Key Financial Inc Makes New $28,000 Investment in Worthington Steel, Inc. (NYSE:WS)

Key Financial Inc purchased a new position in Worthington Steel, Inc. (NYSE:WSFree Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,002 shares of the company’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WS. Vontobel Holding Ltd. bought a new stake in Worthington Steel in the fourth quarter worth about $3,329,000. Allspring Global Investments Holdings LLC bought a new stake in Worthington Steel in the fourth quarter worth about $2,848,000. Financial Counselors Inc. bought a new stake in Worthington Steel in the fourth quarter worth about $2,356,000. New York State Teachers Retirement System bought a new stake in Worthington Steel in the fourth quarter worth about $1,706,000. Finally, Denali Advisors LLC bought a new stake in Worthington Steel in the fourth quarter worth about $1,682,000. 45.41% of the stock is currently owned by institutional investors.

Worthington Steel Stock Performance

Shares of WS opened at $32.65 on Thursday. The business has a 50-day moving average of $32.55. 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 issued its quarterly earnings results on Thursday, March 21st. The company reported $0.99 earnings per share for the quarter, topping 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. Worthington Steel’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, equities analysts forecast that Worthington Steel, Inc. will post 2.92 EPS for the current year.

Worthington Steel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.64 annualized dividend and a yield of 1.96%.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on Worthington Steel

Worthington Steel 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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