Worthington Steel, Inc. (NYSE:WS) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its stake in shares of Worthington Steel, Inc. (NYSE:WS) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,939 shares of the company’s stock after acquiring an additional 904 shares during the period. Illinois Municipal Retirement Fund’s holdings in Worthington Steel were worth $603,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WS. Pacer Advisors Inc. acquired a new stake in shares of Worthington Steel during the fourth quarter valued at $41,741,000. Bank of New York Mellon Corp boosted its stake in shares of Worthington Steel by 44.6% during the fourth quarter. Bank of New York Mellon Corp now owns 359,035 shares of the company’s stock valued at $11,424,000 after acquiring an additional 110,662 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Worthington Steel by 546.5% during the third quarter. Janus Henderson Group PLC now owns 93,480 shares of the company’s stock valued at $3,179,000 after acquiring an additional 79,021 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Worthington Steel by 35.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 263,087 shares of the company’s stock valued at $8,948,000 after acquiring an additional 68,792 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Worthington Steel by 5.7% during the third quarter. Geode Capital Management LLC now owns 771,371 shares of the company’s stock valued at $26,240,000 after acquiring an additional 41,925 shares during the last quarter. Institutional investors and hedge funds own 45.41% of the company’s stock.

Worthington Steel Stock Down 2.7 %

WS opened at $25.95 on Tuesday. The business’s fifty day simple moving average is $29.65 and its 200 day simple moving average is $34.80. Worthington Steel, Inc. has a 52 week low of $25.71 and a 52 week high of $47.19. The firm has a market cap of $1.32 billion, a P/E ratio of 9.11 and a beta of 2.59.

Worthington Steel (NYSE:WS) 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). Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. The business had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $740.40 million. During the same quarter last year, the company posted $0.11 earnings per share. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. As a group, equities analysts expect that Worthington Steel, Inc. will post 2.26 EPS for the current fiscal year.

Worthington Steel Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 annualized dividend and a yield of 2.47%. Worthington Steel’s dividend payout ratio (DPR) is presently 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.