WINTON GROUP Ltd Has $2.90 Million Holdings in Worthington Steel, Inc. $WS

WINTON GROUP Ltd lessened its stake in Worthington Steel, Inc. (NYSE:WS) by 50.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 83,773 shares of the company’s stock after selling 85,626 shares during the quarter. WINTON GROUP Ltd’s holdings in Worthington Steel were worth $2,900,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Hantz Financial Services Inc. boosted its holdings in shares of Worthington Steel by 56.4% in the fourth quarter. Hantz Financial Services Inc. now owns 910 shares of the company’s stock valued at $32,000 after buying an additional 328 shares during the period. MAI Capital Management boosted its holdings in shares of Worthington Steel by 39.8% in the third quarter. MAI Capital Management now owns 1,404 shares of the company’s stock valued at $43,000 after buying an additional 400 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Worthington Steel by 1.5% in the third quarter. Public Employees Retirement System of Ohio now owns 28,143 shares of the company’s stock valued at $855,000 after buying an additional 406 shares during the period. Cardinal Capital Management boosted its holdings in Worthington Steel by 2.2% during the fourth quarter. Cardinal Capital Management now owns 20,297 shares of the company’s stock worth $703,000 after purchasing an additional 443 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in Worthington Steel by 2.8% during the third quarter. Illinois Municipal Retirement Fund now owns 19,055 shares of the company’s stock worth $579,000 after purchasing an additional 525 shares during the last quarter. Institutional investors and hedge funds own 45.41% of the company’s stock.

Worthington Steel Stock Performance

Shares of WS opened at $41.52 on Monday. Worthington Steel, Inc. has a 12 month low of $24.23 and a 12 month high of $49.17. The firm has a fifty day simple moving average of $36.99 and a 200 day simple moving average of $37.56. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 24.42 and a beta of 2.22. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03.

Worthington Steel (NYSE:WS) last announced its earnings results on Thursday, March 26th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.20). Worthington Steel had a return on equity of 10.12% and a net margin of 3.64%.The business had revenue of $769.80 million for the quarter, compared to analyst estimates of $882.95 million. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. Research analysts forecast that Worthington Steel, Inc. will post 2.15 EPS for the current fiscal year.

Worthington Steel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, June 12th. Worthington Steel’s dividend payout ratio is 37.65%.

Insiders Place Their Bets

In other Worthington Steel news, CFO Timothy A. Adams sold 2,367 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $42.27, for a total transaction of $100,053.09. Following the sale, the chief financial officer directly owned 44,098 shares of the company’s stock, valued at approximately $1,864,022.46. This represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Clifford Larivey sold 11,105 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $40.09, for a total transaction of $445,199.45. Following the sale, the insider directly owned 64,308 shares in the company, valued at $2,578,107.72. This trade represents a 14.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 33,708 shares of company stock valued at $1,431,830. 2.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on WS shares. KeyCorp increased their target price on shares of Worthington Steel from $38.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Worthington Steel in a report on Monday, April 20th. Zacks Research upgraded shares of Worthington Steel from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Wall Street Zen cut shares of Worthington Steel from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $46.00.

About Worthington Steel

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.