Key Points
- Director Jon Bowsher bought 2,500 shares of Worthington Steel on Jan. 30 at an average cost of $40.15 (total $100,375), increasing his holding to 17,893 shares—a 16.24% rise—per an SEC filing.
- Shares recently opened at $44.37 and trade near a one‑year high of $44.46 (one‑year low $21.30); the company has a market cap of $2.25 billion and a P/E of 24.93.
- Worthington reported Q4 revenue up 18% YoY to $871.9M with EPS of $0.38 (missing consensus by $0.01 but up from $0.19 a year ago), and announced a quarterly dividend of $0.16 ($0.64 annualized, ~1.4% yield).
Worthington Steel, Inc. (NYSE:WS - Get Free Report) Director Jon Bowsher acquired 2,500 shares of the business's stock in a transaction that occurred on Friday, January 30th. The stock was bought at an average cost of $40.15 per share, for a total transaction of $100,375.00. Following the completion of the transaction, the director directly owned 17,893 shares in the company, valued at $718,403.95. This represents a 16.24% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Worthington Steel Stock Performance
Shares of Worthington Steel stock opened at $44.37 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.80 and a quick ratio of 1.09. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 24.93 and a beta of 1.68. The stock's 50-day moving average is $36.93 and its 200-day moving average is $33.50. Worthington Steel, Inc. has a one year low of $21.30 and a one year high of $44.46.
Worthington Steel (NYSE:WS - Get Free Report) last released its earnings results on Friday, December 19th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Worthington Steel had a net margin of 3.83% and a return on equity of 10.70%. The firm had revenue of $871.90 million during the quarter, compared to the consensus estimate of $797.25 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The company's revenue was up 18.0% on a year-over-year basis. Equities analysts predict that Worthington Steel, Inc. will post 2.26 earnings per share for the current fiscal year.
Worthington Steel Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.4%. Worthington Steel's payout ratio is currently 35.96%.
Analyst Upgrades and Downgrades
WS has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Worthington Steel from a "hold" rating to a "strong sell" rating in a report on Monday, December 22nd. KeyCorp lifted their price objective on shares of Worthington Steel from $36.00 to $39.00 and gave the company an "overweight" rating in a research report on Tuesday, December 16th. Wall Street Zen raised shares of Worthington Steel from a "hold" rating to a "buy" rating in a report on Saturday, October 18th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Worthington Steel in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $39.00.
View Our Latest Stock Report on WS
Hedge Funds Weigh In On Worthington Steel
Several institutional investors and hedge funds have recently made changes to their positions in the company. Johnson Investment Counsel Inc. bought a new position in Worthington Steel during the second quarter worth about $247,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Worthington Steel by 31.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 204,091 shares of the company's stock worth $6,202,000 after purchasing an additional 49,121 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Worthington Steel by 101.2% during the second quarter. Public Employees Retirement System of Ohio now owns 27,737 shares of the company's stock worth $827,000 after purchasing an additional 13,951 shares during the period. Deprince Race & Zollo Inc. raised its position in shares of Worthington Steel by 76.9% in the third quarter. Deprince Race & Zollo Inc. now owns 170,995 shares of the company's stock valued at $5,197,000 after buying an additional 74,349 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Worthington Steel by 49.7% in the second quarter. American Century Companies Inc. now owns 403,032 shares of the company's stock valued at $12,022,000 after buying an additional 133,872 shares during the period. Institutional investors and hedge funds own 45.41% of the company's stock.
About Worthington Steel
(
Get Free Report)
Worthington Steel (NYSE: WS) is a leading North American steel processor specializing in the production of flat-rolled, coated and painted sheet and coil products. Operating as a wholly owned subsidiary of Worthington Industries, the company serves a broad range of industries, including construction, automotive, appliance, energy and agricultural equipment. Its core business activities encompass the processing, finishing and distribution of carbon and advanced high-strength steels, aluminum and stainless products to manufacturers across the continent.
The company’s product portfolio includes hot-dip galvanizing, galvannealed, aluminized and pre-painted steel products, as well as cold-rolled and hot-rolled coil.
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