Teacher Retirement System of Texas Sells 66,189 Shares of Worthington Steel, Inc. (NYSE:WS)

Teacher Retirement System of Texas cut its holdings in Worthington Steel, Inc. (NYSE:WS - Free Report) by 46.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 77,820 shares of the company's stock after selling 66,189 shares during the period. Teacher Retirement System of Texas owned 0.15% of Worthington Steel worth $1,971,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new stake in shares of Worthington Steel during the 4th quarter worth $32,000. Tower Research Capital LLC TRC boosted its position in Worthington Steel by 82.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the company's stock worth $132,000 after purchasing an additional 1,883 shares during the period. Voleon Capital Management LP purchased a new position in Worthington Steel in the 4th quarter valued at about $213,000. KLP Kapitalforvaltning AS purchased a new position in Worthington Steel in the 4th quarter valued at about $220,000. Finally, Harbor Capital Advisors Inc. boosted its position in Worthington Steel by 10,559.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 9,807 shares of the company's stock valued at $248,000 after buying an additional 9,715 shares during the last quarter. 45.41% of the stock is currently owned by institutional investors and hedge funds.

Worthington Steel Stock Performance

Shares of NYSE:WS traded down $0.59 during trading hours on Monday, hitting $32.26. The stock had a trading volume of 180,628 shares, compared to its average volume of 258,873. The stock's fifty day simple moving average is $27.38 and its 200 day simple moving average is $27.37. Worthington Steel, Inc. has a 1-year low of $21.30 and a 1-year high of $47.19. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 14.80 and a beta of 1.87.

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

Worthington Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors 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 1.98%. The ex-dividend date is Friday, September 12th. Worthington Steel's dividend payout ratio is 29.36%.

Analysts Set New Price Targets

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

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.