Jackson Creek Investment Advisors LLC Purchases New Shares in Worthington Steel, Inc. (NYSE:WS)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Worthington Steel, Inc. (NYSE:WS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 45,377 shares of the company's stock, valued at approximately $1,444,000. Jackson Creek Investment Advisors LLC owned approximately 0.09% of Worthington Steel at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System grew its position in Worthington Steel by 0.5% during 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% in the third quarter. PNC Financial Services Group Inc. now owns 28,304 shares of the company's stock valued at $963,000 after buying an additional 350 shares during the last quarter. Amalgamated Bank increased its holdings in Worthington Steel by 8.9% in the 3rd quarter. Amalgamated Bank now owns 10,173 shares of the company's stock worth $346,000 after buying an additional 830 shares during the period. Coldstream Capital Management Inc. raised its position in Worthington Steel by 3.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 21,935 shares of the company's stock worth $747,000 after buying an additional 833 shares during the last quarter. Finally, De Lisle Partners LLP lifted its position in Worthington Steel by 1.9% during the third quarter. De Lisle Partners LLP now owns 49,194 shares of the company's stock valued at $1,674,000 after purchasing an additional 900 shares during the period. 45.41% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Separately, KeyCorp decreased their price objective on shares of Worthington Steel from $41.00 to $34.00 and set an "overweight" rating for the company in a research report on Friday.

Worthington Steel Stock Performance

Shares of NYSE WS traded up $1.51 during mid-day trading on Tuesday, reaching $26.23. The company's stock had a trading volume of 334,334 shares, compared to its average volume of 271,596. The stock has a 50-day moving average of $29.13 and a two-hundred day moving average of $34.59. The stock has a market capitalization of $1.33 billion, a P/E ratio of 9.20 and a beta of 2.62. Worthington Steel, Inc. has a 1-year low of $24.22 and a 1-year high of $47.19.

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

Worthington Steel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, March 14th. Worthington Steel's payout ratio is currently 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.