Barclays PLC Grows Position in Worthington Steel, Inc. (NYSE:WS)

Barclays PLC lifted its stake in Worthington Steel, Inc. (NYSE:WS) by 317.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,010 shares of the company’s stock after purchasing an additional 38,043 shares during the quarter. Barclays PLC owned about 0.10% of Worthington Steel worth $1,701,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in Worthington Steel by 113.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,314 shares of the company’s stock worth $453,000 after buying an additional 7,068 shares during the last quarter. MML Investors Services LLC purchased a new stake in Worthington Steel in the 3rd quarter worth approximately $239,000. Jane Street Group LLC lifted its stake in shares of Worthington Steel by 44.5% during the 3rd quarter. Jane Street Group LLC now owns 68,744 shares of the company’s stock valued at $2,338,000 after buying an additional 21,172 shares in the last quarter. State Street Corp raised its stake in 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 purchasing an additional 33,534 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Worthington Steel during the 3rd quarter valued at approximately $213,000. 45.41% of the stock is owned by hedge funds and other institutional investors.

Worthington Steel Stock Performance

Shares of NYSE WS opened at $32.01 on Friday. The firm’s fifty day moving average is $40.73 and its two-hundred day moving average is $36.19. Worthington Steel, Inc. has a 52-week low of $23.82 and a 52-week high of $47.19. The company has a market cap of $1.63 billion and a P/E ratio of 12.91.

Worthington Steel (NYSE:WS) last released its quarterly earnings results on Wednesday, December 18th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.37). Worthington Steel had a return on equity of 12.14% and a net margin of 3.71%. The company had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $740.40 million. During the same quarter in the prior year, the business posted $0.11 EPS. The company’s revenue was down 8.5% on a year-over-year basis. As a group, analysts forecast that Worthington Steel, Inc. will post 2.95 EPS for the current fiscal year.

Worthington Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, March 14th. Worthington Steel’s payout ratio is currently 22.46%.

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.