Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Worthington Steel, Inc. (NYSE:WS - Free Report) by 53.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,540 shares of the company's stock after selling 30,304 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.05% of Worthington Steel worth $885,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC bought a new position in shares of Worthington Steel in the fourth quarter valued at $30,000. CWM LLC increased its stake in shares of Worthington Steel by 845.4% during the 2nd 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 bought a new stake in shares of Worthington Steel in the 1st quarter valued at about $37,000. TFO Wealth Partners LLC acquired a new stake in Worthington Steel in the 4th quarter valued at about $50,000. Finally, SG Americas Securities LLC grew its holdings in Worthington Steel by 42.4% during the first quarter. SG Americas Securities LLC now owns 5,111 shares of the company's stock worth $183,000 after purchasing an additional 1,522 shares during the period. 45.41% of the stock is currently owned by institutional investors and hedge funds.
Worthington Steel Price Performance
NYSE WS remained flat at $31.82 during trading on Thursday. The company's stock had a trading volume of 77,691 shares, compared to its average volume of 211,022. The firm's fifty day simple moving average is $34.55 and its 200 day simple moving average is $33.16. Worthington Steel, Inc. has a 1 year low of $21.00 and a 1 year high of $41.01.
Worthington Steel (NYSE:WS - Get Free Report) last posted its earnings results on Wednesday, June 26th. The company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.39. The business had revenue of $911.00 million for the quarter, compared to analyst estimates of $876.30 million. Worthington Steel's revenue was up 3.1% on a year-over-year basis. As a group, research analysts anticipate that Worthington Steel, Inc. will post 2.79 EPS for the current fiscal year.
Worthington Steel Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, September 13th.
Worthington Steel 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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