Haven Private LLC Takes $671,000 Position in Worthington Steel, Inc. (NYSE:WS)

Haven Private LLC bought a new stake in Worthington Steel, Inc. (NYSE:WS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,079 shares of the company’s stock, valued at approximately $671,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. purchased a new stake in shares of Worthington Steel during the 4th quarter worth approximately $41,741,000. Bank of New York Mellon Corp increased its position in shares of Worthington Steel by 44.6% during the fourth quarter. Bank of New York Mellon Corp now owns 359,035 shares of the company’s stock valued at $11,424,000 after acquiring an additional 110,662 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Worthington Steel by 185.4% during the 4th quarter. Fisher Asset Management LLC now owns 133,543 shares of the company’s stock worth $4,249,000 after acquiring an additional 86,753 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Worthington Steel by 546.5% during the 3rd quarter. Janus Henderson Group PLC now owns 93,480 shares of the company’s stock valued at $3,179,000 after purchasing an additional 79,021 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Worthington Steel by 35.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 263,087 shares of the company’s stock valued at $8,948,000 after acquiring an additional 68,792 shares during the last quarter. 45.41% of the stock is currently owned by institutional investors.

Worthington Steel Stock Performance

Shares of WS opened at $26.63 on Friday. The stock has a market capitalization of $1.35 billion, a PE ratio of 9.34 and a beta of 2.62. The company has a 50 day moving average price of $29.37 and a 200-day moving average price of $34.68. Worthington Steel, Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $47.19.

Worthington Steel (NYSE:WS) last released its quarterly earnings data on Wednesday, December 18th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.37). Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. The firm had revenue of $739.00 million for the quarter, compared to analyst estimates of $740.40 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. Worthington Steel’s revenue for the quarter was down 8.5% on a year-over-year basis. Equities research analysts forecast that Worthington Steel, Inc. will post 2.26 EPS for the current year.

Worthington Steel Dividend Announcement

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 paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, March 14th. Worthington Steel’s dividend payout ratio is currently 22.46%.

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.