2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. increased its stake in Worthington Steel, Inc. ( NYSE:WS – Free Report ) by 5.
2% in the fourth quarter, Holdings Channel reports. The firm owned 79,306 shares of the company’s stock after purchasing an additional 3,952 shares during the period. Russell Investments Group Ltd.
’s holdings in Worthington Steel were worth $2,524,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds have also bought and sold shares of WS. Jane Street Group LLC lifted its holdings in shares of Worthington Steel by 44.
5% in the 3rd quarter. Jane Street Group LLC now owns 68,744 shares of the company’s stock valued at $2,338,000 after buying an additional 21,172 shares during the period. Geode Capital Management LLC increased its holdings in Worthington Steel by 5.
7% in the 3rd quarter. Geode Capital Management LLC now owns 771,371 shares of the company’s stock worth $26,240,000 after acquiring an additional 41,925 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Worthington Steel during the fourth quarter worth $649,000.
JPMorgan Chase & Co. lifted its holdings in Worthington Steel by 46.0% during the third quarter.
JPMorgan Chase & Co. now owns 85,141 shares of the company’s stock valued at $2,896,000 after purchasing an additional 26,809 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of 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 during the period. Institutional investors and hedge funds own 45.
41% of the company’s stock. Wall Street Analysts Forecast Growth Separately, KeyCorp decreased their price target on shares of Worthington Steel from $41.00 to $34.
00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Worthington Steel Stock Performance Shares of WS opened at $24.22 on Friday.
The stock has a 50 day moving average price of $26.13 and a 200 day moving average price of $32.73.
Worthington Steel, Inc. has a one year low of $21.30 and a one year high of $47.
19. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 8.
50 and a beta of 2.03. Worthington Steel ( NYSE:WS – Get Free Report ) last released its earnings results on Wednesday, March 19th.
The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.
32). The business had revenue of $687.40 million for the quarter, compared to analysts’ expectations of $732.
00 million. Worthington Steel had a return on equity of 12.59% and a net margin of 4.
36%. Worthington Steel’s quarterly revenue was down 14.7% compared to the same quarter last year.
During the same period in the previous year, the company earned $0.99 EPS. On average, analysts predict that Worthington Steel, Inc.
will post 2.26 earnings per share for the current year. Worthington Steel Dividend Announcement The business 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. The ex-dividend date of this dividend is Friday, June 13th.
This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.64%.
Worthington Steel’s dividend payout ratio (DPR) is presently 29.91%. Worthington Steel Company 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. Read More 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 ). Receive News & Ratings for Worthington Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worthington Steel and related companies with MarketBeat.
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