15,522 Shares in Worthington Steel, Inc. (NYSE:WS) Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC acquired a new position in shares of Worthington Steel, Inc. (NYSE:WS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,522 shares of the company’s stock, valued at approximately $436,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Key Financial Inc purchased a new position in Worthington Steel during the fourth quarter worth approximately $28,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Worthington Steel in the fourth quarter valued at $30,000. Clean Yield Group acquired a new stake in shares of Worthington Steel in the fourth quarter valued at $34,000. TFO Wealth Partners LLC acquired a new stake in shares of Worthington Steel in the fourth quarter valued at $50,000. Finally, Salem Investment Counselors Inc. acquired a new stake in shares of Worthington Steel in the fourth quarter valued at $76,000. Hedge funds and other institutional investors own 45.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Worthington Steel Price Performance

WS opened at $30.63 on Wednesday. Worthington Steel, Inc. has a 12 month low of $21.00 and a 12 month high of $40.15. The business has a fifty day moving average price of $32.46 and a 200 day moving average price of $31.04.

Worthington Steel (NYSE:WS) 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 company had revenue of $805.80 million for the quarter, compared to analyst estimates of $664.80 million. Worthington Steel’s revenue for the quarter was up 3.2% on a year-over-year basis.

Worthington Steel Announces Dividend

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 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 2.09%.

Insider Buying and Selling

In other Worthington Steel news, Director Carl A. Nelson, Jr. sold 12,000 shares of Worthington Steel stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $30.89, for a total transaction 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 approximately $2,643,658.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

About Worthington Steel

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.