Walleye Capital LLC Increases Position in Worthington Steel, Inc. (NYSE:WS)

Walleye Capital LLC raised its stake in Worthington Steel, Inc. (NYSE:WS - Free Report) by 56.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,088 shares of the company's stock after buying an additional 19,499 shares during the period. Walleye Capital LLC owned about 0.11% of Worthington Steel worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in shares of Worthington Steel by 7.9% during the third quarter. Principal Financial Group Inc. now owns 163,757 shares of the company's stock valued at $5,569,000 after buying an additional 11,976 shares during the period. WINTON GROUP Ltd increased its position in Worthington Steel by 54.5% during the 2nd quarter. WINTON GROUP Ltd now owns 141,024 shares of the company's stock valued at $4,705,000 after purchasing an additional 49,725 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Worthington Steel in the 1st quarter valued at about $37,000. Price T Rowe Associates Inc. MD lifted its position in shares of Worthington Steel by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,612 shares of the company's stock worth $739,000 after purchasing an additional 1,041 shares during the period. Finally, CWM LLC boosted its stake in shares of Worthington Steel by 845.4% during 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. 45.41% of the stock is currently owned by institutional investors.

Worthington Steel Stock Performance

NYSE:WS traded down $0.22 during trading hours on Thursday, reaching $44.14. The company's stock had a trading volume of 51,528 shares, compared to its average volume of 212,074. The stock has a 50 day moving average price of $39.12 and a two-hundred day moving average price of $35.54. The company has a market capitalization of $2.24 billion and a P/E ratio of 17.89. Worthington Steel, Inc. has a 12 month low of $22.74 and a 12 month high of $47.19.

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

Worthington Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.45%. Worthington Steel's payout ratio is 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.