Millennium Management LLC Buys 109,224 Shares of Worthington Steel, Inc. (NYSE:WS)

Millennium Management LLC raised its stake in Worthington Steel, Inc. (NYSE:WS) by 135.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,968 shares of the company’s stock after buying an additional 109,224 shares during the period. Millennium Management LLC owned about 0.38% of Worthington Steel worth $6,337,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Worthington Steel by 30.1% in the 1st quarter. Vanguard Group Inc. now owns 5,246,781 shares of the company’s stock worth $188,097,000 after buying an additional 1,215,248 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Worthington Steel by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,393,483 shares of the company’s stock valued at $79,845,000 after purchasing an additional 17,783 shares during the last quarter. Bank of New York Mellon Corp grew 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 purchasing an additional 6,433 shares during the last quarter. Allspring Global Investments Holdings LLC grew 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 purchasing an additional 142,780 shares during the last quarter. Finally, Private Wealth Strategies L.L.C. bought a new position in shares of Worthington Steel during the 2nd quarter valued at $6,955,000. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Stock Performance

WS stock opened at $33.19 on Friday. Worthington Steel, Inc. has a 52 week low of $21.00 and a 52 week high of $41.01. The firm’s fifty day moving average is $33.63 and its 200 day moving average is $33.59. The firm has a market cap of $1.67 billion and a P/E ratio of 12.29.

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

Worthington Steel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given 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 yield of 1.93%.

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.