Dynamic Technology Lab Private Ltd Has $798,000 Stock Holdings in Worthington Steel, Inc. (NYSE:WS)

Dynamic Technology Lab Private Ltd raised its position in shares of Worthington Steel, Inc. (NYSE:WS - Free Report) by 195.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,485 shares of the company's stock after buying an additional 15,540 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Worthington Steel were worth $798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Coldstream Capital Management Inc. lifted its holdings in Worthington Steel by 1.5% in the second quarter. Coldstream Capital Management Inc. now owns 21,102 shares of the company's stock worth $704,000 after acquiring an additional 304 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Worthington Steel by 0.5% in the 3rd quarter. New York State Teachers Retirement System now owns 64,487 shares of the company's stock worth $2,193,000 after purchasing an additional 305 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Worthington Steel by 1.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 28,304 shares of the company's stock valued at $963,000 after purchasing an additional 350 shares during the period. Louisiana State Employees Retirement System grew its stake in Worthington Steel by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the company's stock worth $517,000 after buying an additional 400 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Worthington Steel by 153.0% in the third quarter. GAMMA Investing LLC now owns 1,255 shares of the company's stock worth $43,000 after buying an additional 759 shares during the period. Institutional investors and hedge funds own 45.41% of the company's stock.

Worthington Steel Price Performance

Shares of NYSE WS traded up $0.63 during mid-day trading on Thursday, reaching $44.69. 194,289 shares of the company traded hands, compared to its average volume of 169,940. Worthington Steel, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $47.19. The firm has a market cap of $2.27 billion and a PE ratio of 18.02. The stock has a fifty day simple moving average of $38.27 and a 200-day simple moving average of $35.14.

Worthington Steel (NYSE:WS - Get Free Report) last posted its quarterly earnings data on Wednesday, September 25th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Worthington Steel had a return on equity of 12.14% and a net margin of 3.71%. The company had revenue of $834.00 million for the quarter, compared to the consensus estimate of $748.40 million. The business's quarterly revenue was down 7.9% compared to the same quarter last year. As a group, analysts predict that Worthington Steel, Inc. will post 2.95 EPS for the current fiscal year.

Worthington Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.43%. Worthington Steel's dividend payout ratio (DPR) is 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.