Key Financial Inc Takes $28,000 Position in Worthington Steel, Inc. (NYSE:WS)

Key Financial Inc purchased a new stake in shares of Worthington Steel, Inc. (NYSE:WS) during the 4th quarter, Holdings Channel reports. The fund purchased 1,002 shares of the company’s stock, valued at approximately $28,000.

Several other large investors have also made changes to their positions in WS. Vontobel Holding Ltd. acquired a new position in shares of Worthington Steel during the fourth quarter valued at $3,329,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Worthington Steel during the fourth quarter valued at $2,848,000. Financial Counselors Inc. acquired a new position in Worthington Steel in the fourth quarter valued at about $2,356,000. New York State Teachers Retirement System acquired a new position in Worthington Steel in the fourth quarter valued at about $1,706,000. Finally, Denali Advisors LLC acquired a new position in Worthington Steel in the fourth quarter valued at about $1,682,000. Institutional investors and hedge funds own 45.41% of the company’s stock.

Wall Street Analysts Forecast Growth

WS has been the topic of several analyst reports. KeyCorp increased their target price on Worthington Steel from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Seaport Res Ptn reissued a “neutral” rating on shares of Worthington Steel in a research note on Monday, March 11th.

Worthington Steel Trading Down 0.1 %

NYSE:WS opened at $32.65 on Thursday. Worthington Steel, Inc. has a 1-year low of $21.00 and a 1-year high of $40.15. The firm has a 50-day moving average of $32.55.

Worthington Steel (NYSE:WS) last released its earnings results on Thursday, March 21st. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.19. The company had revenue of $805.80 million during the quarter, compared to analyst estimates of $664.80 million. Worthington Steel’s revenue for the quarter was up 3.2% compared to the same quarter last year. Research analysts anticipate that Worthington Steel, Inc. will post 2.92 EPS for the current year.

Worthington Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.64 annualized dividend and a dividend yield of 1.96%.

About Worthington Steel

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.