,313,000. Bank of New York Mellon Corp boosted its holdings in shares of Worthington Steel by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 267,935 shares of the company’s stock valued at $8,938,000 after buying an additional 6,433 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Worthington Steel by 140.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 244,118 shares of the company’s stock valued at $8,752,000 after buying an additional 142,780 shares in the last quarter. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Trading Down 0.8 %

Shares of WS stock opened at $33.73 on Wednesday. Worthington Steel, Inc. has a 12 month low of $21.00 and a 12 month high of $41.01. The stock has a market cap of $1.70 billion and a PE ratio of 12.17. The company’s fifty day moving average price is $34.32 and its 200-day moving average price is $33.53.

Worthington Steel (NYSE:WS) last announced 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 net margin of 3.71% and a return on equity of 12.14%. The firm had revenue of $834.00 million for the quarter, compared to analysts’ expectations of $748.40 million. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, sell-side analysts forecast that Worthington Steel, Inc. will post 2.95 earnings per share for the current fiscal year.

Worthington Steel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Friday, December 13th.

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.