Barclays PLC Grows Stock Holdings in Worthington Steel, Inc. (NYSE:WS)

Barclays PLC lifted its holdings in shares of Worthington Steel, Inc. (NYSE:WS - Free Report) by 317.9% during the 3rd quarter, according to its most recent Form 13F 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 approximately 0.10% of Worthington Steel worth $1,701,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Worthington Steel by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,393,483 shares of the company's stock worth $79,845,000 after buying an additional 17,783 shares during the last quarter. State Street Corp boosted its position in Worthington Steel by 2.2% in the third quarter. State Street Corp now owns 1,557,031 shares of the company's stock worth $52,955,000 after purchasing an additional 33,534 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Worthington Steel by 12.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 321,296 shares of the company's stock valued at $10,927,000 after purchasing an additional 36,488 shares during the period. Bank of New York Mellon Corp increased its position in shares of Worthington Steel by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 267,935 shares of the company's stock valued at $8,938,000 after purchasing an additional 6,433 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Worthington Steel by 35.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 263,087 shares of the company's stock worth $8,948,000 after purchasing an additional 68,792 shares during the period. 45.41% of the stock is currently owned by institutional investors.

Worthington Steel Price Performance

Shares of WS traded down $0.53 on Friday, reaching $32.01. The company's stock had a trading volume of 300,217 shares, compared to its average volume of 229,827. Worthington Steel, Inc. has a 12-month low of $23.82 and a 12-month high of $47.19. The stock has a market capitalization of $1.63 billion and a P/E ratio of 12.91. The stock's 50 day simple moving average is $40.73 and its two-hundred day simple moving average is $36.19.

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

Worthington Steel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, March 14th. Worthington Steel's payout ratio is 22.46%.

Worthington Steel 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.