Worthington Steel, Inc. (NYSE:WS) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Worthington Steel, Inc. (NYSE:WS) by 21.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,310 shares of the company’s stock after selling 13,419 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of Worthington Steel worth $1,643,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Worthington Steel by 845.4% in the 2nd quarter. CWM LLC now owns 1,021 shares of the company’s stock valued at $34,000 after buying an additional 913 shares during the period. GAMMA Investing LLC raised its position in Worthington Steel by 153.0% during the third quarter. GAMMA Investing LLC now owns 1,255 shares of the company’s stock valued at $43,000 after acquiring an additional 759 shares in the last quarter. nVerses Capital LLC acquired a new position in Worthington Steel in the third quarter valued at approximately $71,000. Eastern Bank purchased a new stake in Worthington Steel in the 3rd quarter worth approximately $99,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Worthington Steel during the 2nd quarter worth approximately $208,000. Hedge funds and other institutional investors own 45.41% of the company’s stock.

Worthington Steel Price Performance

WS opened at $41.06 on Tuesday. The firm has a fifty day moving average price of $40.77 and a 200 day moving average price of $36.13. Worthington Steel, Inc. has a 1 year low of $23.82 and a 1 year high of $47.19. The stock has a market cap of $2.09 billion and a P/E ratio of 16.56.

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

Worthington Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, December 13th. Worthington Steel’s 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.