Worthington Steel, Inc. (NYSE:WS) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in shares of Worthington Steel, Inc. (NYSE:WS) by 44.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,590 shares of the company’s stock after purchasing an additional 6,976 shares during the quarter. Natixis Advisors LLC’s holdings in Worthington Steel were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Coldstream Capital Management Inc. raised its position in shares of Worthington Steel by 1.5% during the 2nd quarter. Coldstream Capital Management Inc. now owns 21,102 shares of the company’s stock worth $704,000 after purchasing an additional 304 shares during the period. New York State Teachers Retirement System increased its position in Worthington Steel by 0.5% in the 3rd quarter. New York State Teachers Retirement System now owns 64,487 shares of the company’s stock valued at $2,193,000 after acquiring an additional 305 shares during the period. Louisiana State Employees Retirement System increased its position 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 valued at $517,000 after acquiring an additional 400 shares during the period. GAMMA Investing LLC increased its position in 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 period. Finally, Amalgamated Bank increased its position in Worthington Steel by 8.9% in the 3rd quarter. Amalgamated Bank now owns 10,173 shares of the company’s stock valued at $346,000 after acquiring an additional 830 shares during the period. 45.41% of the stock is currently owned by institutional investors and hedge funds.

Worthington Steel Price Performance

WS opened at $44.69 on Thursday. Worthington Steel, Inc. has a 12 month low of $21.00 and a 12 month high of $47.19. The stock has a market cap of $2.27 billion and a P/E ratio of 18.02. The stock’s 50 day moving average price is $38.06 and its 200 day moving average price is $35.08.

Worthington Steel (NYSE:WS) last posted 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 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 analysts’ expectations of $748.40 million. Worthington Steel’s quarterly revenue was down 7.9% on a year-over-year basis. Equities analysts anticipate 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 paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, December 13th. Worthington Steel’s payout ratio is currently 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.