Worthington Steel, Inc. (NYSE:WS) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of Worthington Steel, Inc. (NYSE:WS) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 113,488 shares of the company’s stock after purchasing an additional 4,698 shares during the period. Rhumbline Advisers owned 0.22% of Worthington Steel worth $3,611,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quadrature Capital Ltd purchased a new position in Worthington Steel during the third quarter worth approximately $213,000. MML Investors Services LLC acquired a new position in shares of Worthington Steel during the 3rd quarter valued at about $239,000. Victory Capital Management Inc. boosted its position in shares of Worthington Steel by 36.8% during the 3rd quarter. Victory Capital Management Inc. now owns 8,523 shares of the company’s stock valued at $290,000 after acquiring an additional 2,291 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Worthington Steel by 8.9% in 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 during the period. Finally, Park National Corp OH acquired a new stake in Worthington Steel during the fourth quarter worth about $410,000. 45.41% of the stock is owned by hedge funds and other institutional investors.

Worthington Steel Stock Down 1.9 %

Shares of Worthington Steel stock opened at $26.65 on Friday. The business’s fifty day simple moving average is $29.91 and its 200-day simple moving average is $34.87. The firm has a market cap of $1.35 billion, a PE ratio of 9.35 and a beta of 2.60. Worthington Steel, Inc. has a 52 week low of $26.23 and a 52 week high of $47.19.

Worthington Steel (NYSE:WS) last released its earnings results on Wednesday, December 18th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $740.40 million. During the same period in the prior year, the firm earned $0.11 earnings per share. The business’s revenue was down 8.5% compared to the same quarter last year. As a group, equities analysts expect that Worthington Steel, Inc. will post 2.26 earnings per share for the current year.

Worthington Steel Announces Dividend

The business 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 is Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.40%. Worthington Steel’s dividend payout ratio 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.