Wedge Capital Management L L P NC Invests $2.02 Million in Worthington Steel, Inc. (NYSE:WS)

Wedge Capital Management L L P NC purchased a new position in shares of Worthington Steel, Inc. (NYSE:WS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 71,905 shares of the company’s stock, valued at approximately $2,021,000. Wedge Capital Management L L P NC owned about 0.14% of Worthington Steel as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WS. TIAA Trust National Association acquired a new position in shares of Worthington Steel in the fourth quarter valued at $824,000. Denali Advisors LLC acquired a new position in shares of Worthington Steel in the fourth quarter valued at $1,682,000. Monument Capital Management acquired a new position in shares of Worthington Steel in the fourth quarter valued at $1,010,000. AlphaMark Advisors LLC acquired a new position in shares of Worthington Steel in the fourth quarter valued at $114,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Worthington Steel in the fourth quarter valued at $2,848,000. 45.41% of the stock is currently owned by institutional investors and hedge funds.

Worthington Steel Trading Down 0.7 %

Shares of WS stock opened at $32.54 on Thursday. The business’s fifty day simple moving average is $32.72. Worthington Steel, Inc. has a 52 week low of $21.00 and a 52 week high of $40.15.

Worthington Steel (NYSE:WS) last announced its earnings results on Thursday, March 21st. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.80 by $0.19. The business had revenue of $805.80 million for the quarter, compared to the consensus estimate of $664.80 million. The business’s revenue was up 3.2% compared to the same quarter last year. As a group, equities 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. Stockholders 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 1.97%. The ex-dividend date of this dividend is Friday, June 14th.

Analyst Upgrades and Downgrades

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 report on Monday, March 11th. KeyCorp upped their price target on Worthington Steel from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd.

Worthington Steel Company 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.