American Century Companies Inc. grew its stake in Worthington Steel, Inc. (NYSE:WS – Free Report) by 8.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,555 shares of the company’s stock after purchasing an additional 1,877 shares during the period. American Century Companies Inc.’s holdings in Worthington Steel were worth $786,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Coldstream Capital Management Inc. boosted its position in Worthington Steel by 1.5% during the 2nd quarter. Coldstream Capital Management Inc. now owns 21,102 shares of the company’s stock worth $704,000 after buying an additional 304 shares during the period. Gallacher Capital Management LLC boosted its position in Worthington Steel by 45.1% during the 2nd quarter. Gallacher Capital Management LLC now owns 19,349 shares of the company’s stock worth $645,000 after buying an additional 6,011 shares during the period. Victory Capital Management Inc. acquired a new stake in Worthington Steel during the 2nd quarter worth approximately $208,000. Rhumbline Advisers raised its holdings in Worthington Steel by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 107,273 shares of the company’s stock worth $3,579,000 after purchasing an additional 1,047 shares during the last quarter. Finally, Private Wealth Strategies L.L.C. bought a new position in Worthington Steel during the 2nd quarter worth approximately $6,955,000. 45.41% of the stock is currently owned by institutional investors and hedge funds.
Worthington Steel Stock Performance
Worthington Steel stock opened at $33.73 on Wednesday. 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 $34.32 and a two-hundred day moving average price of $33.53. The firm has a market cap of $1.70 billion and a price-to-earnings ratio of 12.17.
Worthington Steel Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders 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 dividend yield of 1.90%.
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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