75,178 Shares in Worthington Steel, Inc. (NYSE:WS) Bought by Wellington Management Group LLP

Wellington Management Group LLP bought a new stake in Worthington Steel, Inc. (NYSE:WS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 75,178 shares of the company’s stock, valued at approximately $2,113,000. Wellington Management Group LLP owned about 0.15% of Worthington Steel as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Key Financial Inc acquired a new stake in Worthington Steel during the 4th quarter valued at $28,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Worthington Steel during the fourth quarter valued at $30,000. Clean Yield Group purchased a new stake in Worthington Steel during the 4th quarter worth about $34,000. TFO Wealth Partners LLC acquired a new position in Worthington Steel in the 4th quarter valued at about $50,000. Finally, Salem Investment Counselors Inc. purchased a new position in Worthington Steel in the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 45.41% of the company’s stock.

Worthington Steel Trading Down 2.2 %

Shares of WS stock opened at $32.64 on Tuesday. The firm’s 50-day simple moving average is $32.11 and its 200-day simple moving average is $31.47. Worthington Steel, Inc. has a 1-year low of $21.00 and a 1-year high of $40.15.

Worthington Steel (NYSE:WS) last posted its quarterly earnings results on Wednesday, June 26th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.39. The company had revenue of $911.00 million for the quarter, compared to analysts’ expectations of $876.30 million. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts forecast that Worthington Steel, Inc. will post 2.79 EPS for the current year.

Worthington Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, September 13th.

Insider Activity

In other news, Director Carl A. Nelson, Jr. sold 12,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $30.89, for a total value of $370,680.00. Following the completion of the sale, the director now owns 85,583 shares of the company’s stock, valued at $2,643,658.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analyst Ratings Changes

WS has been the subject of a number of analyst reports. KeyCorp boosted their price objective on shares of Worthington Steel from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Seaport Res Ptn reissued a “neutral” rating on shares of Worthington Steel in a research note on Monday, March 11th.

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.