Royce & Associates LP Has $1.15 Million Stock Holdings in Worthington Steel, Inc. (NYSE:WS)

Royce & Associates LP lifted its holdings in shares of Worthington Steel, Inc. (NYSE:WS) by 12.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,711 shares of the company’s stock after purchasing an additional 3,711 shares during the quarter. Royce & Associates LP owned approximately 0.07% of Worthington Steel worth $1,147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. boosted its position in Worthington Steel by 1.5% during the second quarter. Coldstream Capital Management Inc. now owns 21,102 shares of the company’s stock worth $704,000 after purchasing an additional 304 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Worthington Steel by 0.5% during the 3rd quarter. New York State Teachers Retirement System now owns 64,487 shares of the company’s stock worth $2,193,000 after buying an additional 305 shares during the period. Louisiana State Employees Retirement System grew its stake in 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 buying an additional 400 shares during the last quarter. GAMMA Investing LLC raised its holdings in Worthington Steel by 153.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,255 shares of the company’s stock worth $43,000 after acquiring an additional 759 shares during the period. Finally, Amalgamated Bank lifted its position in Worthington Steel by 8.9% during the 3rd quarter. Amalgamated Bank now owns 10,173 shares of the company’s stock worth $346,000 after acquiring an additional 830 shares during the last quarter. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Stock Performance

Shares of NYSE:WS opened at $43.75 on Wednesday. The stock’s 50-day moving average is $36.88 and its 200-day moving average is $34.65. The company has a market cap of $2.22 billion and a P/E ratio of 17.64. Worthington Steel, Inc. has a 52-week low of $21.00 and a 52-week high of $47.19.

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

Worthington Steel Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, December 13th. Worthington Steel’s dividend payout ratio (DPR) is presently 25.81%.

Worthington Steel Company 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.