State of Alaska Department of Revenue Has $674,000 Holdings in Worthington Steel, Inc. (NYSE:WS)

State of Alaska Department of Revenue increased its holdings in Worthington Steel, Inc. (NYSE:WS) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,841 shares of the company’s stock after purchasing an additional 1,796 shares during the quarter. State of Alaska Department of Revenue’s holdings in Worthington Steel were worth $674,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WS. CWM LLC grew its stake in shares of Worthington Steel by 845.4% in the second quarter. CWM LLC now owns 1,021 shares of the company’s stock worth $34,000 after purchasing an additional 913 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Worthington Steel during the first quarter valued at $37,000. GAMMA Investing LLC boosted 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 during the last quarter. nVerses Capital LLC bought a new stake in Worthington Steel during the third quarter valued at $71,000. Finally, Eastern Bank bought a new position in shares of Worthington Steel during the 3rd quarter worth about $99,000. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Price Performance

WS stock opened at $44.71 on Thursday. The stock has a market capitalization of $2.27 billion and a PE ratio of 18.00. The company’s 50-day moving average is $34.60 and its 200-day moving average is $33.76. Worthington Steel, Inc. has a 1 year low of $21.00 and a 1 year high of $45.42.

Worthington Steel (NYSE:WS) last released its quarterly earnings data on Wednesday, September 25th. The company reported $0.56 earnings per share (EPS) 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 company had revenue of $834.00 million for the quarter, compared to analysts’ expectations of $748.40 million. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, analysts anticipate 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. Investors of record on Friday, December 13th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.43%. Worthington Steel’s dividend payout ratio 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.