Dimensional Fund Advisors LP Has $70.03 Million Stock Holdings in Worthington Steel, Inc. (NYSE:WS)

Dimensional Fund Advisors LP lessened its holdings in Worthington Steel, Inc. (NYSE:WS - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,200,801 shares of the company's stock after selling 188,118 shares during the quarter. Dimensional Fund Advisors LP owned 4.34% of Worthington Steel worth $70,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Worthington Steel by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 69,920 shares of the company's stock worth $2,225,000 after purchasing an additional 434 shares during the last quarter. Bank of Montreal Can grew its holdings in Worthington Steel by 6.0% during the 4th quarter. Bank of Montreal Can now owns 8,848 shares of the company's stock worth $282,000 after acquiring an additional 497 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Worthington Steel by 2.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 29,073 shares of the company's stock valued at $925,000 after acquiring an additional 769 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Worthington Steel by 5.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 18,939 shares of the company's stock valued at $603,000 after acquiring an additional 904 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Worthington Steel by 8.0% during the fourth quarter. Sterling Capital Management LLC now owns 12,573 shares of the company's stock valued at $400,000 after acquiring an additional 930 shares during the last quarter. Institutional investors own 45.41% of the company's stock.

Analysts Set New Price Targets

Separately, KeyCorp decreased their price objective on Worthington Steel from $41.00 to $34.00 and set an "overweight" rating for the company in a report on Friday, March 7th.

Worthington Steel Trading Up 0.2 %

WS stock traded up $0.06 during trading on Tuesday, hitting $26.24. The company had a trading volume of 10,840 shares, compared to its average volume of 248,605. Worthington Steel, Inc. has a one year low of $21.30 and a one year high of $47.19. The business has a 50-day moving average of $25.35 and a 200-day moving average of $32.00. The stock has a market cap of $1.33 billion, a PE ratio of 9.24 and a beta of 1.98.

Worthington Steel (NYSE:WS - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.32). Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. The firm had revenue of $687.40 million for the quarter, compared to the consensus estimate of $732.00 million. During the same period in the prior year, the business earned $0.99 EPS. Worthington Steel's quarterly revenue was down 14.7% on a year-over-year basis. Research analysts forecast that Worthington Steel, Inc. will post 2.26 EPS for the current year.

Worthington Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, June 13th. Worthington Steel's dividend payout ratio (DPR) is presently 29.91%.

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.