Worthington Steel, Inc. (NYSE:WS) Shares Acquired by Barclays PLC

Barclays PLC grew its holdings in shares of Worthington Steel, Inc. (NYSE:WS - Free Report) by 317.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,010 shares of the company's stock after buying an additional 38,043 shares during the period. Barclays PLC owned 0.10% of Worthington Steel worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in Worthington Steel by 153.0% during 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 in the last quarter. nVerses Capital LLC acquired a new stake in shares of Worthington Steel during the third quarter worth about $71,000. Eastern Bank acquired a new stake in shares of Worthington Steel during the third quarter worth about $99,000. Victory Capital Management Inc. purchased a new stake in shares of Worthington Steel in the 2nd quarter valued at about $208,000. Finally, Quadrature Capital Ltd purchased a new position in Worthington Steel during the 3rd quarter worth approximately $213,000. 45.41% of the stock is owned by institutional investors and hedge funds.

Worthington Steel Stock Down 2.8 %

WS traded down $0.84 during trading on Friday, hitting $29.36. 316,352 shares of the stock were exchanged, compared to its average volume of 360,675. The firm has a market capitalization of $1.49 billion and a P/E ratio of 11.84. Worthington Steel, Inc. has a 1-year low of $26.13 and a 1-year high of $47.19. The stock has a fifty day moving average price of $39.48 and a two-hundred day moving average price of $36.27.

Worthington Steel (NYSE:WS - Get Free Report) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.37). The business had revenue of $739.00 million for the quarter, compared to analyst estimates of $740.40 million. Worthington Steel had a return on equity of 12.14% and a net margin of 3.71%. The firm's revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Analysts predict that Worthington Steel, Inc. will post 2.95 EPS for the current year.

Worthington Steel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, March 14th. Worthington Steel's dividend payout ratio is currently 22.46%.

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.