Financial Counselors Inc. Reduces Holdings in Worthington Steel, Inc. (NYSE:WS)

Financial Counselors Inc. lowered its stake in Worthington Steel, Inc. (NYSE:WS) by 0.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 83,042 shares of the company’s stock after selling 587 shares during the period. Financial Counselors Inc. owned 0.16% of Worthington Steel worth $2,824,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WS. CWM LLC increased its stake in Worthington Steel by 845.4% during 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 last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Worthington Steel during the first quarter worth about $37,000. GAMMA Investing LLC raised its stake in 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 acquiring an additional 759 shares during the period. nVerses Capital LLC bought a new position in Worthington Steel in the third quarter worth about $71,000. Finally, Eastern Bank acquired a new position in Worthington Steel in the third quarter valued at approximately $99,000. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Trading Up 0.3 %

Shares of NYSE WS opened at $44.84 on Friday. Worthington Steel, Inc. has a 12-month low of $21.00 and a 12-month high of $47.19. The company has a market cap of $2.28 billion and a PE ratio of 18.08. The stock has a 50 day simple moving average of $38.42 and a 200-day simple moving average of $35.21.

Worthington Steel (NYSE:WS) last announced its 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. The firm had revenue of $834.00 million for the quarter, compared to analysts’ expectations 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 was down 7.9% on a year-over-year basis. Sell-side analysts forecast 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 dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, December 13th. Worthington Steel’s payout ratio is 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.