Louisiana State Employees Retirement System Has $571,000 Stock Holdings in Worthington Steel, Inc. (NYSE:WS)

Louisiana State Employees Retirement System grew its position in Worthington Steel, Inc. (NYSE:WS) by 8.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 16,800 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Louisiana State Employees Retirement System’s holdings in Worthington Steel were worth $571,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of WS. CWM LLC lifted its stake in shares of Worthington Steel by 845.4% in the 2nd quarter. CWM LLC now owns 1,021 shares of the company’s stock valued at $34,000 after acquiring an additional 913 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Worthington Steel in the 1st quarter valued at $37,000. GAMMA Investing LLC lifted its stake in shares of Worthington Steel by 153.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,255 shares of the company’s stock valued at $43,000 after acquiring an additional 759 shares during the last quarter. nVerses Capital LLC bought a new position in Worthington Steel during the 3rd quarter worth $71,000. Finally, Eastern Bank bought a new position in Worthington Steel during the 3rd quarter worth $99,000. 45.41% of the stock is currently owned by institutional investors.

Worthington Steel Stock Up 3.1 %

Shares of NYSE:WS opened at $39.37 on Wednesday. The firm has a market cap of $2.00 billion and a P/E ratio of 15.88. Worthington Steel, Inc. has a 12-month low of $21.00 and a 12-month high of $41.01. The business has a fifty day simple moving average of $34.49 and a 200 day simple moving average of $33.71.

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

Worthington Steel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, December 13th. Worthington Steel’s dividend payout ratio is currently 25.81%.

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.