Worthington Steel (NYSE:WS) Sees Unusually-High Trading Volume

Worthington Steel, Inc. (NYSE:WS) saw strong trading volume on Wednesday . 326,610 shares were traded during trading, an increase of 55% from the previous session’s volume of 210,699 shares.The stock last traded at $30.30 and had previously closed at $30.85.

Worthington Steel Price Performance

The company’s fifty day moving average is $34.48 and its 200 day moving average is $33.20.

Worthington Steel (NYSE:WS) last released its quarterly earnings data 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 firm had revenue of $911.00 million during the quarter, compared to analyst estimates of $876.30 million. The firm’s revenue was up 3.1% on a year-over-year basis. As a group, equities analysts expect that Worthington Steel, Inc. will post 2.79 EPS for the current fiscal year.

Worthington Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, September 13th.

Hedge Funds Weigh In On Worthington Steel

A number of institutional investors and hedge funds have recently bought and sold shares of WS. Van ECK Associates Corp acquired a new stake in shares of Worthington Steel in the first quarter valued at $2,010,000. Swiss National Bank bought a new position in shares of Worthington Steel during the 4th quarter valued at about $1,798,000. Panagora Asset Management Inc. acquired a new position in shares of Worthington Steel in the 4th quarter worth approximately $1,319,000. Russell Investments Group Ltd. raised its holdings in shares of Worthington Steel by 51.4% in the 1st quarter. Russell Investments Group Ltd. now owns 54,603 shares of the company’s stock worth $1,958,000 after purchasing an additional 18,547 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Worthington Steel by 30.1% during the first quarter. Vanguard Group Inc. now owns 5,246,781 shares of the company’s stock valued at $188,097,000 after purchasing an additional 1,215,248 shares during the last quarter. Institutional investors own 45.41% of the company’s stock.

Worthington Steel Company Profile

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.