Janus Henderson Group PLC Increases Holdings in Worthington Steel, Inc. (NYSE:WS)

Janus Henderson Group PLC raised its holdings in shares of Worthington Steel, Inc. (NYSE:WS - Free Report) by 546.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,480 shares of the company's stock after purchasing an additional 79,021 shares during the quarter. Janus Henderson Group PLC owned 0.18% of Worthington Steel worth $3,179,000 as of its most recent filing with the Securities & Exchange Commission.

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

Worthington Steel Price Performance

Shares of NYSE:WS traded down $0.64 during trading hours on Thursday, hitting $43.49. 158,337 shares of the company's stock traded hands, compared to its average volume of 213,679. The business has a fifty day moving average price of $40.45 and a 200-day moving average price of $35.97. Worthington Steel, Inc. has a 1 year low of $22.74 and a 1 year high of $47.19. The firm has a market capitalization of $2.21 billion and a P/E ratio of 17.54.

Worthington Steel (NYSE:WS - Get Free Report) last posted its quarterly earnings data on Wednesday, September 25th. The company reported $0.56 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $748.40 million. The company's revenue was down 7.9% on a year-over-year basis. As a group, equities analysts predict 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, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, December 13th. Worthington Steel's payout ratio is presently 25.81%.

Worthington Steel Company 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.