The Manufacturers Life Insurance Company increased its stake in Worthington Steel, Inc. (NYSE:WS – Free Report) by 9.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,362 shares of the company’s stock after purchasing an additional 1,440 shares during the period. The Manufacturers Life Insurance Company’s holdings in Worthington Steel were worth $579,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. bought a new stake in shares of Worthington Steel during the 4th quarter valued at $113,286,000. Private Wealth Strategies L.L.C. bought a new stake in shares of Worthington Steel in the 2nd quarter valued at about $6,955,000. Allspring Global Investments Holdings LLC increased its stake in shares of Worthington Steel by 140.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 244,118 shares of the company’s stock valued at $8,752,000 after acquiring an additional 142,780 shares during the last quarter. Millennium Management LLC raised its position in shares of Worthington Steel by 135.3% in the 2nd quarter. Millennium Management LLC now owns 189,968 shares of the company’s stock valued at $6,337,000 after acquiring an additional 109,224 shares during the period. Finally, Fisher Asset Management LLC bought a new position in Worthington Steel during the 4th quarter worth approximately $2,563,000. Institutional investors and hedge funds own 45.41% of the company’s stock.
Worthington Steel Trading Down 1.3 %
NYSE:WS opened at $33.64 on Wednesday. The stock has a market cap of $1.69 billion and a price-to-earnings ratio of 13.56. The stock has a 50-day moving average price of $33.62 and a two-hundred day moving average price of $33.53. Worthington Steel, Inc. has a 1 year low of $21.00 and a 1 year high of $41.01.
Worthington Steel Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 1.90%. Worthington Steel’s payout ratio is currently 25.81%.
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.
Read More
- Five stocks we like better than Worthington Steel
- Canada Bond Market Holiday: How to Invest and Trade
- Goldman Sachs Earnings Reveal Market Moves Investors Can’t Ignore
- What is the NASDAQ Stock Exchange?
- AMD Gains Momentum With AI: Can It Beat Expectations?
- What is Forex and How Does it Work?
- Lithium Grab: 2 Lithium Stocks That Could Be Takeover Targets
Receive News & Ratings for Worthington Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worthington Steel and related companies with MarketBeat.com's FREE daily email newsletter.