Allspring Global Investments Holdings LLC reduced its holdings in shares of Worthington Steel, Inc. (NYSE:WS - Free Report) by 13.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 211,480 shares of the company's stock after selling 32,638 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.42% of Worthington Steel worth $7,055,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp bought a new stake in shares of Worthington Steel during the 1st quarter worth $2,010,000. New York State Common Retirement Fund bought a new stake in shares of Worthington Steel during the 4th quarter worth $1,062,000. Swiss National Bank bought a new position in Worthington Steel in the fourth quarter valued at about $1,798,000. Panagora Asset Management Inc. bought a new position in Worthington Steel in the fourth quarter valued at about $1,319,000. Finally, Fisher Asset Management LLC bought a new position in Worthington Steel in the fourth quarter valued at about $2,560,000. 45.41% of the stock is currently owned by institutional investors.
Worthington Steel Price Performance
Worthington Steel stock traded up $0.39 during trading hours on Friday, hitting $35.40. The stock had a trading volume of 101,832 shares, compared to its average volume of 114,407. Worthington Steel, Inc. has a one year low of $21.00 and a one year high of $41.01. The business's 50 day simple moving average is $34.43 and its 200-day simple moving average is $33.14.
Worthington Steel (NYSE:WS - Get Free Report) last posted its earnings results on Wednesday, June 26th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.67 by $0.39. The firm had revenue of $911.00 million during the quarter, compared to the consensus estimate of $876.30 million. The company's revenue was up 3.1% compared to the same quarter last year. Analysts expect that Worthington Steel, Inc. will post 2.79 EPS for the current year.
Worthington Steel Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.64 annualized dividend and a yield of 1.81%.
About Worthington Steel
(
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.
Recommended Stories
Before you consider Worthington Steel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Worthington Steel wasn't on the list.
While Worthington Steel currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
