New York State Teachers Retirement System Has $2.10 Million Stake in Worthington Steel, Inc. (NYSE:WS)

New York State Teachers Retirement System lifted its stake in shares of Worthington Steel, Inc. (NYSE:WS) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,974 shares of the company’s stock after purchasing an additional 1,487 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Worthington Steel worth $2,099,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Worthington Steel by 1.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 28,304 shares of the company’s stock valued at $963,000 after purchasing an additional 350 shares in the last quarter. Amalgamated Bank lifted its position in shares of Worthington Steel by 8.9% during the third quarter. Amalgamated Bank now owns 10,173 shares of the company’s stock valued at $346,000 after purchasing an additional 830 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Worthington Steel by 3.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 21,935 shares of the company’s stock worth $747,000 after buying an additional 833 shares during the last quarter. De Lisle Partners LLP boosted its position in Worthington Steel by 1.9% in the third quarter. De Lisle Partners LLP now owns 49,194 shares of the company’s stock worth $1,674,000 after purchasing an additional 900 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Worthington Steel by 4.2% during the third quarter. Franklin Resources Inc. now owns 29,170 shares of the company’s stock worth $995,000 after buying an additional 1,178 shares during the last quarter. 45.41% of the stock is owned by institutional investors and hedge funds.

Worthington Steel Stock Performance

WS stock opened at $28.39 on Friday. The stock has a fifty day moving average of $30.70 and a 200-day moving average of $35.04. Worthington Steel, Inc. has a fifty-two week low of $27.33 and a fifty-two week high of $47.19. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 9.96 and a beta of 2.59.

Worthington Steel (NYSE:WS) last released its quarterly 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 firm had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $740.40 million. During the same quarter last year, the firm earned $0.11 earnings per share. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. Equities analysts predict that Worthington Steel, Inc. will post 2.26 EPS for the current year.

Worthington Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.25%. Worthington Steel’s dividend payout ratio (DPR) is presently 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.