Handelsbanken Fonder AB Buys 1,900 Shares of Worthington Steel, Inc. (NYSE:WS)

Handelsbanken Fonder AB grew its position in shares of Worthington Steel, Inc. (NYSE:WS) by 23.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,916 shares of the company’s stock after buying an additional 1,900 shares during the period. Handelsbanken Fonder AB’s holdings in Worthington Steel were worth $316,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its stake in Worthington Steel by 8.4% in the 3rd quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the company’s stock worth $571,000 after purchasing an additional 1,300 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Worthington Steel by 10.0% during the third quarter. State of Alaska Department of Revenue now owns 19,841 shares of the company’s stock worth $674,000 after purchasing an additional 1,796 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Worthington Steel by 0.5% in the third 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 last quarter. Amalgamated Bank raised its stake in 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 in the last quarter. Finally, Principal Financial Group Inc. grew its position in Worthington Steel by 7.9% in the third quarter. Principal Financial Group Inc. now owns 163,757 shares of the company’s stock worth $5,569,000 after acquiring an additional 11,976 shares in the last quarter. Hedge funds and other institutional investors own 45.41% of the company’s stock.

Worthington Steel Stock Down 2.7 %

WS opened at $25.95 on Tuesday. The stock has a market cap of $1.32 billion, a PE ratio of 9.11 and a beta of 2.59. Worthington Steel, Inc. has a 52 week low of $25.71 and a 52 week high of $47.19. The business’s fifty day simple moving average is $29.65 and its 200 day simple moving average is $34.80.

Worthington Steel (NYSE:WS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). The business had revenue of $739.00 million for the quarter, compared to the consensus estimate of $740.40 million. Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. The firm’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. As a group, equities analysts anticipate 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 issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.47%. Worthington Steel’s dividend payout ratio is currently 22.46%.

Worthington Steel 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.