Huntington National Bank Lowers Stock Holdings in Worthington Steel, Inc. (NYSE:WS)

Huntington National Bank cut its holdings in shares of Worthington Steel, Inc. (NYSE:WS) by 20.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,969 shares of the company’s stock after selling 752 shares during the period. Huntington National Bank’s holdings in Worthington Steel were worth $101,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CWM LLC boosted its holdings in Worthington Steel by 845.4% in the second quarter. CWM LLC now owns 1,021 shares of the company’s stock valued at $34,000 after purchasing an additional 913 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Worthington Steel in the 1st quarter valued at about $37,000. GAMMA Investing LLC grew its position in shares of Worthington Steel by 153.0% during the third quarter. GAMMA Investing LLC now owns 1,255 shares of the company’s stock worth $43,000 after buying an additional 759 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Worthington Steel during the third quarter worth approximately $71,000. Finally, Eastern Bank acquired a new stake in Worthington Steel in the third quarter valued at approximately $99,000. Institutional investors and hedge funds own 45.41% of the company’s stock.

Worthington Steel Stock Down 0.2 %

NYSE WS opened at $43.22 on Monday. Worthington Steel, Inc. has a 52 week low of $21.00 and a 52 week high of $47.19. The firm has a 50 day moving average of $36.40 and a two-hundred day moving average of $34.50. The stock has a market capitalization of $2.19 billion and a PE ratio of 17.43.

Worthington Steel (NYSE:WS) last posted its earnings results on Wednesday, September 25th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $834.00 million for 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 for the quarter was down 7.9% compared to the same quarter last year. On average, equities research analysts expect that Worthington Steel, Inc. will post 2.95 earnings per share for the current fiscal year.

Worthington Steel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, December 13th. Worthington Steel’s dividend payout ratio (DPR) is presently 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.