Worthington Steel, Inc. (NYSE:WS) Shares Bought by Cardinal Capital Management

Cardinal Capital Management raised its stake in Worthington Steel, Inc. (NYSE:WS) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,852 shares of the company’s stock after purchasing an additional 1,410 shares during the period. Cardinal Capital Management’s holdings in Worthington Steel were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. New York State Teachers Retirement System raised its position in Worthington Steel by 0.5% in the 3rd quarter. New York State Teachers Retirement System now owns 64,487 shares of the company’s stock valued at $2,193,000 after purchasing an additional 305 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Worthington Steel by 1.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 28,304 shares of the company’s stock valued at $963,000 after purchasing an additional 350 shares in the last quarter. Amalgamated Bank raised its position in Worthington Steel by 8.9% in 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. Coldstream Capital Management Inc. raised its position in Worthington Steel by 3.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 21,935 shares of the company’s stock valued at $747,000 after purchasing an additional 833 shares in the last quarter. Finally, De Lisle Partners LLP raised its position in Worthington Steel by 1.9% in the 3rd quarter. De Lisle Partners LLP now owns 49,194 shares of the company’s stock valued at $1,674,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 45.41% of the company’s stock.

Worthington Steel Stock Performance

WS opened at $29.67 on Wednesday. Worthington Steel, Inc. has a one year low of $27.33 and a one year high of $47.19. The company has a market cap of $1.51 billion, a P/E ratio of 10.41 and a beta of 2.59. The business’s 50-day simple moving average is $31.57 and its 200-day simple moving average is $35.16.

Worthington Steel (NYSE:WS) last released its quarterly earnings data on Wednesday, December 18th. The company reported $0.19 EPS 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 during the quarter, compared to analysts’ expectations of $740.40 million. During the same quarter in the previous year, the company posted $0.11 EPS. The company’s revenue was down 8.5% compared to the same quarter last year. As a group, analysts predict that Worthington Steel, Inc. will post 2.26 earnings per share for the current fiscal year.

Worthington Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.16%. Worthington Steel’s payout ratio is currently 22.46%.

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.