2 weeks Ago By Defense World Staff
Alliancebernstein L.P. decreased its position in shares of Worthington Steel, Inc.
(NYSE:WS – Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,586 shares of the company’s stock after selling 3,320 shares during the period.
Alliancebernstein L.P. owned 0.
25% of Worthington Steel worth $3,964,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc.
acquired a new stake in shares of Worthington Steel during the 4th quarter valued at about $41,741,000. Vanguard Group Inc. lifted its stake in Worthington Steel by 14.
0% in the fourth quarter. Vanguard Group Inc. now owns 4,467,428 shares of the company’s stock valued at $142,154,000 after acquiring an additional 550,181 shares during the last quarter.
Bank of New York Mellon Corp grew its position in Worthington Steel by 44.6% in the fourth quarter. Bank of New York Mellon Corp now owns 359,035 shares of the company’s stock worth $11,424,000 after acquiring an additional 110,662 shares in the last quarter.
Fisher Asset Management LLC increased its stake in shares of Worthington Steel by 185.4% during the 4th quarter. Fisher Asset Management LLC now owns 133,543 shares of the company’s stock worth $4,249,000 after purchasing an additional 86,753 shares during the last quarter.
Finally, Norges Bank bought a new position in shares of Worthington Steel during the 4th quarter valued at $2,234,000. Hedge funds and other institutional investors own 45.41% of the company’s stock.
Worthington Steel Stock PerformanceShares of WS stock opened at $23.92 on Monday. The stock’s 50 day simple moving average is $26.
47 and its 200 day simple moving average is $32.98. Worthington Steel, Inc.
has a twelve month low of $21.30 and a twelve month high of $47.19.
The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 8.39 and a beta of 2.
03. Worthington Steel (NYSE:WS – Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.
35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.32).
Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%.
The firm had revenue of $687.40 million during the quarter, compared to analyst estimates of $732.00 million.
During the same quarter in the previous year, the firm posted $0.99 earnings per share. Worthington Steel’s quarterly revenue was down 14.
7% compared to the same quarter last year. On average, analysts forecast that Worthington Steel, Inc. will post 2.
26 EPS for the current fiscal year. Worthington Steel Announces DividendThe firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.
16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.
68%. The ex-dividend date is Friday, June 13th. Worthington Steel’s dividend payout ratio is currently 29.
91%. Wall Street Analyst Weigh InSeparately, KeyCorp decreased their price objective on shares of Worthington Steel from $41.00 to $34.
00 and set an “overweight” rating for the company in a report on Friday, March 7th.Get Our Latest Stock Report on WSWorthington Steel 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.Featured StoriesFive stocks we like better than Worthington SteelWith Risk Tolerance, One Size Does Not Fit AllIs McDonald’s Stock Serving a Value Meal to Investors? What is a Death Cross in Stocks?Walgreens Comeback? Private Equity Circling for a BuyoutWhat is the Nasdaq? Complete Overview with HistoryCoca-Cola Stock Looks Refreshing After the Relief Rally Want to see what other hedge funds are holding WS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Worthington Steel, Inc.
(NYSE:WS – Free Report)..
