Haven Private LLC Purchases Shares of 21,079 Worthington Steel, Inc. (NYSE:WS)

Haven Private LLC acquired a new position in shares of Worthington Steel, Inc. (NYSE:WS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 21,079 shares of the company's stock, valued at approximately $671,000.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. acquired a new position in Worthington Steel in the 4th quarter worth about $41,741,000. Bank of New York Mellon Corp increased its position in shares of Worthington Steel by 44.6% in the fourth quarter. Bank of New York Mellon Corp now owns 359,035 shares of the company's stock valued at $11,424,000 after buying an additional 110,662 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Worthington Steel by 185.4% during the 4th quarter. Fisher Asset Management LLC now owns 133,543 shares of the company's stock worth $4,249,000 after buying an additional 86,753 shares during the period. Janus Henderson Group PLC lifted its position in shares of Worthington Steel by 546.5% during the 3rd quarter. Janus Henderson Group PLC now owns 93,480 shares of the company's stock valued at $3,179,000 after buying an additional 79,021 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Worthington Steel by 35.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 263,087 shares of the company's stock valued at $8,948,000 after acquiring an additional 68,792 shares during the period. 45.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, KeyCorp decreased their price objective on shares of Worthington Steel from $41.00 to $34.00 and set an "overweight" rating on the stock in a report on Friday.

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Worthington Steel Price Performance

WS stock traded up $1.51 during trading on Tuesday, hitting $26.23. The stock had a trading volume of 334,334 shares, compared to its average volume of 271,596. Worthington Steel, Inc. has a twelve month low of $24.22 and a twelve month high of $47.19. The company's 50-day moving average price is $29.13 and its two-hundred day moving average price is $34.59. The stock has a market capitalization of $1.33 billion, a P/E ratio of 9.20 and a beta of 2.62.

Worthington Steel (NYSE:WS - Get Free Report) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.37). Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. The business had revenue of $739.00 million during the quarter, compared to analysts' expectations of $740.40 million. During the same period in the prior year, the business posted $0.11 earnings per share. The business's quarterly revenue was down 8.5% on a year-over-year basis. As a group, sell-side analysts expect that Worthington Steel, Inc. will post 2.26 EPS for the current fiscal year.

Worthington Steel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.16 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.44%. Worthington Steel's dividend payout ratio (DPR) is presently 22.46%.

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.