Yousif Capital Management LLC bought a new stake in shares of Worthington Steel, Inc. (NYSE:WS – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,173 shares of the company’s stock, valued at approximately $426,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Key Financial Inc bought a new position in Worthington Steel in the 4th quarter worth about $28,000. Clean Yield Group bought a new position in Worthington Steel in the 4th quarter worth approximately $34,000. Salem Investment Counselors Inc. acquired a new stake in Worthington Steel in the 4th quarter valued at approximately $76,000. Cambridge Trust Co. bought a new stake in Worthington Steel during the 4th quarter valued at $82,000. Finally, SG Americas Securities LLC acquired a new position in Worthington Steel during the 4th quarter worth $101,000. 45.41% of the stock is currently owned by institutional investors and hedge funds.
Worthington Steel Price Performance
Shares of NYSE WS opened at $33.23 on Tuesday. Worthington Steel, Inc. has a 1 year low of $21.00 and a 1 year high of $40.15. The firm’s fifty day moving average price is $32.83.
Worthington Steel Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.16 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.93%.
Insider Activity at Worthington Steel
In other Worthington Steel news, Director Carl A. Nelson, Jr. sold 12,000 shares of Worthington Steel stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $30.89, for a total value of $370,680.00. Following the transaction, the director now owns 85,583 shares in the company, valued at $2,643,658.87. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Wall Street Analysts Forecast Growth
WS has been the topic of a number of research analyst reports. KeyCorp raised their price target on Worthington Steel from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Seaport Res Ptn restated a “neutral” rating on shares of Worthington Steel in a research report on Monday, March 11th.
Check Out Our Latest Report on Worthington Steel
About Worthington Steel
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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