Worthington Steel, Inc. (NYSE:WS) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in shares of Worthington Steel, Inc. (NYSE:WS) by 31.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,086 shares of the company’s stock after selling 3,177 shares during the quarter. SG Americas Securities LLC’s holdings in Worthington Steel were worth $225,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WS. Jane Street Group LLC grew its stake in shares of Worthington Steel by 44.5% during the third quarter. Jane Street Group LLC now owns 68,744 shares of the company’s stock worth $2,338,000 after purchasing an additional 21,172 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Worthington Steel by 7.9% in the 3rd quarter. Principal Financial Group Inc. now owns 163,757 shares of the company’s stock valued at $5,569,000 after acquiring an additional 11,976 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Worthington Steel by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 771,371 shares of the company’s stock worth $26,240,000 after acquiring an additional 41,925 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Worthington Steel by 546.5% during the third quarter. Janus Henderson Group PLC now owns 93,480 shares of the company’s stock worth $3,179,000 after purchasing an additional 79,021 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Worthington Steel by 46.0% in the third quarter. JPMorgan Chase & Co. now owns 85,141 shares of the company’s stock valued at $2,896,000 after purchasing an additional 26,809 shares in the last quarter. Institutional investors and hedge funds own 45.41% of the company’s stock.

Worthington Steel Stock Down 0.8 %

Shares of Worthington Steel stock opened at $28.01 on Friday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 9.83 and a beta of 2.59. Worthington Steel, Inc. has a 52 week low of $27.33 and a 52 week high of $47.19. The firm’s 50 day moving average is $33.74 and its two-hundred day moving average is $35.61.

Worthington Steel (NYSE:WS) last posted its earnings results on Wednesday, December 18th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. The company had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $740.40 million. During the same period last year, the business earned $0.11 earnings per share. The company’s quarterly revenue was down 8.5% on a year-over-year basis. As a group, research analysts expect that Worthington Steel, Inc. will post 2.26 earnings per share for the current fiscal year.

Worthington Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, March 14th. Worthington Steel’s payout ratio is currently 22.46%.

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.