DekaBank Deutsche Girozentrale Acquires 13,545 Shares of Worthington Steel, Inc. (NYSE:WS)

DekaBank Deutsche Girozentrale boosted its holdings in shares of Worthington Steel, Inc. (NYSE:WS) by 1,294.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,591 shares of the company’s stock after buying an additional 13,545 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Worthington Steel were worth $469,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Van ECK Associates Corp bought a new stake in Worthington Steel during the first quarter worth $2,010,000. Swiss National Bank bought a new stake in shares of Worthington Steel in the 4th quarter worth $1,798,000. Russell Investments Group Ltd. raised its holdings in shares of Worthington Steel by 51.4% in the first quarter. Russell Investments Group Ltd. now owns 54,603 shares of the company’s stock valued at $1,958,000 after purchasing an additional 18,547 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Worthington Steel by 30.1% during the first quarter. Vanguard Group Inc. now owns 5,246,781 shares of the company’s stock valued at $188,097,000 after purchasing an additional 1,215,248 shares in the last quarter. Finally, Norges Bank purchased a new position in Worthington Steel during the fourth quarter worth about $9,313,000. 45.41% of the stock is owned by institutional investors.

Worthington Steel Trading Down 2.2 %

NYSE:WS opened at $36.03 on Friday. Worthington Steel, Inc. has a 52 week low of $21.00 and a 52 week high of $41.01. The firm has a 50-day moving average price of $34.61 and a two-hundred day moving average price of $33.29.

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

Worthington Steel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.64 annualized dividend and a yield of 1.78%.

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.