Barclays PLC Buys 38,043 Shares of Worthington Steel, Inc. (NYSE:WS)

Barclays PLC raised its position in shares of Worthington Steel, Inc. (NYSE:WS) by 317.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,010 shares of the company’s stock after acquiring an additional 38,043 shares during the period. Barclays PLC owned approximately 0.10% of Worthington Steel worth $1,701,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Worthington Steel by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,393,483 shares of the company’s stock worth $79,845,000 after buying an additional 17,783 shares during the period. State Street Corp raised its stake in shares of Worthington Steel by 2.2% during the third quarter. State Street Corp now owns 1,557,031 shares of the company’s stock valued at $52,955,000 after acquiring an additional 33,534 shares in the last quarter. Geode Capital Management LLC grew its stake in Worthington Steel by 5.7% in the third quarter. Geode Capital Management LLC now owns 771,371 shares of the company’s stock worth $26,240,000 after purchasing an additional 41,925 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Worthington Steel by 12.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 321,296 shares of the company’s stock valued at $10,927,000 after purchasing an additional 36,488 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in Worthington Steel by 35.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 263,087 shares of the company’s stock valued at $8,948,000 after purchasing an additional 68,792 shares in the last quarter. 45.41% of the stock is currently owned by institutional investors.

Worthington Steel Trading Down 2.8 %

WS opened at $29.36 on Friday. The company has a market capitalization of $1.49 billion and a price-to-earnings ratio of 11.84. Worthington Steel, Inc. has a 12-month low of $26.13 and a 12-month high of $47.19. The business’s fifty day simple moving average is $39.48 and its 200-day simple moving average is $36.23.

Worthington Steel (NYSE:WS) last issued its earnings results on Wednesday, December 18th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.37). Worthington Steel had a return on equity of 12.14% and a net margin of 3.71%. The business had revenue of $739.00 million for the quarter, compared to the consensus estimate of $740.40 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The firm’s revenue was down 8.5% on a year-over-year basis. On average, equities research analysts predict that Worthington Steel, Inc. will post 2.95 EPS for the current year.

Worthington Steel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.18%. Worthington Steel’s dividend payout ratio is currently 22.46%.

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.