nVerses Capital LLC Makes New $71,000 Investment in Worthington Steel, Inc. (NYSE:WS)

nVerses Capital LLC bought a new stake in Worthington Steel, Inc. (NYSE:WS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,100 shares of the company’s stock, valued at approximately $71,000.

Several other institutional investors have also recently made changes to their positions in WS. Vanguard Group Inc. purchased a new position in Worthington Steel during the 4th quarter valued at $113,286,000. Private Wealth Strategies L.L.C. purchased a new stake in shares of Worthington Steel during the second quarter valued at $6,955,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Worthington Steel by 140.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 244,118 shares of the company’s stock valued at $8,752,000 after purchasing an additional 142,780 shares during the period. Millennium Management LLC grew its holdings in shares of Worthington Steel by 135.3% in the second quarter. Millennium Management LLC now owns 189,968 shares of the company’s stock worth $6,337,000 after purchasing an additional 109,224 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in Worthington Steel in the 4th quarter worth about $2,113,000. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Price Performance

Worthington Steel stock opened at $34.68 on Tuesday. The stock has a market cap of $1.75 billion and a price-to-earnings ratio of 14.00. The firm has a 50-day moving average of $33.72 and a two-hundred day moving average of $33.51. Worthington Steel, Inc. has a 1 year low of $21.00 and a 1 year high of $41.01.

Worthington Steel (NYSE:WS) last announced its quarterly earnings results on Wednesday, September 25th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $834.00 million during the quarter, compared to analyst estimates of $748.40 million. Worthington Steel had a return on equity of 12.14% and a net margin of 3.71%. The company’s revenue was down 7.9% compared to the same quarter last year. Research analysts expect that Worthington Steel, Inc. will post 2.95 earnings per share for the current year.

Worthington Steel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.85%. Worthington Steel’s dividend payout ratio is currently 25.81%.

About Worthington Steel

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.