Windsor Advisory Group LLC Purchases 74,021 Shares of Worthington Steel, Inc. $WS

Windsor Advisory Group LLC lifted its position in shares of Worthington Steel, Inc. (NYSE:WS) by 55.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,555 shares of the company’s stock after purchasing an additional 74,021 shares during the quarter. Worthington Steel accounts for approximately 6.4% of Windsor Advisory Group LLC’s portfolio, making the stock its 4th largest holding. Windsor Advisory Group LLC’s holdings in Worthington Steel were worth $7,186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. grew its stake in shares of Worthington Steel by 56.4% during the 4th quarter. Hantz Financial Services Inc. now owns 910 shares of the company’s stock worth $32,000 after purchasing an additional 328 shares during the period. MAI Capital Management grew its stake in shares of Worthington Steel by 39.8% during the 3rd quarter. MAI Capital Management now owns 1,404 shares of the company’s stock worth $43,000 after purchasing an additional 400 shares during the period. Torren Management LLC acquired a new stake in shares of Worthington Steel during the 4th quarter worth approximately $48,000. Kestra Advisory Services LLC acquired a new stake in shares of Worthington Steel during the 4th quarter worth approximately $67,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Worthington Steel by 149.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,354 shares of the company’s stock worth $70,000 after purchasing an additional 1,412 shares during the period. Institutional investors and hedge funds own 45.41% of the company’s stock.

Worthington Steel Trading Down 2.5%

Shares of NYSE:WS opened at $40.66 on Wednesday. Worthington Steel, Inc. has a 1 year low of $24.23 and a 1 year high of $49.17. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 23.92 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.48 and a quick ratio of 0.90. The business’s 50 day moving average price is $38.70 and its 200-day moving average price is $38.05.

Worthington Steel (NYSE:WS) last announced its earnings results on Thursday, March 26th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). Worthington Steel had a net margin of 3.64% and a return on equity of 10.12%. The business had revenue of $769.80 million for the quarter, compared to analysts’ expectations of $882.95 million. During the same quarter last year, the business earned $0.35 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. On average, equities research analysts forecast that Worthington Steel, Inc. will post 2.15 earnings per share for the current fiscal year.

Worthington Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, June 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.6%. Worthington Steel’s dividend payout ratio (DPR) is 37.65%.

Analysts Set New Price Targets

A number of brokerages have recently commented on WS. KeyCorp raised their price objective on shares of Worthington Steel from $38.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Zacks Research raised shares of Worthington Steel from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Steel in a research note on Monday, April 20th. Finally, Wall Street Zen cut shares of Worthington Steel from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $46.00.

Insider Activity

In other news, COO Jeffrey R. Klingler sold 20,036 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $43.82, for a total transaction of $877,977.52. Following the transaction, the chief operating officer owned 93,212 shares in the company, valued at $4,084,549.84. This trade represents a 17.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Clifford Larivey sold 11,105 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $40.09, for a total value of $445,199.45. Following the completion of the transaction, the insider owned 64,308 shares in the company, valued at $2,578,107.72. The trade was a 14.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,708 shares of company stock worth $1,431,830 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

About Worthington Steel

Worthington Steel (NYSE: WS) is a leading North American steel processor specializing in the production of flat-rolled, coated and painted sheet and coil products. Operating as a wholly owned subsidiary of Worthington Industries, the company serves a broad range of industries, including construction, automotive, appliance, energy and agricultural equipment. Its core business activities encompass the processing, finishing and distribution of carbon and advanced high-strength steels, aluminum and stainless products to manufacturers across the continent.

The company’s product portfolio includes hot-dip galvanizing, galvannealed, aluminized and pre-painted steel products, as well as cold-rolled and hot-rolled coil.