Worthington Steel, Inc. (NYSE:WS - Get Free Report) Director Carl A. Nelson, Jr. sold 12,000 shares of Worthington Steel stock in a transaction on Friday, April 26th. The stock was sold at an average price of $30.89, for a total transaction of $370,680.00. Following the sale, the director now owns 85,583 shares in the company, valued at $2,643,658.87. The sale was disclosed in a document filed with the SEC, which is available through this link.
Worthington Steel Trading Down 2.7 %
Shares of Worthington Steel stock opened at $30.79 on Wednesday. Worthington Steel, Inc. has a 1 year low of $21.00 and a 1 year high of $40.15. The stock's fifty day simple moving average is $32.69.
Worthington Steel (NYSE:WS - Get Free Report) last issued its quarterly earnings data on Thursday, March 21st. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.19. The business had revenue of $805.80 million for the quarter, compared to analysts' expectations of $664.80 million. Worthington Steel's quarterly revenue was up 3.2% on a year-over-year basis. On average, research analysts forecast that Worthington Steel, Inc. will post 2.92 EPS for the current year.
Worthington Steel Dividend Announcement
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The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Friday, June 14th.
Wall Street Analysts Forecast Growth
WS has been the topic of several research analyst reports. Seaport Res Ptn reiterated a "neutral" rating on shares of Worthington Steel in a research note on Monday, March 11th. KeyCorp raised their price objective on shares of Worthington Steel from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 3rd.
Get Our Latest Research Report on Worthington Steel
Institutional Trading of Worthington Steel
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in shares of Worthington Steel in the fourth quarter valued at about $113,286,000. Dimensional Fund Advisors LP purchased a new stake in shares of Worthington Steel in the fourth quarter valued at about $68,769,000. Norges Bank purchased a new stake in shares of Worthington Steel in the fourth quarter valued at about $9,313,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Worthington Steel in the fourth quarter valued at about $8,339,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Worthington Steel by 140.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 244,118 shares of the company's stock valued at $8,752,000 after acquiring an additional 142,780 shares in the last quarter. Hedge funds and other institutional investors own 45.41% of the company's stock.
About Worthington Steel
(
Get 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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