Illinois Municipal Retirement Fund Grows Position in Worthington Steel, Inc. (NYSE:WS)

Illinois Municipal Retirement Fund lifted its stake in shares of Worthington Steel, Inc. (NYSE:WS) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,939 shares of the company’s stock after buying an additional 904 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Worthington Steel were worth $603,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in shares of Worthington Steel during the 3rd quarter valued at about $213,000. MML Investors Services LLC acquired a new stake in Worthington Steel during the 3rd quarter valued at approximately $239,000. Victory Capital Management Inc. grew its stake in Worthington Steel by 36.8% during the 3rd quarter. Victory Capital Management Inc. now owns 8,523 shares of the company’s stock valued at $290,000 after purchasing an additional 2,291 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Worthington Steel by 23.7% during the 4th quarter. Handelsbanken Fonder AB now owns 9,916 shares of the company’s stock valued at $316,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Amalgamated Bank grew its stake in Worthington Steel by 8.9% during the 3rd quarter. Amalgamated Bank now owns 10,173 shares of the company’s stock valued at $346,000 after purchasing an additional 830 shares in the last quarter. 45.41% of the stock is currently owned by hedge funds and other institutional investors.

Worthington Steel Stock Down 2.7 %

Shares of NYSE WS opened at $25.95 on Tuesday. Worthington Steel, Inc. has a fifty-two week low of $25.71 and a fifty-two week high of $47.19. The business has a 50 day moving average price of $29.65 and a two-hundred day moving average price of $34.80. The firm has a market cap of $1.32 billion, a PE ratio of 9.11 and a beta of 2.59.

Worthington Steel (NYSE:WS) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. The business had revenue of $739.00 million for the quarter, compared to analyst estimates of $740.40 million. During the same quarter last year, the business earned $0.11 EPS. Worthington Steel’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts anticipate that Worthington Steel, Inc. will post 2.26 earnings per share for the current year.

Worthington Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.47%. Worthington Steel’s payout ratio is 22.46%.

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.