PDS Planning Inc Sells 1,247 Shares of Worthington Steel, Inc. (NYSE:WS)

PDS Planning Inc cut its holdings in shares of Worthington Steel, Inc. (NYSE:WS) by 9.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,404 shares of the company’s stock after selling 1,247 shares during the quarter. PDS Planning Inc’s holdings in Worthington Steel were worth $388,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp acquired a new position in Worthington Steel in the 1st quarter valued at $2,010,000. BNP Paribas Financial Markets bought a new position in shares of Worthington Steel during the first quarter worth about $723,000. Janney Montgomery Scott LLC lifted its position in shares of Worthington Steel by 11.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 31,103 shares of the company’s stock worth $1,115,000 after purchasing an additional 3,115 shares during the period. Texas Permanent School Fund Corp boosted its position in Worthington Steel by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 26,662 shares of the company’s stock valued at $956,000 after acquiring an additional 345 shares during the last quarter. Finally, Gallacher Capital Management LLC bought a new stake in shares of Worthington Steel during the 1st quarter valued at about $478,000. Institutional investors and hedge funds own 45.41% of the company’s stock.

Worthington Steel Stock Up 1.5 %

NYSE:WS opened at $38.17 on Tuesday. The firm has a market capitalization of $1.94 billion and a P/E ratio of 15.39. Worthington Steel, Inc. has a twelve month low of $21.00 and a twelve month high of $41.01. The company has a fifty day moving average of $34.42 and a 200-day moving average of $33.68.

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

Worthington Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, December 13th. Worthington Steel’s payout ratio is presently 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.