Jefferies Financial Group Inc. Takes $1.54 Million Position in Worthington Steel, Inc. (NYSE:WS)

Jefferies Financial Group Inc. acquired a new stake in shares of Worthington Steel, Inc. (NYSE:WS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 48,240 shares of the company’s stock, valued at approximately $1,535,000.

Other hedge funds have also recently modified their holdings of the company. Anchor Investment Management LLC bought a new stake in shares of Worthington Steel during the 4th quarter valued at $32,000. Tower Research Capital LLC TRC grew its position in shares of Worthington Steel by 82.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the company’s stock valued at $132,000 after acquiring an additional 1,883 shares during the period. Voleon Capital Management LP bought a new stake in shares of Worthington Steel during the 4th quarter valued at $213,000. KLP Kapitalforvaltning AS bought a new stake in shares of Worthington Steel during the 4th quarter valued at $220,000. Finally, Bank of Montreal Can grew its position in shares of Worthington Steel by 6.0% during the 4th quarter. Bank of Montreal Can now owns 8,848 shares of the company’s stock valued at $282,000 after acquiring an additional 497 shares during the period. Institutional investors own 45.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, KeyCorp cut their price objective on shares of Worthington Steel from $41.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, March 7th.

Worthington Steel Stock Performance

Shares of Worthington Steel stock opened at $25.57 on Thursday. The company has a market capitalization of $1.30 billion, a P/E ratio of 8.97 and a beta of 1.98. The company has a fifty day moving average of $25.43 and a 200 day moving average of $30.64. Worthington Steel, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $47.19.

Worthington Steel (NYSE:WS) last issued its earnings results on Wednesday, March 19th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.32). The firm had revenue of $687.40 million during the quarter, compared to the consensus estimate of $732.00 million. Worthington Steel had a return on equity of 12.59% and a net margin of 4.36%. The company’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 EPS. Analysts forecast that Worthington Steel, Inc. will post 2.26 EPS for the current year.

Worthington Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Friday, June 13th. Worthington Steel’s dividend payout ratio is currently 29.91%.

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.