Financial Counselors Inc. Makes New $2.36 Million Investment in Worthington Steel, Inc. (NYSE:WS)

Financial Counselors Inc. bought a new position in Worthington Steel, Inc. (NYSE:WS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 83,856 shares of the company's stock, valued at approximately $2,356,000. Financial Counselors Inc. owned approximately 0.17% of Worthington Steel at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TIAA Trust National Association purchased a new position in shares of Worthington Steel in the 4th quarter worth $824,000. Denali Advisors LLC purchased a new position in Worthington Steel in the fourth quarter worth about $1,682,000. AlphaMark Advisors LLC bought a new stake in Worthington Steel during the fourth quarter worth approximately $114,000. Venture Visionary Partners LLC bought a new stake in Worthington Steel during the fourth quarter worth approximately $340,000. Finally, IFG Advisory LLC bought a new stake in shares of Worthington Steel in the 4th quarter valued at approximately $337,000. 45.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on WS. Seaport Res Ptn reissued a "neutral" rating on shares of Worthington Steel in a research report on Monday, March 11th. KeyCorp boosted their price objective on shares of Worthington Steel from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, April 3rd.

Worthington Steel Price Performance

Worthington Steel stock traded down $0.37 during midday trading on Friday, reaching $34.81. The stock had a trading volume of 121,545 shares, compared to its average volume of 241,519. Worthington Steel, Inc. has a 52-week low of $21.00 and a 52-week high of $40.15. The stock has a fifty day simple moving average of $32.39.

Worthington Steel (NYSE:WS - Get Free Report) last issued its quarterly earnings results on Thursday, March 21st. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.19. The business had revenue of $805.80 million during the quarter, compared to analysts' expectations of $664.80 million. The company's revenue for the quarter was up 3.2% compared to the same quarter last year. Research analysts anticipate that Worthington Steel, Inc. will post 2.92 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 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Friday, June 14th.

About Worthington Steel

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.