Worthington Steel, Inc. (NYSE:WS - Get Free Report) shares hit a new 52-week low on Thursday . The company traded as low as $27.20 and last traded at $27.59, with a volume of 42078 shares. The stock had previously closed at $27.97.
Worthington Steel Trading Down 2.7 %
The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 9.11 and a beta of 2.59. The company has a fifty day simple moving average of $29.65 and a 200-day simple moving average of $34.80.
Worthington Steel (NYSE:WS - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations 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 was down 8.5% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. As a group, analysts anticipate that Worthington Steel, Inc. will post 2.26 earnings per share for the current year.
Worthington Steel Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.47%. Worthington Steel's payout ratio is presently 22.46%.
Institutional Trading of Worthington Steel
Institutional investors have recently made changes to their positions in the stock. Anchor Investment Management LLC acquired a new position in Worthington Steel in the 4th quarter valued at approximately $32,000. Tower Research Capital LLC TRC grew its holdings in shares of Worthington Steel by 82.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the company's stock valued at $132,000 after acquiring an additional 1,883 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Worthington Steel in the third quarter worth $213,000. Voleon Capital Management LP purchased a new stake in shares of Worthington Steel during the fourth quarter worth $213,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Worthington Steel during the fourth quarter valued at $220,000. 45.41% of the stock is currently owned by institutional investors and hedge funds.
About Worthington Steel
(
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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.
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