Worthington Steel, Inc. (NYSE:WS) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. decreased its holdings in shares of Worthington Steel, Inc. (NYSE:WS) by 60.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,529 shares of the company’s stock after selling 12,794 shares during the period. Brown Brothers Harriman & Co.’s holdings in Worthington Steel were worth $290,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Worthington Steel by 30.1% during the first quarter. Vanguard Group Inc. now owns 5,246,781 shares of the company’s stock worth $188,097,000 after buying an additional 1,215,248 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Worthington Steel by 7.9% during the third quarter. Principal Financial Group Inc. now owns 163,757 shares of the company’s stock worth $5,569,000 after buying an additional 11,976 shares during the period. Virtu Financial LLC acquired a new stake in shares of Worthington Steel during the first quarter worth about $694,000. WINTON GROUP Ltd lifted its position in Worthington Steel by 54.5% in the second quarter. WINTON GROUP Ltd now owns 141,024 shares of the company’s stock valued at $4,705,000 after purchasing an additional 49,725 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Worthington Steel in the first quarter valued at about $37,000. Institutional investors and hedge funds 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 company has a market cap of $2.27 billion and a P/E ratio of 18.02. Worthington Steel, Inc. has a 52 week low of $21.00 and a 52 week high of $47.19. The company has a 50-day moving average price of $38.06 and a 200 day moving average price of $35.08.

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

Worthington Steel Dividend Announcement

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 given a $0.16 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a yield of 1.43%. Worthington Steel’s payout ratio is currently 25.81%.

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.