1 week Ago By ABMN Staff
KLP Kapitalforvaltning AS acquired a new position in Worthington Steel, Inc. ( NYSE:WS – Free Report ) during the fourth quarter, Holdings Channel.com reports.
The institutional investor acquired 6,900 shares of the company’s stock, valued at approximately $220,000. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WS. Quadrature Capital Ltd bought a new stake in shares of Worthington Steel during the third quarter worth $213,000.
MML Investors Services LLC bought a new stake in Worthington Steel during the 3rd quarter valued at about $239,000. Raymond James Financial Inc. bought a new stake in Worthington Steel during the 4th quarter valued at about $290,000.
Handelsbanken Fonder AB boosted its position in Worthington Steel by 23.7% in the 4th quarter. Handelsbanken Fonder AB now owns 9,916 shares of the company’s stock valued at $316,000 after buying an additional 1,900 shares during the period.
Finally, Park National Corp OH bought a new position in Worthington Steel in the 4th quarter worth about $410,000. 45.41% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In Separately, KeyCorp decreased their price target on shares of Worthington Steel from $41.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, March 7th.
Worthington Steel Trading Up 2.1 % Shares of WS stock opened at $23.42 on Tuesday.
Worthington Steel, Inc. has a twelve month low of $21.30 and a twelve month high of $47.
19. The stock has a fifty day simple moving average of $27.16 and a two-hundred day simple moving average of $33.
46. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 8.
22 and a beta of 2.03. Worthington Steel ( NYSE:WS – Get Free Report ) last released its quarterly earnings data on Wednesday, March 19th.
The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.
32). The business had revenue of $687.40 million during the quarter, compared to analysts’ expectations of $732.
00 million. Worthington Steel had a return on equity of 12.59% and a net margin of 4.
36%. The firm’s revenue was down 14.7% compared to the same quarter last year.
During the same period last year, the company earned $0.99 earnings per share. Research analysts predict that Worthington Steel, Inc.
will post 2.26 EPS for the current fiscal year. Worthington Steel Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th.
Stockholders of record on Friday, June 13th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, June 13th.
This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.73%.
Worthington Steel’s dividend payout ratio is presently 29.91%. Worthington Steel Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding WS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Worthington Steel, Inc. ( NYSE:WS – Free Report ). Receive News & Ratings for Worthington Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worthington Steel and related companies with MarketBeat.
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