Windsor Advisory Group LLC Takes Position in Worthington Steel, Inc. (NYSE:WS)

Windsor Advisory Group LLC bought a new stake in Worthington Steel, Inc. (NYSE:WSFree Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 17,635 shares of the company’s stock, valued at approximately $496,000. Worthington Steel makes up approximately 1.5% of Windsor Advisory Group LLC’s investment portfolio, making the stock its 19th largest holding.

Several other large investors have also modified their holdings of the stock. Salem Investment Counselors Inc. acquired a new stake in Worthington Steel during the 4th quarter worth $76,000. SG Americas Securities LLC acquired a new stake in Worthington Steel during the 4th quarter worth $101,000. AlphaMark Advisors LLC acquired a new stake in Worthington Steel during the 4th quarter worth $114,000. Ritholtz Wealth Management acquired a new stake in Worthington Steel during the 4th quarter worth $294,000. Finally, IFG Advisory LLC acquired a new stake in Worthington Steel during the 4th quarter worth $337,000. Institutional investors and hedge funds own 45.41% of the company’s stock.

Worthington Steel Stock Up 0.8 %

WS stock opened at $36.13 on Tuesday. Worthington Steel, Inc. has a one year low of $21.00 and a one year high of $40.15. The stock has a fifty day moving average price of $31.39.

Worthington Steel (NYSE:WSGet Free Report) last announced its quarterly earnings results on Thursday, March 21st. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.19. The company had revenue of $805.80 million during the quarter, compared to analysts’ expectations of $664.80 million. The company’s revenue was up 3.2% on a year-over-year basis. As a group, research analysts expect that Worthington Steel, Inc. will post 2.92 EPS for the current year.

Worthington Steel Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.77%.

Insider Activity

In related news, Director Charles M. Chiappone purchased 1,850 shares of the business’s stock in a transaction dated Friday, January 12th. The stock was acquired at an average price of $28.08 per share, for a total transaction of $51,948.00. Following the acquisition, the director now directly owns 7,033 shares of the company’s stock, valued at approximately $197,486.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

WS has been the subject of a number of recent research reports. KeyCorp increased their price target on shares of Worthington Steel from $31.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 26th. Seaport Res Ptn restated a “neutral” rating on shares of Worthington Steel in a research note on Monday, March 11th.

Read Our Latest Stock Analysis on WS

Worthington Steel Company Profile

(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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Institutional Ownership by Quarter for Worthington Steel (NYSE:WS)

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