S.A. Mason LLC Acquires 99,520 Shares of Steelcase Inc. $SCS

S.A. Mason LLC grew its holdings in shares of Steelcase Inc. (NYSE:SCS) by 294.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,313 shares of the business services provider’s stock after buying an additional 99,520 shares during the period. S.A. Mason LLC’s holdings in Steelcase were worth $1,390,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SCS. Deutsche Bank AG boosted its holdings in shares of Steelcase by 57.0% during the 4th quarter. Deutsche Bank AG now owns 80,787 shares of the business services provider’s stock valued at $955,000 after buying an additional 29,325 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Steelcase by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,596 shares of the business services provider’s stock valued at $622,000 after buying an additional 1,741 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Steelcase by 93.6% during the 4th quarter. Millennium Management LLC now owns 694,625 shares of the business services provider’s stock valued at $8,210,000 after buying an additional 335,889 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Steelcase by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 26,067 shares of the business services provider’s stock valued at $308,000 after buying an additional 8,589 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of Steelcase by 25.0% during the 4th quarter. Two Sigma Investments LP now owns 92,346 shares of the business services provider’s stock valued at $1,092,000 after buying an additional 18,454 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SCS. Wall Street Zen lowered Steelcase from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Noble Financial lowered Steelcase from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Steelcase has an average rating of “Hold” and an average target price of $16.00.

Insider Transactions at Steelcase

In related news, VP Robert G. Krestakos sold 12,000 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $10.63, for a total value of $127,560.00. Following the completion of the sale, the vice president directly owned 127,912 shares of the company’s stock, valued at approximately $1,359,704.56. This represents a 8.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 6.75% of the company’s stock.

Steelcase Stock Performance

SCS opened at $16.90 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.61 and a beta of 1.26. The company’s 50 day moving average is $14.70 and its 200 day moving average is $11.97. Steelcase Inc. has a 12-month low of $9.31 and a 12-month high of $17.25.

Steelcase (NYSE:SCS) last posted its quarterly earnings data on Wednesday, June 25th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The company had revenue of $779.00 million for the quarter, compared to the consensus estimate of $759.90 million. Steelcase had a net margin of 3.84% and a return on equity of 14.49%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. Steelcase has set its Q2 2026 guidance at 0.360-0.400 EPS. On average, equities research analysts predict that Steelcase Inc. will post 1 EPS for the current year.

Steelcase Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, July 7th. Steelcase’s dividend payout ratio is currently 38.83%.

Steelcase Profile

Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens.