Jane Street Group LLC Grows Stock Position in Worthington Steel, Inc. (NYSE:WS)

Jane Street Group LLC grew its stake in Worthington Steel, Inc. (NYSE:WS - Free Report) by 44.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,744 shares of the company's stock after buying an additional 21,172 shares during the quarter. Jane Street Group LLC owned approximately 0.14% of Worthington Steel worth $2,338,000 as of its most recent SEC filing.

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

Worthington Steel Trading Down 7.2 %

WS traded down $2.45 on Monday, hitting $31.65. 459,707 shares of the company's stock traded hands, compared to its average volume of 228,718. Worthington Steel, Inc. has a one year low of $23.82 and a one year high of $47.19. The firm has a market cap of $1.61 billion and a price-to-earnings ratio of 12.76. The company's 50 day simple moving average is $40.91 and its 200-day simple moving average is $36.23.

Worthington Steel (NYSE:WS - Get Free Report) last released its quarterly earnings data on Wednesday, December 18th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.37). Worthington Steel had a net margin of 3.71% and a return on equity of 12.14%. The company had revenue of $739.00 million for the quarter, compared to the consensus estimate of $740.40 million. During the same quarter in the previous year, the business earned $0.11 EPS. The company's quarterly revenue was down 8.5% on a year-over-year basis. As a group, equities analysts anticipate 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, March 28th. Investors of record on Friday, March 14th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.02%. Worthington Steel's dividend 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.