Dynamic Technology Lab Private Ltd Buys 15,540 Shares of Worthington Steel, Inc. (NYSE:WS)

Dynamic Technology Lab Private Ltd grew its stake in Worthington Steel, Inc. (NYSE:WS) by 195.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,485 shares of the company’s stock after purchasing an additional 15,540 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Worthington Steel were worth $798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Worthington Steel by 30.1% during the first quarter. Vanguard Group Inc. now owns 5,246,781 shares of the company’s stock valued at $188,097,000 after buying an additional 1,215,248 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Worthington Steel by 7.9% during the 3rd quarter. Principal Financial Group Inc. now owns 163,757 shares of the company’s stock worth $5,569,000 after acquiring an additional 11,976 shares during the period. Virtu Financial LLC bought a new position in shares of Worthington Steel in the 1st quarter worth approximately $694,000. WINTON GROUP Ltd lifted its stake in shares of Worthington Steel by 54.5% in the 2nd quarter. WINTON GROUP Ltd now owns 141,024 shares of the company’s stock valued at $4,705,000 after purchasing an additional 49,725 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Worthington Steel during the first quarter valued at approximately $37,000. 45.41% of the stock is owned by hedge funds and other institutional investors.

Worthington Steel Trading Up 1.4 %

WS opened at $44.69 on Thursday. The company has a market cap of $2.27 billion and a price-to-earnings ratio of 18.02. The stock has a fifty day simple moving average of $38.06 and a two-hundred day simple moving average of $35.08. Worthington Steel, Inc. has a 12-month low of $21.00 and a 12-month high of $47.19.

Worthington Steel (NYSE:WS) last released its earnings results on Wednesday, September 25th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Worthington Steel had a net margin of 3.71% and a return on equity of 12.14%. The firm had revenue of $834.00 million for the quarter, compared to the consensus estimate of $748.40 million. Worthington Steel’s quarterly revenue was down 7.9% compared to the same quarter last year. On average, analysts predict that Worthington Steel, Inc. will post 2.95 EPS for the current year.

Worthington Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.43%. Worthington Steel’s payout ratio is 25.81%.

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.