Olympic Steel, Inc. $ZEUS Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC boosted its stake in shares of Olympic Steel, Inc. (NASDAQ:ZEUS) by 28.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,435 shares of the basic materials company’s stock after buying an additional 1,891 shares during the period. Voya Investment Management LLC owned 0.08% of Olympic Steel worth $266,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. SummerHaven Investment Management LLC lifted its stake in shares of Olympic Steel by 2.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 19,059 shares of the basic materials company’s stock valued at $601,000 after purchasing an additional 417 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Olympic Steel by 178.7% during the 1st quarter. Versant Capital Management Inc now owns 914 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 586 shares in the last quarter. New Age Alpha Advisors LLC boosted its position in shares of Olympic Steel by 33.6% during the 1st quarter. New Age Alpha Advisors LLC now owns 2,406 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 605 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Olympic Steel by 20.1% in the 1st quarter. Quantbot Technologies LP now owns 4,954 shares of the basic materials company’s stock valued at $156,000 after purchasing an additional 830 shares during the period. Finally, CWM LLC boosted its position in shares of Olympic Steel by 170.5% in the 1st quarter. CWM LLC now owns 2,462 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 1,552 shares during the period. Institutional investors and hedge funds own 87.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ZEUS. Wall Street Zen cut Olympic Steel from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. KeyCorp dropped their price objective on Olympic Steel from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Olympic Steel currently has an average rating of “Buy” and an average price target of $38.00.

Olympic Steel Price Performance

ZEUS stock opened at $30.05 on Tuesday. Olympic Steel, Inc. has a 52-week low of $26.32 and a 52-week high of $43.60. The stock’s fifty day simple moving average is $32.50 and its 200-day simple moving average is $32.01. The company has a quick ratio of 1.18, a current ratio of 3.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $336.50 million, a price-to-earnings ratio of 24.63 and a beta of 1.77.

Olympic Steel (NASDAQ:ZEUS) last issued its earnings results on Thursday, July 31st. The basic materials company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). Olympic Steel had a net margin of 0.77% and a return on equity of 1.95%. The firm had revenue of $496.48 million during the quarter, compared to analyst estimates of $506.60 million. Equities research analysts expect that Olympic Steel, Inc. will post 2.69 EPS for the current year.

Olympic Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.64 annualized dividend and a yield of 2.1%. Olympic Steel’s dividend payout ratio (DPR) is 52.46%.

Olympic Steel Company Profile

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.