Jane Street Group LLC Purchases 21,172 Shares of Worthington Steel, Inc. (NYSE:WS)

Jane Street Group LLC lifted its position in shares of Worthington Steel, Inc. (NYSE:WS) by 44.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,744 shares of the company’s stock after purchasing an additional 21,172 shares during the quarter. Jane Street Group LLC owned 0.14% of Worthington Steel worth $2,338,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in WS. Coldstream Capital Management Inc. lifted its stake in Worthington Steel by 1.5% in the second quarter. Coldstream Capital Management Inc. now owns 21,102 shares of the company’s stock valued at $704,000 after buying an additional 304 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Worthington Steel by 0.5% in the 3rd quarter. New York State Teachers Retirement System now owns 64,487 shares of the company’s stock worth $2,193,000 after purchasing an additional 305 shares during the period. PNC Financial Services Group Inc. increased its holdings 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 worth $963,000 after purchasing an additional 350 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Worthington Steel by 2.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the company’s stock valued at $517,000 after purchasing an additional 400 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Worthington Steel by 153.0% in the third quarter. GAMMA Investing LLC now owns 1,255 shares of the company’s stock valued at $43,000 after purchasing an additional 759 shares in the last quarter. Institutional investors and hedge funds own 45.41% of the company’s stock.

Worthington Steel Stock Performance

Shares of Worthington Steel stock opened at $34.10 on Monday. Worthington Steel, Inc. has a 52-week low of $23.82 and a 52-week high of $47.19. The business’s 50 day simple moving average is $40.96 and its 200 day simple moving average is $36.20. The firm has a market cap of $1.73 billion and a PE ratio of 13.75.

Worthington Steel (NYSE:WS) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). Worthington Steel had a net margin of 3.71% and a return on equity of 12.14%. The business had revenue of $739.00 million during the quarter, compared to analyst estimates of $740.40 million. During the same quarter last year, the business earned $0.11 earnings per share. Worthington Steel’s revenue for the quarter was down 8.5% on a year-over-year basis. As a group, equities research analysts predict that Worthington Steel, Inc. will post 2.95 EPS for the current year.

Worthington Steel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 yield of 1.88%. Worthington Steel’s dividend payout ratio (DPR) is presently 22.46%.

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.