Dynamic Technology Lab Private Ltd Buys 15,540 Shares of Worthington Steel, Inc. (NYSE:WS)

Dynamic Technology Lab Private Ltd lifted its stake in Worthington Steel, Inc. (NYSE:WS) by 195.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,485 shares of the company’s stock after purchasing an additional 15,540 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Worthington Steel were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. CWM LLC boosted its stake in Worthington Steel by 845.4% during the 2nd quarter. CWM LLC now owns 1,021 shares of the company’s stock valued at $34,000 after purchasing an additional 913 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Worthington Steel during the first quarter valued at $37,000. GAMMA Investing LLC boosted its position in shares of Worthington Steel by 153.0% during the third quarter. GAMMA Investing LLC now owns 1,255 shares of the company’s stock valued at $43,000 after buying an additional 759 shares during the last quarter. nVerses Capital LLC bought a new stake in Worthington Steel in the 3rd quarter worth about $71,000. Finally, Eastern Bank purchased a new position in Worthington Steel in the 3rd quarter worth about $99,000. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Stock Up 1.4 %

Shares of NYSE WS opened at $44.69 on Thursday. The firm’s 50-day moving average price is $38.06 and its 200-day moving average price is $35.08. Worthington Steel, Inc. has a 52-week low of $21.00 and a 52-week high of $47.19. The company has a market cap of $2.27 billion and a PE ratio of 18.02.

Worthington Steel (NYSE:WS) last issued its quarterly earnings data on Wednesday, September 25th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Worthington Steel had a net margin of 3.71% and a return on equity of 12.14%. The company had revenue of $834.00 million for the quarter, compared to the consensus estimate of $748.40 million. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. As a group, equities research analysts anticipate that Worthington Steel, Inc. will post 2.95 EPS for the current fiscal year.

Worthington Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, December 13th. Worthington Steel’s payout ratio is currently 25.81%.

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.