TFO Wealth Partners LLC Purchases New Position in Worthington Steel, Inc. (NYSE:WS)

TFO Wealth Partners LLC acquired a new position in shares of Worthington Steel, Inc. (NYSE:WSFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,793 shares of the company’s stock, valued at approximately $50,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Key Financial Inc bought a new position in shares of Worthington Steel in the fourth quarter valued at approximately $28,000. Clean Yield Group bought a new stake in shares of Worthington Steel during the fourth quarter worth $34,000. Salem Investment Counselors Inc. acquired a new stake in shares of Worthington Steel in the fourth quarter valued at $76,000. Cambridge Trust Co. acquired a new stake in shares of Worthington Steel in the fourth quarter valued at $82,000. Finally, SG Americas Securities LLC bought a new position in shares of Worthington Steel in the fourth quarter valued at about $101,000. 45.41% of the stock is owned by institutional investors.

Insider Buying and Selling at Worthington Steel

In related news, Director Carl A. Nelson, Jr. sold 12,000 shares of Worthington Steel stock in a transaction on Friday, April 26th. The stock was sold at an average price of $30.89, for a total transaction of $370,680.00. Following the completion of the sale, the director now directly owns 85,583 shares of the company’s stock, valued at $2,643,658.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

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

View Our Latest Report on WS

Worthington Steel Stock Down 1.4 %

WS stock opened at $31.55 on Friday. Worthington Steel, Inc. has a twelve month low of $21.00 and a twelve month high of $40.15. The business’s fifty day moving average price is $33.37.

Worthington Steel (NYSE:WSGet Free Report) last announced its quarterly earnings data 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 firm had revenue of $805.80 million for the quarter, compared to the consensus estimate of $664.80 million. Worthington Steel’s quarterly revenue was up 3.2% on a year-over-year basis.

Worthington Steel Dividend Announcement

The firm 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 $0.16 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.03%.

Worthington Steel Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Worthington Steel (NYSE:WS)

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