1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in shares of Worthington Steel, Inc. ( NYSE:WS – Free Report ) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,900 shares of the company’s stock, valued at approximately $220,000.
A number of other large investors have also recently made changes to their positions in the stock. Pacer Advisors Inc. bought a new stake in shares of Worthington Steel in the fourth quarter worth $41,741,000.
Bank of New York Mellon Corp boosted its position in Worthington Steel by 44.6% in the fourth quarter. Bank of New York Mellon Corp now owns 359,035 shares of the company’s stock worth $11,424,000 after purchasing an additional 110,662 shares during the last quarter.
Fisher Asset Management LLC grew its stake in shares of Worthington Steel by 185.4% during the 4th quarter. Fisher Asset Management LLC now owns 133,543 shares of the company’s stock valued at $4,249,000 after purchasing an additional 86,753 shares during the period.
Janus Henderson Group PLC increased its position in shares of Worthington Steel by 546.5% during the 3rd quarter. Janus Henderson Group PLC now owns 93,480 shares of the company’s stock valued at $3,179,000 after purchasing an additional 79,021 shares during the last quarter.
Finally, Jackson Creek Investment Advisors LLC bought a new position in shares of Worthington Steel in the 4th quarter worth approximately $1,444,000. 45.41% of the stock is currently owned by institutional investors.
Analyst Ratings Changes Separately, KeyCorp cut their target price on shares of Worthington Steel from $41.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, March 7th.
Worthington Steel Stock Up 2.1 % WS stock opened at $23.42 on Tuesday.
The business’s 50-day moving average price is $27.16 and its 200-day moving average price is $33.46.
The stock has a market cap of $1.19 billion, a P/E ratio of 8.22 and a beta of 2.
03. Worthington Steel, Inc. has a twelve month low of $21.
30 and a twelve month high of $47.19. Worthington Steel ( NYSE:WS – Get Free Report ) last issued its quarterly earnings results on Wednesday, March 19th.
The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.
32). Worthington Steel had a return on equity of 12.59% and a net margin of 4.
36%. The business had revenue of $687.40 million during the quarter, compared to analysts’ expectations of $732.
00 million. During the same quarter in the previous year, the company posted $0.99 EPS.
The company’s quarterly revenue was down 14.7% on a year-over-year basis. On average, equities research analysts expect that Worthington Steel, Inc.
will post 2.26 earnings per share for the current fiscal year. Worthington Steel Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th.
Investors of record on Friday, June 13th will be given 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 29.91%. Worthington Steel Company 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 Five stocks we like better than Worthington Steel What Makes a Stock a Good Dividend Stock? Options Activity Points to More Volatility for Palantir Stock 3 Warren Buffett Stocks to Buy Now NVIDIA Stock: Oversold, Undervalued — How Low Can It Go? How is Compound Interest Calculated? MicroStrategy Sees Insider Buy-Sell Action in Q1 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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