Zurcher Kantonalbank Zurich Cantonalbank Buys New Position in Worthington Steel, Inc. (NYSE:WS)

Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Worthington Steel, Inc. (NYSE:WS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,307 shares of the company’s stock, valued at approximately $795,000.

A number of other large investors have also modified their holdings of the business. Clean Yield Group purchased a new position in shares of Worthington Steel in the 4th quarter valued at approximately $34,000. Salem Investment Counselors Inc. purchased a new stake in Worthington Steel during the 4th quarter worth approximately $76,000. SG Americas Securities LLC acquired a new position in Worthington Steel during the 4th quarter valued at approximately $101,000. AlphaMark Advisors LLC acquired a new position in Worthington Steel during the 4th quarter valued at approximately $114,000. Finally, Strs Ohio purchased a new position in shares of Worthington Steel in the fourth quarter worth $174,000. Hedge funds and other institutional investors own 45.41% of the company’s stock.

Analysts Set New Price Targets

WS has been the subject of a number of research analyst reports. Seaport Res Ptn restated a “neutral” rating on shares of Worthington Steel in a research note on Monday, March 11th. KeyCorp raised their price objective on Worthington Steel from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd.

Worthington Steel Trading Up 1.3 %

Worthington Steel stock opened at $31.61 on Tuesday. The business’s 50-day moving average is $32.69. Worthington Steel, Inc. has a 52 week low of $21.00 and a 52 week high of $40.15.

Worthington Steel (NYSE:WS) last issued its quarterly earnings data on Thursday, March 21st. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.80 by $0.19. The business had revenue of $805.80 million during the quarter, compared to analyst estimates of $664.80 million. Worthington Steel’s quarterly revenue was up 3.2% compared to the same quarter last year. Research analysts anticipate that Worthington Steel, Inc. will post 2.92 earnings per share for the current fiscal year.

Worthington Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, June 14th. This represents a $0.64 annualized dividend and a yield of 2.02%.

Worthington Steel 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.