TFO Wealth Partners LLC Makes New Investment in Worthington Steel, Inc. (NYSE:WS)

TFO Wealth Partners LLC bought a new stake in Worthington Steel, Inc. (NYSE:WSFree Report) in the 4th quarter, Holdings Channel reports. The institutional investor bought 1,793 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds have also recently made changes to their positions in WS. Key Financial Inc bought a new position in Worthington Steel during the 4th quarter worth $28,000. Clean Yield Group acquired a new stake in shares of Worthington Steel in the fourth quarter valued at about $34,000. Salem Investment Counselors Inc. bought a new position in shares of Worthington Steel during the fourth quarter worth about $76,000. Cambridge Trust Co. acquired a new position in shares of Worthington Steel in the fourth quarter worth approximately $82,000. Finally, SG Americas Securities LLC acquired a new position in shares of Worthington Steel in the fourth quarter worth approximately $101,000. 45.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WS shares. KeyCorp increased their target price on shares of Worthington Steel from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Seaport Res Ptn reiterated a “neutral” rating on shares of Worthington Steel in a research report on Monday, March 11th.

Read Our Latest Analysis on Worthington Steel

Insider Activity at Worthington Steel

In other Worthington Steel news, Director Carl A. Nelson, Jr. sold 12,000 shares of Worthington Steel stock in a transaction on Friday, April 26th. The shares were sold at an average price of $30.89, for a total value of $370,680.00. Following the completion of the sale, the director now directly owns 85,583 shares of the company’s stock, valued at $2,643,658.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Worthington Steel Price Performance

Shares of Worthington Steel stock opened at $31.55 on Friday. The stock’s 50-day simple moving average is $33.37. Worthington Steel, Inc. has a 1-year low of $21.00 and a 1-year high of $40.15.

Worthington Steel (NYSE:WSGet Free Report) last released its earnings results on Thursday, March 21st. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.80 by $0.19. The business had revenue of $805.80 million for the quarter, compared to analyst estimates of $664.80 million. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year.

Worthington Steel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, June 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.03%.

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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