Mirae Asset Global Investments Co. Ltd. purchased a new stake in Worthington Steel, Inc. (NYSE:WS – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,943 shares of the company’s stock, valued at approximately $392,000.
Other hedge funds have also recently bought and sold shares of the company. TIAA Trust National Association purchased a new stake in shares of Worthington Steel during the fourth quarter valued at approximately $824,000. Denali Advisors LLC purchased a new stake in shares of Worthington Steel during the fourth quarter valued at approximately $1,682,000. AlphaMark Advisors LLC purchased a new stake in shares of Worthington Steel during the fourth quarter valued at approximately $114,000. Venture Visionary Partners LLC purchased a new stake in shares of Worthington Steel during the fourth quarter valued at approximately $340,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of Worthington Steel during the fourth quarter valued at approximately $1,706,000. Hedge funds and other institutional investors own 45.41% of the company’s stock.
Worthington Steel Price Performance
Shares of NYSE:WS opened at $31.22 on Friday. The stock has a fifty day moving average of $32.72. Worthington Steel, Inc. has a 12-month low of $21.00 and a 12-month high of $40.15.
Worthington Steel Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.64 annualized dividend and a yield of 2.05%.
Wall Street Analysts Forecast Growth
WS has been the topic of a number of analyst reports. Seaport Res Ptn reiterated a “neutral” rating on shares of Worthington Steel in a research note on Monday, March 11th. KeyCorp lifted their price target on shares of Worthington Steel from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd.
Read Our Latest Research 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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