Deprince Race & Zollo Inc. Has $5.20 Million Stake in Worthington Steel, Inc. $WS

Deprince Race & Zollo Inc. boosted its position in Worthington Steel, Inc. (NYSE:WS) by 76.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,995 shares of the company’s stock after purchasing an additional 74,349 shares during the period. Deprince Race & Zollo Inc. owned 0.34% of Worthington Steel worth $5,197,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WS. Harbor Capital Advisors Inc. increased its stake in shares of Worthington Steel by 3.5% in the second quarter. Harbor Capital Advisors Inc. now owns 10,147 shares of the company’s stock valued at $303,000 after buying an additional 340 shares during the period. Cardinal Capital Management grew its holdings in Worthington Steel by 2.7% during the 2nd quarter. Cardinal Capital Management now owns 16,498 shares of the company’s stock worth $492,000 after acquiring an additional 429 shares during the last quarter. GAMMA Investing LLC increased its position in Worthington Steel by 57.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,219 shares of the company’s stock valued at $36,000 after acquiring an additional 443 shares during the period. CWM LLC raised its stake in shares of Worthington Steel by 37.2% during the third quarter. CWM LLC now owns 1,917 shares of the company’s stock valued at $58,000 after acquiring an additional 520 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Worthington Steel by 7.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,989 shares of the company’s stock worth $268,000 after purchasing an additional 608 shares during the period. 45.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WS. Wall Street Zen upgraded Worthington Steel from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Steel in a research report on Wednesday, October 8th. Zacks Research cut Worthington Steel from a “hold” rating to a “strong sell” rating in a research note on Monday, December 22nd. Finally, KeyCorp raised their price objective on Worthington Steel from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.00.

Worthington Steel Price Performance

WS stock opened at $36.06 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.80 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 20.26 and a beta of 1.72. The company’s fifty day simple moving average is $33.38 and its 200 day simple moving average is $31.86. Worthington Steel, Inc. has a 12-month low of $21.30 and a 12-month high of $38.59.

Worthington Steel (NYSE:WS) last posted its quarterly earnings data on Wednesday, December 17th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The business had revenue of $871.90 million during the quarter, compared to the consensus estimate of $797.25 million. Worthington Steel had a return on equity of 10.70% and a net margin of 3.83%.The business’s revenue was up 18.0% on a year-over-year basis. During the same period last year, the business posted $0.19 earnings per share. On average, analysts expect that Worthington Steel, Inc. will post 2.26 earnings per share for the current year.

Worthington Steel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, March 13th. Worthington Steel’s payout ratio is presently 35.96%.

Worthington Steel Profile

Worthington Steel (NYSE: WS) is a leading North American steel processor specializing in the production of flat-rolled, coated and painted sheet and coil products. Operating as a wholly owned subsidiary of Worthington Industries, the company serves a broad range of industries, including construction, automotive, appliance, energy and agricultural equipment. Its core business activities encompass the processing, finishing and distribution of carbon and advanced high-strength steels, aluminum and stainless products to manufacturers across the continent.

The company’s product portfolio includes hot-dip galvanizing, galvannealed, aluminized and pre-painted steel products, as well as cold-rolled and hot-rolled coil.