Worthington Steel, Inc. (NYSE:WS) Director Sells $370,680.00 in Stock

Worthington Steel, Inc. (NYSE:WS) Director Carl A. Nelson, Jr. sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $30.89, for a total transaction of $370,680.00. Following the sale, the director now owns 85,583 shares in the company, valued at $2,643,658.87. The sale was disclosed in a filing with the SEC, which is available at this link.

Worthington Steel Stock Performance

Shares of NYSE:WS opened at $30.18 on Thursday. The business has a fifty day moving average of $32.69. Worthington Steel, Inc. has a one year low of $21.00 and a one year high of $40.15.

Worthington Steel (NYSE:WS) last issued its quarterly earnings results on Thursday, March 21st. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.19. The company had revenue of $805.80 million during the quarter, compared to the consensus estimate of $664.80 million. Worthington Steel’s revenue for the quarter was up 3.2% on a year-over-year basis. Research analysts expect that Worthington Steel, Inc. will post 2.92 EPS for the current fiscal year.

Worthington Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, June 14th.

Hedge Funds Weigh In On Worthington Steel

Institutional investors and hedge funds have recently made changes to their positions in the business. Key Financial Inc bought a new position in shares of Worthington Steel during the fourth quarter valued at about $28,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Worthington Steel during the fourth quarter valued at about $30,000. Clean Yield Group purchased a new position in shares of Worthington Steel during the fourth quarter valued at about $34,000. TFO Wealth Partners LLC purchased a new position in shares of Worthington Steel during the fourth quarter valued at about $50,000. Finally, Salem Investment Counselors Inc. purchased a new position in shares of Worthington Steel during the fourth quarter valued at about $76,000. Institutional investors own 45.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on WS. KeyCorp upped their price target on shares of Worthington Steel from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Seaport Res Ptn reiterated a “neutral” rating on shares of Worthington Steel in a research note on Monday, March 11th.

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.