Private Wealth Strategies L.L.C. purchased a new stake in Worthington Steel, Inc. (NYSE:WS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 208,491 shares of the company's stock, valued at approximately $6,955,000. Worthington Steel makes up about 1.4% of Private Wealth Strategies L.L.C.'s portfolio, making the stock its 12th largest holding. Private Wealth Strategies L.L.C. owned approximately 0.41% of Worthington Steel at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of WS. Bartlett & CO. Wealth Management LLC purchased a new position in Worthington Steel in the fourth quarter worth $30,000. CWM LLC lifted its stake in Worthington Steel by 845.4% during the second quarter. CWM LLC now owns 1,021 shares of the company's stock worth $34,000 after purchasing an additional 913 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Worthington Steel in the 1st quarter worth about $37,000. TFO Wealth Partners LLC bought a new position in shares of Worthington Steel during the 4th quarter valued at about $50,000. Finally, SG Americas Securities LLC raised its holdings in shares of Worthington Steel by 42.4% during the 1st quarter. SG Americas Securities LLC now owns 5,111 shares of the company's stock valued at $183,000 after buying an additional 1,522 shares in the last quarter. Institutional investors own 45.41% of the company's stock.
Worthington Steel Price Performance
Shares of Worthington Steel stock traded up $0.39 during trading on Monday, reaching $35.40. The company's stock had a trading volume of 101,800 shares, compared to its average volume of 212,945. Worthington Steel, Inc. has a 52-week low of $21.00 and a 52-week high of $41.01. The firm's 50-day moving average is $34.43 and its two-hundred day moving average is $33.16.
Worthington Steel (NYSE:WS - Get Free Report) last released its earnings results on Wednesday, June 26th. The company reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.39. The company had revenue of $911.00 million during the quarter, compared to the consensus estimate of $876.30 million. Worthington Steel's revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that Worthington Steel, Inc. will post 2.79 EPS for the current year.
Worthington Steel Dividend Announcement
The company also recently disclosed 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. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, September 13th.
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.
Featured 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
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
