Worthington Steel, Inc. (NYSE:WS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its position in shares of Worthington Steel, Inc. (NYSE:WS) by 17.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,554 shares of the company’s stock after selling 2,679 shares during the quarter. BNP Paribas Financial Markets’ holdings in Worthington Steel were worth $427,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Private Wealth Strategies L.L.C. acquired a new stake in shares of Worthington Steel in the second quarter worth about $6,955,000. Millennium Management LLC grew its stake in shares of Worthington Steel by 135.3% in the 2nd quarter. Millennium Management LLC now owns 189,968 shares of the company’s stock valued at $6,337,000 after purchasing an additional 109,224 shares during the period. WINTON GROUP Ltd grew its stake in shares of Worthington Steel by 54.5% in the 2nd quarter. WINTON GROUP Ltd now owns 141,024 shares of the company’s stock valued at $4,705,000 after purchasing an additional 49,725 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Worthington Steel in the 2nd quarter worth approximately $1,594,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Worthington Steel by 12.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 321,296 shares of the company’s stock worth $10,927,000 after acquiring an additional 36,488 shares in the last quarter. 45.41% of the stock is currently owned by institutional investors and hedge funds.

Worthington Steel Stock Performance

NYSE:WS opened at $42.12 on Friday. The stock’s fifty day moving average price is $40.62 and its two-hundred day moving average price is $36.05. Worthington Steel, Inc. has a 52-week low of $23.82 and a 52-week high of $47.19. The company has a market cap of $2.14 billion and a price-to-earnings ratio of 16.98.

Worthington Steel (NYSE:WS) last issued 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. The company had revenue of $834.00 million during the quarter, compared to analysts’ expectations of $748.40 million. Worthington Steel had a net margin of 3.71% and a return on equity of 12.14%. The business’s revenue was down 7.9% compared to the same quarter last year. On average, equities analysts predict that Worthington Steel, Inc. will post 2.95 EPS for the current fiscal year.

Worthington Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, December 13th. Worthington Steel’s dividend 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.