Fisher Asset Management LLC Takes $2.56 Million Position in Worthington Steel, Inc. (NYSE:WS)

Fisher Asset Management LLC purchased a new stake in Worthington Steel, Inc. (NYSE:WS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 91,114 shares of the company’s stock, valued at approximately $2,560,000. Fisher Asset Management LLC owned about 0.18% of Worthington Steel at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. TIAA Trust National Association purchased a new stake in shares of Worthington Steel in the fourth quarter valued at $824,000. Denali Advisors LLC purchased a new position in shares of Worthington Steel during the fourth quarter valued at approximately $1,682,000. Monument Capital Management bought a new position in shares of Worthington Steel during the fourth quarter valued at approximately $1,010,000. AlphaMark Advisors LLC bought a new position in shares of Worthington Steel during the fourth quarter valued at approximately $114,000. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Worthington Steel in the fourth quarter worth approximately $2,021,000. Hedge funds and other institutional investors own 45.41% of the company’s stock.

Insider Buying and Selling at Worthington Steel

In related news, Director Carl A. Nelson, Jr. sold 12,000 shares of Worthington Steel 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 transaction, the director now directly owns 85,583 shares of the company’s stock, valued at $2,643,658.87. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

Several brokerages have commented on WS. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Worthington Steel in a research report on Monday, March 11th. KeyCorp upped their price target on shares of Worthington Steel from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd.

Worthington Steel Stock Down 2.7 %

Worthington Steel stock opened at $31.69 on Thursday. The company’s 50 day moving average is $32.88. Worthington Steel, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $40.15.

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

Worthington Steel Dividend Announcement

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 issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, June 14th.

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.