Monument Capital Management Purchases New Stake in Worthington Steel, Inc. (NYSE:WS)

Monument Capital Management bought a new stake in shares of Worthington Steel, Inc. (NYSE:WS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 35,930 shares of the company's stock, valued at approximately $1,010,000. Monument Capital Management owned 0.07% of Worthington Steel as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WS. Key Financial Inc acquired a new position in Worthington Steel during the fourth quarter worth $28,000. Clean Yield Group acquired a new position in Worthington Steel during the fourth quarter worth $34,000. Salem Investment Counselors Inc. acquired a new position in Worthington Steel during the fourth quarter worth $76,000. Cambridge Trust Co. acquired a new position in Worthington Steel during the fourth quarter worth $82,000. Finally, SG Americas Securities LLC acquired a new position in Worthington Steel during the fourth quarter worth $101,000. 45.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Seaport Res Ptn restated a "neutral" rating on shares of Worthington Steel in a report on Monday, March 11th. KeyCorp upped their price target on shares of Worthington Steel from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, April 3rd.

Worthington Steel Stock Up 0.0 %

NYSE:WS traded up $0.01 during mid-day trading on Monday, hitting $32.91. The company's stock had a trading volume of 161,158 shares, compared to its average volume of 239,020. Worthington Steel, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $40.15. The company has a fifty day simple moving average of $32.59.

Worthington Steel (NYSE:WS - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $805.80 million for the quarter, compared to analyst estimates of $664.80 million. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. On average, research analysts expect that Worthington Steel, Inc. will post 2.92 EPS for the current year.

Worthington Steel Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, June 14th. This represents a $0.64 dividend on an annualized basis and a yield of 1.94%.

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.