Jacobs Levy Equity Management Inc. Has $8.95 Million Holdings in Worthington Steel, Inc. (NYSE:WS)

Jacobs Levy Equity Management Inc. boosted its holdings in Worthington Steel, Inc. (NYSE:WS - Free Report) by 35.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 263,087 shares of the company's stock after buying an additional 68,792 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.52% of Worthington Steel worth $8,948,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Worthington Steel by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,612 shares of the company's stock worth $739,000 after acquiring an additional 1,041 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Worthington Steel in the first quarter valued at $37,000. CWM LLC grew its position in Worthington Steel by 845.4% in the second quarter. CWM LLC now owns 1,021 shares of the company's stock valued at $34,000 after purchasing an additional 913 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Worthington Steel by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the company's stock valued at $517,000 after purchasing an additional 400 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Worthington Steel by 2.5% in the second 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 in the last quarter. 45.41% of the stock is currently owned by institutional investors and hedge funds.

Worthington Steel Trading Down 0.5 %

Shares of WS traded down $0.20 during midday trading on Friday, reaching $43.77. The stock had a trading volume of 130,773 shares, compared to its average volume of 212,505. The firm has a market cap of $2.22 billion and a PE ratio of 17.73. The firm has a 50 day simple moving average of $39.36 and a 200-day simple moving average of $35.60. Worthington Steel, Inc. has a one year low of $22.74 and a one year high of $47.19.

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

Worthington Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Friday, December 13th. Worthington Steel's payout ratio is presently 25.81%.

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.