New York State Teachers Retirement System acquired a new stake in shares of Worthington Steel, Inc. (NYSE:WS – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 60,707 shares of the company’s stock, valued at approximately $1,706,000.
A number of other hedge funds have also made changes to their positions in WS. SG Americas Securities LLC acquired a new position in shares of Worthington Steel during the 4th quarter valued at about $101,000. Salem Investment Counselors Inc. acquired a new position in shares of Worthington Steel during the 4th quarter valued at about $76,000. IFG Advisory LLC acquired a new position in shares of Worthington Steel during the 4th quarter valued at about $337,000. Ritholtz Wealth Management acquired a new position in shares of Worthington Steel during the 4th quarter valued at about $294,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Worthington Steel during the 4th quarter valued at about $526,000. Institutional investors and hedge funds own 45.41% of the company’s stock.
Worthington Steel Stock Performance
WS opened at $32.87 on Wednesday. The firm has a 50 day simple moving average of $32.50. Worthington Steel, Inc. has a 12-month low of $21.00 and a 12-month high of $40.15.
Worthington Steel Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Friday, June 14th.
Analysts Set New Price Targets
WS has been the topic of a number of analyst reports. Seaport Res Ptn reissued a “neutral” rating on shares of Worthington Steel in a report on Monday, March 11th. KeyCorp increased their price objective on Worthington Steel from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd.
Read Our Latest Research Report on Worthington Steel
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.
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