Smithfield Trust Co Invests $2.16 Million in Worthington Steel, Inc. (NYSE:WS)

Smithfield Trust Co purchased a new position in Worthington Steel, Inc. (NYSE:WS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 76,716 shares of the company's stock, valued at approximately $2,155,000. Smithfield Trust Co owned approximately 0.15% of Worthington Steel at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. purchased a new stake in Worthington Steel in the fourth quarter worth approximately $8,339,000. Vontobel Holding Ltd. purchased a new stake in shares of Worthington Steel in the 4th quarter valued at $3,329,000. Allspring Global Investments Holdings LLC bought a new position in shares of Worthington Steel during the 4th quarter valued at $2,848,000. Fisher Asset Management LLC purchased a new position in Worthington Steel in the 4th quarter worth $2,560,000. Finally, Financial Counselors Inc. bought a new stake in Worthington Steel in the fourth quarter worth $2,356,000. Institutional investors own 45.41% of the company's stock.

Insider Activity

In other Worthington Steel news, Director Carl A. Nelson, Jr. sold 12,000 shares of the company's stock in a transaction on Friday, April 26th. The shares were sold at an average price of $30.89, for a total value of $370,680.00. Following the completion of the transaction, the director now directly owns 85,583 shares in the company, valued at approximately $2,643,658.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Worthington Steel Stock Down 0.4 %

NYSE:WS traded down $0.14 during midday trading on Friday, reaching $31.95. 92,696 shares of the stock traded hands, compared to its average volume of 173,438. The business has a fifty day moving average of $32.91. Worthington Steel, Inc. has a 12 month low of $21.00 and a 12 month high of $40.15.

Worthington Steel (NYSE:WS - Get Free Report) last released its quarterly earnings data on Thursday, March 21st. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.19. The firm had revenue of $805.80 million during the quarter, compared to analysts' expectations of $664.80 million. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, analysts anticipate 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. Stockholders of record on Friday, June 14th will be given a $0.16 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.00%.

Analysts Set New Price Targets

WS has been the topic of a number of recent research reports. KeyCorp raised their price objective on Worthington Steel from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, April 3rd. Seaport Res Ptn restated a "neutral" rating on shares of Worthington Steel in a research report on Monday, March 11th.

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.