1 week Ago By ABMN Staff
Norges Bank acquired a new position in shares of Worthington Steel, Inc. ( NYSE:WS – Free Report ) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 70,200 shares of the company’s stock, valued at approximately $2,234,000.
Norges Bank owned about 0.14% of Worthington Steel as of its most recent SEC filing. Other large investors have also made changes to their positions in the company.
KLP Kapitalforvaltning AS purchased a new stake in Worthington Steel during the fourth quarter worth approximately $220,000. MML Investors Services LLC purchased a new stake in Worthington Steel during the 3rd quarter worth $239,000. Raymond James Financial Inc.
purchased a new stake in Worthington Steel during the 4th quarter worth $290,000. Handelsbanken Fonder AB increased its holdings 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 purchasing an additional 1,900 shares in the last quarter. Finally, Park National Corp OH purchased a new position in Worthington Steel in the fourth quarter valued at about $410,000. 45.
41% of the stock is owned by hedge funds and other institutional investors. Worthington Steel Stock Up 1.5 % WS opened at $23.
92 on Friday. The firm’s 50 day moving average is $26.47 and its 200-day moving average is $32.
97. Worthington Steel, Inc. has a 52-week low of $21.
30 and a 52-week high of $47.19. The firm has a market capitalization of $1.
21 billion, a P/E ratio of 8.39 and a beta of 2.03.
Worthington Steel Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.16 dividend.
This represents a $0.64 annualized dividend and a dividend yield of 2.68%.
The ex-dividend date of this dividend is Friday, June 13th. Worthington Steel’s dividend payout ratio (DPR) is 29.91%.
Analyst Ratings Changes Separately, KeyCorp decreased their target price on Worthington Steel from $41.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, March 7th.
Read Our Latest Stock Analysis on WS 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.
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