104,228 Shares in Worthington Steel, Inc. (NYSE:WS) Bought by Foundry Partners LLC

Foundry Partners LLC bought a new position in shares of Worthington Steel, Inc. (NYSE:WS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 104,228 shares of the company’s stock, valued at approximately $3,317,000. Foundry Partners LLC owned about 0.21% of Worthington Steel as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WS. Pacer Advisors Inc. bought a new stake in shares of Worthington Steel in the 4th quarter valued at $41,741,000. Vanguard Group Inc. grew its holdings in Worthington Steel by 14.0% during the 4th quarter. Vanguard Group Inc. now owns 4,467,428 shares of the company’s stock worth $142,154,000 after acquiring an additional 550,181 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Worthington Steel by 44.6% in the 4th quarter. Bank of New York Mellon Corp now owns 359,035 shares of the company’s stock valued at $11,424,000 after purchasing an additional 110,662 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Worthington Steel by 185.4% in the 4th quarter. Fisher Asset Management LLC now owns 133,543 shares of the company’s stock valued at $4,249,000 after purchasing an additional 86,753 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Worthington Steel by 546.5% during the 3rd quarter. Janus Henderson Group PLC now owns 93,480 shares of the company’s stock valued at $3,179,000 after purchasing an additional 79,021 shares in the last quarter. 45.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, KeyCorp dropped their price target on Worthington Steel from $41.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th.

Worthington Steel Stock Down 2.4 %

Shares of NYSE WS opened at $22.90 on Friday. The firm has a market cap of $1.16 billion, a PE ratio of 8.04 and a beta of 2.03. The company’s fifty day simple moving average is $27.27 and its 200 day simple moving average is $33.56. Worthington Steel, Inc. has a 12-month low of $21.40 and a 12-month high of $47.19.

Worthington Steel (NYSE:WS) last issued its earnings results on Wednesday, March 19th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.32). Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. The firm had revenue of $687.40 million during the quarter, compared to analyst estimates of $732.00 million. During the same quarter in the prior year, the business earned $0.99 earnings per share. The business’s quarterly revenue was down 14.7% on a year-over-year basis. On average, equities analysts predict that Worthington Steel, Inc. will post 2.26 earnings per share for the current year.

Worthington Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Friday, June 13th. Worthington Steel’s dividend payout ratio is currently 29.91%.

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.