Worthington Steel, Inc. (NYSE:WS) Holdings Trimmed by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its position in shares of Worthington Steel, Inc. (NYSE:WS) by 14.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,801 shares of the company’s stock after selling 3,861 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Worthington Steel were worth $761,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WS. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Worthington Steel in the fourth quarter worth approximately $30,000. CWM LLC boosted its stake in Worthington Steel by 845.4% in the 2nd quarter. CWM LLC now owns 1,021 shares of the company’s stock worth $34,000 after purchasing an additional 913 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Worthington Steel during the 1st quarter worth approximately $37,000. TFO Wealth Partners LLC acquired a new stake in Worthington Steel during the 4th quarter valued at $50,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Worthington Steel by 42.4% in the first quarter. SG Americas Securities LLC now owns 5,111 shares of the company’s stock valued at $183,000 after purchasing an additional 1,522 shares in the last quarter. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Stock Down 2.2 %

NYSE:WS opened at $36.03 on Friday. Worthington Steel, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $41.01. The stock’s 50-day moving average is $34.63 and its two-hundred day moving average is $33.34.

Worthington Steel (NYSE:WS) last issued its earnings results on Wednesday, June 26th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.39. The company had revenue of $911.00 million for the quarter, compared to analyst estimates of $876.30 million. Worthington Steel’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, research analysts expect that Worthington Steel, Inc. will post 2.79 EPS for the current year.

Worthington Steel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, September 13th.

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.