2 weeks Ago By Defense World Staff
Cerity Partners LLC trimmed its position in Worthington Steel, Inc. (NYSE:WS – Free Report) by 17.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 7,437 shares of the company’s stock after selling 1,608 shares during the quarter. Cerity Partners LLC’s holdings in Worthington Steel were worth $240,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WS.
KLP Kapitalforvaltning AS purchased a new stake in Worthington Steel during the 4th quarter worth approximately $220,000. MML Investors Services LLC acquired a new stake in shares of Worthington Steel during the 3rd quarter worth about $239,000. Raymond James Financial Inc.
purchased a new stake in Worthington Steel during the fourth quarter worth approximately $290,000. Handelsbanken Fonder AB boosted its holdings in Worthington Steel by 23.7% in the fourth quarter.
Handelsbanken Fonder AB now owns 9,916 shares of the company’s stock valued at $316,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Park National Corp OH purchased a new position in shares of Worthington Steel in the 4th quarter valued at $410,000. Hedge funds and other institutional investors own 45.
41% of the company’s stock. Worthington Steel Stock Up 3.2 %NYSE WS opened at $25.
74 on Friday. The firm has a 50-day moving average price of $25.72 and a 200 day moving average price of $32.
43. The stock has a market capitalization of $1.31 billion, a P/E ratio of 9.
03 and a beta of 2.03. Worthington Steel, Inc.
has a 52-week low of $21.30 and a 52-week high of $47.19.
Worthington Steel (NYSE:WS – Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.
67 by ($0.32). Worthington Steel had a net margin of 4.
36% and a return on equity of 12.59%. The firm had revenue of $687.
40 million during the quarter, compared to analysts’ expectations of $732.00 million. During the same period in the previous year, the business earned $0.
99 earnings per share. The business’s revenue for the quarter was down 14.7% on a year-over-year basis.
On average, equities research analysts expect that Worthington Steel, Inc. will post 2.26 earnings per share for the current fiscal year.
Worthington Steel Dividend AnnouncementThe business also recently disclosed 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.
The ex-dividend date is Friday, June 13th. This represents a $0.64 annualized dividend and a dividend yield of 2.
49%. Worthington Steel’s dividend payout ratio is currently 29.91%.
Analysts Set New Price TargetsSeparately, KeyCorp cut their target price on shares of Worthington Steel from $41.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, March 7th.
Get Our Latest Analysis on Worthington SteelWorthington 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.
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