Nisa Investment Advisors LLC purchased a new position in Worthington Steel, Inc. (NYSE:WS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,064 shares of the company's stock, valued at approximately $929,000. Nisa Investment Advisors LLC owned approximately 0.07% of Worthington Steel as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also added to or reduced their stakes in WS. Clean Yield Group bought a new position in shares of Worthington Steel in the fourth quarter valued at approximately $34,000. Salem Investment Counselors Inc. bought a new position in shares of Worthington Steel in the fourth quarter valued at approximately $76,000. SG Americas Securities LLC bought a new position in shares of Worthington Steel in the fourth quarter valued at approximately $101,000. AlphaMark Advisors LLC bought a new position in shares of Worthington Steel in the fourth quarter valued at approximately $114,000. Finally, Arizona State Retirement System bought a new position in shares of Worthington Steel in the fourth quarter valued at approximately $255,000. Institutional investors own 45.41% of the company's stock.
Worthington Steel Price Performance
Shares of WS remained flat at $32.87 on Tuesday. The company had a trading volume of 237,159 shares, compared to its average volume of 241,915. The stock has a 50-day simple moving average of $32.45. Worthington Steel, Inc. has a one year low of $21.00 and a one year high of $40.15.
Worthington Steel (NYSE:WS - Get Free Report) last issued its quarterly earnings results on Thursday, March 21st. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.19. The business had revenue of $805.80 million for the quarter, compared to analysts' expectations of $664.80 million. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Worthington Steel, Inc. will post 2.92 EPS for the current year.
Worthington Steel Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, June 14th.
Analyst Ratings Changes
A number of research analysts have recently weighed in on WS shares. KeyCorp raised their target price on Worthington Steel from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, April 3rd. Seaport Res Ptn reaffirmed a "neutral" rating on shares of Worthington Steel in a research report on Monday, March 11th.
Read Our Latest Report on WS
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.
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