Worthington Steel, Inc. (NYSE:WS) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its position in shares of Worthington Steel, Inc. (NYSE:WS) by 31.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,010 shares of the company’s stock after selling 29,262 shares during the quarter. Two Sigma Investments LP owned 0.13% of Worthington Steel worth $2,037,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of WS. Anchor Investment Management LLC acquired a new stake in shares of Worthington Steel during the 4th quarter valued at about $32,000. Tower Research Capital LLC TRC grew its position 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 during the period. Voleon Capital Management LP acquired a new stake in shares of Worthington Steel during the 4th quarter valued at about $213,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Worthington Steel during the 4th quarter valued at about $220,000. Finally, Bank of Montreal Can grew its position in shares of Worthington Steel by 6.0% during the 4th quarter. Bank of Montreal Can now owns 8,848 shares of the company’s stock valued at $282,000 after acquiring an additional 497 shares during the period. 45.41% of the stock is currently owned by institutional investors and hedge funds.

Worthington Steel Trading Down 2.9%

NYSE:WS opened at $24.85 on Monday. Worthington Steel, Inc. has a 12 month low of $21.30 and a 12 month high of $47.19. The stock has a 50 day moving average of $25.37 and a two-hundred day moving average of $30.18. The firm has a market cap of $1.26 billion, a P/E ratio of 8.72 and a beta of 1.98.

Worthington Steel (NYSE:WS) last posted its quarterly earnings data 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 return on equity of 12.59% and a net margin of 4.36%. The firm had revenue of $687.40 million for the quarter, compared to analysts’ expectations of $732.00 million. During the same quarter last year, the firm posted $0.99 earnings per share. Worthington Steel’s quarterly revenue was down 14.7% on a year-over-year basis. On average, research analysts forecast that Worthington Steel, Inc. will post 2.26 earnings per share for the current year.

Worthington Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, June 13th. This represents a $0.64 annualized dividend and a yield of 2.58%. Worthington Steel’s dividend payout ratio (DPR) is currently 29.91%.

Wall Street Analyst Weigh In

Separately, KeyCorp dropped their target price on Worthington Steel from $41.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th.

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.