New York State Teachers Retirement System Takes Position in Worthington Steel, Inc. (NYSE:WS)

New York State Teachers Retirement System purchased a new stake in Worthington Steel, Inc. (NYSE:WS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 60,707 shares of the company's stock, valued at approximately $1,706,000. New York State Teachers Retirement System owned approximately 0.12% of Worthington Steel as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in WS. TIAA Trust National Association bought a new position in shares of Worthington Steel during the 4th quarter worth approximately $824,000. Denali Advisors LLC bought a new stake in shares of Worthington Steel in the 4th quarter worth approximately $1,682,000. AlphaMark Advisors LLC bought a new stake in shares of Worthington Steel in the 4th quarter worth approximately $114,000. Venture Visionary Partners LLC bought a new stake in shares of Worthington Steel in the 4th quarter worth approximately $340,000. Finally, IFG Advisory LLC purchased a new position in Worthington Steel in the 4th quarter valued at approximately $337,000. Institutional investors own 45.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WS shares. KeyCorp boosted their price target 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. Seaport Res Ptn reiterated a "neutral" rating on shares of Worthington Steel in a research report on Monday, March 11th.

Worthington Steel Stock Performance

NYSE:WS traded down $0.18 during midday trading on Wednesday, hitting $32.69. The company had a trading volume of 151,938 shares, compared to its average volume of 240,698. 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 $32.55.

Worthington Steel (NYSE:WS - Get Free Report) last announced its earnings results on Thursday, March 21st. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.19. The company had revenue of $805.80 million during the quarter, compared to analysts' expectations of $664.80 million. The company's revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts forecast that Worthington Steel, Inc. will post 2.92 EPS for the current fiscal year.

Worthington Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, June 14th.

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.