Jefferies Financial Group Inc. Makes New Investment in Worthington Steel, Inc. (NYSE:WS)

Jefferies Financial Group Inc. purchased a new stake in Worthington Steel, Inc. (NYSE:WS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 48,240 shares of the company's stock, valued at approximately $1,535,000. Jefferies Financial Group Inc. owned 0.10% of Worthington Steel as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Anchor Investment Management LLC acquired a new stake in Worthington Steel during the 4th quarter worth approximately $32,000. Tower Research Capital LLC TRC boosted its position in shares of Worthington Steel by 82.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the company's stock valued at $132,000 after acquiring an additional 1,883 shares during the period. Voleon Capital Management LP acquired a new position in shares of Worthington Steel in the fourth quarter valued at about $213,000. KLP Kapitalforvaltning AS bought a new position in Worthington Steel during the fourth quarter worth about $220,000. Finally, Bank of Montreal Can raised its stake in Worthington Steel by 6.0% in the 4th quarter. Bank of Montreal Can now owns 8,848 shares of the company's stock worth $282,000 after purchasing an additional 497 shares in the last quarter. 45.41% of the stock is currently owned by institutional investors and hedge funds.

Worthington Steel Stock Performance

Shares of NYSE WS traded down $0.20 during mid-day trading on Tuesday, reaching $27.04. The company had a trading volume of 27,212 shares, compared to its average volume of 249,957. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 9.50 and a beta of 1.98. The business's 50-day simple moving average is $25.49 and its 200 day simple moving average is $31.29. Worthington Steel, Inc. has a one year low of $21.30 and a one year high of $47.19.

Worthington Steel (NYSE:WS - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.32). Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. The firm had revenue of $687.40 million during the quarter, compared to the consensus estimate of $732.00 million. During the same period in the prior year, the business earned $0.99 earnings per share. Worthington Steel's quarterly revenue was down 14.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Worthington Steel, Inc. will post 2.26 EPS for the current year.

Worthington Steel Announces Dividend

The firm also recently disclosed 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 is Friday, June 13th. This represents a $0.64 annualized dividend and a dividend yield of 2.37%. Worthington Steel's dividend payout ratio is currently 29.91%.

Analyst Upgrades and Downgrades

Separately, KeyCorp cut their price target on 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 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.