Worthington Steel, Inc. $WS Stake Trimmed by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in Worthington Steel, Inc. (NYSE:WS) by 10.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,887 shares of the company’s stock after selling 1,002 shares during the quarter. Voya Investment Management LLC’s holdings in Worthington Steel were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of WS. CWM LLC grew its stake in Worthington Steel by 141.5% during the 1st quarter. CWM LLC now owns 2,186 shares of the company’s stock valued at $55,000 after acquiring an additional 1,281 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Worthington Steel in the 1st quarter valued at approximately $118,000. Harbor Capital Advisors Inc. grew its stake in shares of Worthington Steel by 10,559.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 9,807 shares of the company’s stock valued at $248,000 after buying an additional 9,715 shares in the last quarter. PDS Planning Inc grew its stake in shares of Worthington Steel by 6.4% in the 1st quarter. PDS Planning Inc now owns 12,133 shares of the company’s stock valued at $307,000 after buying an additional 729 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Worthington Steel in the 1st quarter valued at approximately $347,000. Hedge funds and other institutional investors own 45.41% of the company’s stock.

Worthington Steel Stock Performance

Shares of NYSE WS opened at $30.34 on Tuesday. The business has a fifty day simple moving average of $31.98 and a 200 day simple moving average of $28.58. The company has a current ratio of 1.66, a quick ratio of 0.97 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 13.92 and a beta of 1.88. Worthington Steel, Inc. has a one year low of $21.30 and a one year high of $47.19.

Worthington Steel (NYSE:WS) last issued its earnings results on Wednesday, September 24th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The business had revenue of $872.90 million during the quarter, compared to analyst estimates of $785.30 million. Worthington Steel had a return on equity of 10.11% and a net margin of 3.80%.Worthington Steel’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. Sell-side analysts expect that Worthington Steel, Inc. will post 2.26 EPS for the current year.

Worthington Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, December 12th. Worthington Steel’s dividend payout ratio is currently 27.35%.

Analyst Ratings Changes

WS has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Worthington Steel from a “buy” rating to a “hold” rating in a report on Friday. KeyCorp raised their price target on shares of Worthington Steel from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $36.00.

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.