Worthington Steel, Inc. (NYSE:WS) Stock Holdings Trimmed by Two Sigma Investments LP

Two Sigma Investments LP lowered its stake in Worthington Steel, Inc. (NYSE:WS - Free Report) by 31.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,010 shares of the company's stock after selling 29,262 shares during the quarter. Two Sigma Investments LP owned about 0.13% of Worthington Steel worth $2,037,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Anchor Investment Management LLC acquired a new stake in Worthington Steel during the 4th quarter valued at approximately $32,000. Tower Research Capital LLC TRC grew its stake 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 valued at $132,000 after purchasing an additional 1,883 shares in the last quarter. Voleon Capital Management LP acquired a new stake in Worthington Steel during the 4th quarter valued at approximately $213,000. KLP Kapitalforvaltning AS acquired a new stake in Worthington Steel during the 4th quarter valued at approximately $220,000. Finally, Bank of Montreal Can grew its stake in Worthington Steel by 6.0% during the 4th quarter. Bank of Montreal Can now owns 8,848 shares of the company's stock valued at $282,000 after purchasing an additional 497 shares in the last quarter. Institutional investors and hedge funds own 45.41% of the company's stock.

Worthington Steel Price Performance

Shares of NYSE WS traded down $0.92 during mid-day trading on Thursday, hitting $25.34. The company had a trading volume of 178,877 shares, compared to its average volume of 255,896. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 8.89 and a beta of 1.65. Worthington Steel, Inc. has a 12 month low of $21.30 and a 12 month high of $47.19. The firm's 50 day simple moving average is $25.37 and its two-hundred day simple moving average is $29.88.

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

Worthington Steel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 2.53%. The ex-dividend date of this dividend is Friday, June 13th. Worthington Steel's payout ratio is currently 29.91%.

Wall Street Analyst Weigh In

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

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.