JPMorgan Chase & Co. Boosts Stock Holdings in Worthington Steel, Inc. (NYSE:WS)

JPMorgan Chase & Co. lifted its holdings in Worthington Steel, Inc. (NYSE:WS - Free Report) by 46.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,141 shares of the company's stock after acquiring an additional 26,809 shares during the period. JPMorgan Chase & Co. owned approximately 0.17% of Worthington Steel worth $2,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of Worthington Steel by 7.9% during the 3rd quarter. Principal Financial Group Inc. now owns 163,757 shares of the company's stock valued at $5,569,000 after acquiring an additional 11,976 shares during the period. Franklin Resources Inc. increased its stake in Worthington Steel by 4.2% in the third quarter. Franklin Resources Inc. now owns 29,170 shares of the company's stock valued at $995,000 after purchasing an additional 1,178 shares in the last quarter. Barclays PLC raised its holdings in shares of Worthington Steel by 317.9% during the third quarter. Barclays PLC now owns 50,010 shares of the company's stock valued at $1,701,000 after purchasing an additional 38,043 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of 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 purchasing an additional 833 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Worthington Steel by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 771,371 shares of the company's stock valued at $26,240,000 after buying an additional 41,925 shares during the period. 45.41% of the stock is owned by institutional investors and hedge funds.

Worthington Steel Trading Up 0.5 %

WS stock traded up $0.14 during trading on Monday, reaching $30.33. 168,485 shares of the stock were exchanged, compared to its average volume of 430,273. The firm's 50 day moving average is $38.22 and its 200 day moving average is $36.18. The firm has a market cap of $1.54 billion and a P/E ratio of 10.64. Worthington Steel, Inc. has a twelve month low of $27.28 and a twelve month high of $47.19.

Worthington Steel (NYSE:WS - Get Free Report) last issued its earnings results on Wednesday, December 18th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.37). The firm had revenue of $739.00 million for the quarter, compared to analyst estimates of $740.40 million. Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. Worthington Steel's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. As a group, analysts predict that Worthington Steel, Inc. will post 2.95 earnings per share for the current fiscal year.

Worthington Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, March 14th. 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.