Worthington Steel (NYSE:WS) Sets New 12-Month Low – Should You Sell?

Shares of Worthington Steel, Inc. (NYSE:WS) reached a new 52-week low on Thursday . The company traded as low as $27.20 and last traded at $27.59, with a volume of 42078 shares. The stock had previously closed at $27.97.

Worthington Steel Price Performance

The firm has a 50 day moving average of $30.01 and a 200-day moving average of $34.93. The stock has a market capitalization of $1.38 billion, a P/E ratio of 9.54 and a beta of 2.60.

Worthington Steel (NYSE:WS) last released its quarterly earnings data on Wednesday, December 18th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). The firm had revenue of $739.00 million for the quarter, compared to the consensus estimate of $740.40 million. Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. As a group, equities analysts expect that Worthington Steel, Inc. will post 2.26 earnings per share for the current year.

Worthington Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, March 14th. Worthington Steel’s payout ratio is 22.46%.

Institutional Trading of Worthington Steel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Anchor Investment Management LLC bought a new position in Worthington Steel during the fourth quarter worth about $32,000. Tower Research Capital LLC TRC boosted its stake in Worthington Steel by 82.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the company’s stock valued at $132,000 after buying an additional 1,883 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Worthington Steel in the third quarter valued at $213,000. Voleon Capital Management LP acquired a new position in Worthington Steel during the fourth quarter worth $213,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Worthington Steel during the fourth quarter worth $220,000. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Company 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.