SG Americas Securities LLC Invests $101,000 in Worthington Steel, Inc. (NYSE:WS)

SG Americas Securities LLC bought a new position in Worthington Steel, Inc. (NYSE:WS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,589 shares of the company’s stock, valued at approximately $101,000.

Worthington Steel Stock Performance

NYSE:WS opened at $32.90 on Friday. The stock has a 50 day moving average price of $32.59. Worthington Steel, Inc. has a 52 week low of $21.00 and a 52 week high of $40.15.

Worthington Steel (NYSE:WS) last announced its quarterly earnings results on Thursday, March 21st. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.80 by $0.19. The business had revenue of $805.80 million for the quarter, compared to analyst estimates of $664.80 million. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, sell-side analysts anticipate that Worthington Steel, Inc. will post 2.92 EPS for the current year.

Worthington Steel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.95%.

Wall Street Analyst Weigh In

WS has been the subject of a number of research reports. Seaport Res Ptn reissued a “neutral” rating on shares of Worthington Steel in a research note on Monday, March 11th. KeyCorp lifted their price objective on Worthington Steel from $39.00 to $40.00 and gave the company an “overweight” rating in a research 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.