Janus Henderson Group PLC Increases Position in Worthington Steel, Inc. (NYSE:WS)

Janus Henderson Group PLC grew its stake in Worthington Steel, Inc. (NYSE:WS - Free Report) by 12.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 105,509 shares of the company's stock after acquiring an additional 12,029 shares during the period. Janus Henderson Group PLC owned about 0.21% of Worthington Steel worth $3,358,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Anchor Investment Management LLC purchased a new stake in shares of Worthington Steel in the 4th quarter valued at approximately $32,000. Tower Research Capital LLC TRC raised its stake in shares of Worthington Steel by 82.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the company's stock valued at $132,000 after acquiring an additional 1,883 shares during the period. Voleon Capital Management LP purchased a new stake in shares of Worthington Steel in the 4th quarter valued at approximately $213,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Worthington Steel in the 4th quarter valued at approximately $220,000. Finally, Bank of Montreal Can raised its stake in shares of Worthington Steel by 6.0% in the 4th quarter. Bank of Montreal Can now owns 8,848 shares of the company's stock valued at $282,000 after acquiring an additional 497 shares during the period. 45.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, KeyCorp reduced their price target on shares of Worthington Steel from $41.00 to $34.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th.

Worthington Steel Stock Performance

Shares of Worthington Steel stock traded down $0.44 on Friday, reaching $25.66. The company had a trading volume of 222,511 shares, compared to its average volume of 252,046. The firm's 50 day moving average price is $25.50 and its two-hundred day moving average price is $30.85. The firm has a market cap of $1.30 billion, a PE ratio of 9.00 and a beta of 1.98. Worthington Steel, Inc. has a 52-week low of $21.30 and a 52-week high of $47.19.

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 the consensus estimate of $0.67 by ($0.32). Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. The business had revenue of $687.40 million for the quarter, compared to analysts' expectations of $732.00 million. During the same period in the previous year, the company earned $0.99 earnings per share. Worthington Steel's quarterly revenue was down 14.7% on a year-over-year basis. As a group, sell-side analysts predict that Worthington Steel, Inc. will post 2.26 EPS for the current year.

Worthington Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.49%. The ex-dividend date is Friday, June 13th. Worthington Steel's payout ratio is currently 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.