PDS Planning Inc Takes $355,000 Position in Worthington Steel, Inc. (NYSE:WS)

PDS Planning Inc acquired a new stake in Worthington Steel, Inc. (NYSE:WS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,650 shares of the company’s stock, valued at approximately $355,000.

A number of other hedge funds also recently made changes to their positions in the business. Wedge Capital Management L L P NC acquired a new stake in shares of Worthington Steel in the fourth quarter valued at approximately $2,021,000. Monument Capital Management acquired a new stake in Worthington Steel during the 4th quarter worth approximately $1,010,000. OLD National Bancorp IN acquired a new stake in Worthington Steel during the 4th quarter worth approximately $309,000. Cambridge Trust Co. acquired a new stake in Worthington Steel during the 4th quarter worth approximately $82,000. Finally, Key Financial Inc acquired a new stake in Worthington Steel during the 4th quarter worth approximately $28,000. 45.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Seaport Res Ptn reissued a “neutral” rating on shares of Worthington Steel in a 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 report on Wednesday, April 3rd.

Worthington Steel Stock Performance

Shares of WS traded down $0.24 during midday trading on Tuesday, hitting $32.67. The company’s stock had a trading volume of 31,131 shares, compared to its average volume of 236,297. Worthington Steel, Inc. has a one year low of $21.00 and a one year high of $40.15. The company’s fifty day moving average price is $32.65.

Worthington Steel (NYSE:WS) last issued its quarterly earnings data 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 firm had revenue of $805.80 million for the quarter, compared to the consensus estimate of $664.80 million. The business’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, research analysts forecast that Worthington Steel, Inc. will post 2.92 EPS for the current fiscal year.

Worthington Steel Announces Dividend

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

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.