Virtu Financial LLC Makes New Investment in Worthington Steel, Inc. (NYSE:WS)

Virtu Financial LLC purchased a new position in shares of Worthington Steel, Inc. (NYSE:WS) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,361 shares of the company’s stock, valued at approximately $694,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Key Financial Inc acquired a new stake in shares of Worthington Steel in the fourth quarter valued at approximately $28,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Worthington Steel in the fourth quarter valued at approximately $30,000. Clean Yield Group acquired a new stake in shares of Worthington Steel in the fourth quarter valued at approximately $34,000. TFO Wealth Partners LLC acquired a new stake in shares of Worthington Steel in the fourth quarter valued at approximately $50,000. Finally, Cambridge Trust Co. acquired a new stake in shares of Worthington Steel in the fourth quarter valued at approximately $82,000. Hedge funds and other institutional investors own 45.41% of the company’s stock.

Worthington Steel Price Performance

Shares of NYSE:WS traded down $2.19 during midday trading on Friday, hitting $34.66. The company had a trading volume of 212,890 shares, compared to its average volume of 227,018. Worthington Steel, Inc. has a twelve month low of $21.00 and a twelve month high of $41.01. The business’s 50-day simple moving average is $33.56 and its 200-day simple moving average is $32.56.

Worthington Steel (NYSE:WS) last posted its earnings results on Wednesday, June 26th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts expect that Worthington Steel, Inc. will post 2.79 EPS for the current fiscal year.

Worthington Steel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, September 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.85%.

Worthington Steel 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.