Fisher Asset Management LLC acquired a new position in Worthington Steel, Inc. (NYSE:WS – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 91,214 shares of the company’s stock, valued at approximately $2,563,000. Fisher Asset Management LLC owned approximately 0.18% of Worthington Steel as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in WS. SG Americas Securities LLC acquired a new position in Worthington Steel in the 4th quarter valued at about $101,000. Salem Investment Counselors Inc. acquired a new position in Worthington Steel in the 4th quarter valued at about $76,000. IFG Advisory LLC acquired a new position in Worthington Steel in the 4th quarter valued at about $337,000. Ritholtz Wealth Management acquired a new position in Worthington Steel in the 4th quarter valued at about $294,000. Finally, State of Alaska Department of Revenue acquired a new position in Worthington Steel in the 4th quarter valued at about $526,000. Institutional investors and hedge funds own 45.41% of the company’s stock.
Insider Activity at Worthington Steel
In related news, Director Carl A. Nelson, Jr. sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $30.89, for a total transaction of $370,680.00. Following the sale, the director now directly owns 85,583 shares of the company’s stock, valued at approximately $2,643,658.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Worthington Steel Trading Up 2.9 %
Worthington Steel (NYSE:WS – Get Free Report) last posted its quarterly earnings results on Thursday, March 21st. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.19. The firm had revenue of $805.80 million for the quarter, compared to analyst estimates of $664.80 million. Worthington Steel’s quarterly revenue was up 3.2% on a year-over-year basis.
Wall Street Analyst Weigh In
WS has been the subject of several analyst reports. Seaport Res Ptn reissued a “neutral” rating on shares of Worthington Steel in a research note on Monday, March 11th. KeyCorp increased their target price on Worthington Steel from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd.
Check Out Our Latest Report on WS
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.
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