DekaBank Deutsche Girozentrale Trims Position in Worthington Steel, Inc. (NYSE:WS)

DekaBank Deutsche Girozentrale reduced its stake in shares of Worthington Steel, Inc. (NYSE:WS - Free Report) by 92.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,046 shares of the company's stock after selling 13,545 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Worthington Steel were worth $26,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WS. GAMMA Investing LLC boosted its position in shares of Worthington Steel by 1,317.2% during the first quarter. GAMMA Investing LLC now owns 19,656 shares of the company's stock valued at $498,000 after buying an additional 18,269 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Worthington Steel by 10,559.8% during the first quarter. Harbor Capital Advisors Inc. now owns 9,807 shares of the company's stock worth $248,000 after purchasing an additional 9,715 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Worthington Steel by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 330,880 shares of the company's stock valued at $10,529,000 after acquiring an additional 9,584 shares during the period. JPMorgan Chase & Co. boosted its holdings in Worthington Steel by 51.3% in the fourth quarter. JPMorgan Chase & Co. now owns 128,830 shares of the company's stock valued at $4,099,000 after purchasing an additional 43,689 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Worthington Steel by 67.3% during the 4th quarter. HighTower Advisors LLC now owns 30,194 shares of the company's stock worth $961,000 after acquiring an additional 12,149 shares in the last quarter. 45.41% of the stock is owned by institutional investors.

Worthington Steel Trading Down 1.2%

WS stock traded down $0.39 during mid-day trading on Friday, reaching $31.86. The company's stock had a trading volume of 102,939 shares, compared to its average volume of 258,685. The stock has a market cap of $1.62 billion, a PE ratio of 14.63 and a beta of 1.87. Worthington Steel, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $47.19. The company's 50 day moving average is $27.85 and its two-hundred day moving average is $27.44.

Worthington Steel (NYSE:WS - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.22. The business had revenue of $832.90 million during the quarter, compared to the consensus estimate of $800.45 million. Worthington Steel had a net margin of 3.58% and a return on equity of 9.43%. The business's revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 EPS. On average, analysts forecast that Worthington Steel, Inc. will post 2.26 earnings per share for the current fiscal year.

Worthington Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, September 12th. Worthington Steel's dividend payout ratio is presently 29.36%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Worthington Steel from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th.

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.