Jacobs Levy Equity Management Inc. Purchases 68,792 Shares of Worthington Steel, Inc. (NYSE:WS)

Jacobs Levy Equity Management Inc. raised its position in Worthington Steel, Inc. (NYSE:WSFree Report) by 35.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 263,087 shares of the company’s stock after purchasing an additional 68,792 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Worthington Steel were worth $8,948,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Worthington Steel by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,393,483 shares of the company’s stock valued at $79,845,000 after buying an additional 17,783 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Worthington Steel by 12.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 321,296 shares of the company’s stock valued at $10,927,000 after buying an additional 36,488 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Worthington Steel by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 267,935 shares of the company’s stock valued at $8,938,000 after buying an additional 6,433 shares during the period. Private Wealth Strategies L.L.C. acquired a new stake in shares of Worthington Steel in the second quarter valued at about $6,955,000. Finally, Millennium Management LLC increased its stake in shares of Worthington Steel by 135.3% in the second quarter. Millennium Management LLC now owns 189,968 shares of the company’s stock valued at $6,337,000 after buying an additional 109,224 shares during the period. 45.41% of the stock is currently owned by institutional investors.

Worthington Steel Trading Down 0.9 %

Shares of WS stock opened at $43.97 on Friday. The stock has a market cap of $2.23 billion and a price-to-earnings ratio of 17.73. The stock has a 50-day moving average of $39.36 and a 200-day moving average of $35.60. Worthington Steel, Inc. has a 1-year low of $22.74 and a 1-year high of $47.19.

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

Worthington Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 1.46%. Worthington Steel’s dividend payout ratio is currently 25.81%.

Worthington Steel Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Worthington Steel (NYSE:WS)

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