Teacher Retirement System of Texas Has $4.58 Million Holdings in Worthington Steel, Inc. (NYSE:WS)

Teacher Retirement System of Texas decreased its holdings in Worthington Steel, Inc. (NYSE:WS - Free Report) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,009 shares of the company's stock after selling 17,306 shares during the period. Teacher Retirement System of Texas owned about 0.28% of Worthington Steel worth $4,582,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp lifted its holdings in shares of Worthington Steel by 2.2% during the 3rd quarter. State Street Corp now owns 1,557,031 shares of the company's stock valued at $52,955,000 after buying an additional 33,534 shares during the last quarter. Pacer Advisors Inc. bought a new position in Worthington Steel during the fourth quarter valued at approximately $41,741,000. Geode Capital Management LLC grew its position in Worthington Steel by 5.7% in the third quarter. Geode Capital Management LLC now owns 771,371 shares of the company's stock worth $26,240,000 after acquiring an additional 41,925 shares in the last quarter. Bank of New York Mellon Corp grew its position in Worthington Steel by 44.6% in the fourth quarter. Bank of New York Mellon Corp now owns 359,035 shares of the company's stock worth $11,424,000 after acquiring an additional 110,662 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Worthington Steel by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 330,880 shares of the company's stock worth $10,529,000 after purchasing an additional 9,584 shares during the last quarter. 45.41% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Separately, KeyCorp decreased their price objective on shares of Worthington Steel from $41.00 to $34.00 and set an "overweight" rating for the company in a report on Friday, March 7th.

Worthington Steel Stock Performance

Shares of NYSE WS traded down $0.87 during mid-day trading on Friday, reaching $25.69. 225,965 shares of the company traded hands, compared to its average volume of 246,643. The company's fifty day moving average is $27.94 and its two-hundred day moving average is $33.86. Worthington Steel, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $47.19. The stock has a market cap of $1.30 billion, a PE ratio of 9.01 and a beta of 2.62.

Worthington Steel (NYSE:WS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.32). Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. The company had revenue of $687.40 million for the quarter, compared to analyst estimates of $732.00 million. During the same quarter last year, the business earned $0.99 EPS. The company's revenue for the quarter was down 14.7% on a year-over-year basis. Research analysts forecast that Worthington Steel, Inc. will post 2.26 earnings per share for the current year.

Worthington Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Friday, June 13th. Worthington Steel's dividend payout ratio is 29.91%.

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.