118,473 Shares in Worthington Steel, Inc. (NYSE:WS) Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. acquired a new stake in Worthington Steel, Inc. (NYSE:WS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 118,473 shares of the company’s stock, valued at approximately $3,329,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Worthington Steel during the 4th quarter valued at approximately $2,848,000. Financial Counselors Inc. acquired a new position in Worthington Steel during the fourth quarter worth $2,356,000. New York State Teachers Retirement System purchased a new position in Worthington Steel during the fourth quarter valued at $1,706,000. Denali Advisors LLC acquired a new stake in shares of Worthington Steel in the fourth quarter valued at about $1,682,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Worthington Steel in the fourth quarter valued at about $929,000. Hedge funds and other institutional investors own 45.41% of the company’s stock.

Worthington Steel Stock Performance

Shares of WS stock opened at $32.72 on Friday. Worthington Steel, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $40.15. The company has a fifty day moving average price of $32.53.

Worthington Steel (NYSE:WS) last posted its quarterly earnings results on Thursday, March 21st. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.19. The business had revenue of $805.80 million during the quarter, compared to analysts’ expectations of $664.80 million. Worthington Steel’s quarterly revenue was up 3.2% compared to the same quarter last year. Sell-side analysts expect that Worthington Steel, Inc. will post 2.92 EPS for the current year.

Worthington Steel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, June 14th.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Worthington Steel in a research note on Monday, March 11th. KeyCorp increased their target price on Worthington Steel from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd.

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.