Pacer Advisors Inc. Purchases Shares of 1,311,780 Worthington Steel, Inc. (NYSE:WS)

Pacer Advisors Inc. purchased a new stake in shares of Worthington Steel, Inc. (NYSE:WS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,311,780 shares of the company's stock, valued at approximately $41,741,000. Pacer Advisors Inc. owned about 2.58% of Worthington Steel at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Worthington Steel by 8.7% in the second quarter. American Century Companies Inc. now owns 23,555 shares of the company's stock valued at $786,000 after purchasing an additional 1,877 shares during the last quarter. Ensign Peak Advisors Inc bought a new stake in shares of Worthington Steel in the second quarter valued at approximately $282,000. Public Sector Pension Investment Board increased its holdings in Worthington Steel by 7.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 67,658 shares of the company's stock valued at $2,257,000 after buying an additional 4,434 shares during the period. Cubist Systematic Strategies LLC raised its stake in Worthington Steel by 207.8% during the second quarter. Cubist Systematic Strategies LLC now owns 44,947 shares of the company's stock worth $1,499,000 after acquiring an additional 30,346 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Worthington Steel in the second quarter worth about $1,594,000. 45.41% of the stock is owned by institutional investors.

Worthington Steel Price Performance

WS stock traded down $1.13 during trading on Friday, reaching $29.08. 310,054 shares of the company were exchanged, compared to its average volume of 268,364. Worthington Steel, Inc. has a twelve month low of $28.20 and a twelve month high of $47.19. The company has a market capitalization of $1.48 billion and a price-to-earnings ratio of 10.20. The company has a 50-day moving average of $35.72 and a two-hundred day moving average of $35.96.

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

Worthington Steel Announces Dividend

The business 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 dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, March 14th. Worthington Steel's dividend payout ratio is currently 22.46%.

About Worthington Steel

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.