PDS Planning Inc Invests $355,000 in Worthington Steel, Inc. (NYSE:WS)

PDS Planning Inc acquired a new position in Worthington Steel, Inc. (NYSE:WS) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 12,650 shares of the company’s stock, valued at approximately $355,000.

Other large investors have also recently modified their holdings of the company. Key Financial Inc bought a new stake in Worthington Steel during the 4th quarter valued at approximately $28,000. Clean Yield Group purchased a new position in Worthington Steel in the 4th quarter worth approximately $34,000. Salem Investment Counselors Inc. purchased a new position in Worthington Steel in the 4th quarter worth approximately $76,000. Cambridge Trust Co. purchased a new position in Worthington Steel in the 4th quarter worth approximately $82,000. Finally, SG Americas Securities LLC purchased a new stake in Worthington Steel during the 4th quarter valued at $101,000. Hedge funds and other institutional investors own 45.41% of the company’s stock.

Worthington Steel Trading Down 0.7 %

WS traded down $0.24 during mid-day trading on Tuesday, reaching $32.67. 31,131 shares of the company traded hands, compared to its average volume of 236,297. The stock’s fifty day moving average is $32.65. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.19. The company had revenue of $805.80 million for the quarter, compared to analysts’ expectations of $664.80 million. The company’s revenue was up 3.2% on a year-over-year basis. As a group, research analysts forecast that Worthington Steel, Inc. will post 2.92 EPS for the current fiscal year.

Worthington Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.64 annualized dividend and a dividend yield of 1.96%.

Wall Street Analysts Forecast Growth

WS has been the subject of a number of research reports. KeyCorp boosted their target price 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.