Worthington Steel, Inc. (NYSE:WS) Director Carl A. Nelson, Jr. Sells 12,000 Shares of Stock

Worthington Steel, Inc. (NYSE:WS) Director Carl A. Nelson, Jr. sold 12,000 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $30.89, for a total transaction of $370,680.00. Following the completion of the sale, the director now directly owns 85,583 shares in the company, valued at $2,643,658.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Worthington Steel Stock Performance

NYSE:WS opened at $30.79 on Wednesday. The firm has a fifty day simple moving average of $32.69. Worthington Steel, Inc. has a one year low of $21.00 and a one year high of $40.15.

Worthington Steel (NYSE:WS) last issued its quarterly earnings data on Thursday, March 21st. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.19. The firm had revenue of $805.80 million during the quarter, compared to analyst estimates of $664.80 million. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Worthington Steel, Inc. will post 2.92 earnings per share for the current year.

Worthington Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.08%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. TIAA Trust National Association acquired a new position in shares of Worthington Steel in the fourth quarter worth about $824,000. Denali Advisors LLC acquired a new position in shares of Worthington Steel during the 4th quarter worth about $1,682,000. Monument Capital Management acquired a new position in shares of Worthington Steel during the 4th quarter worth about $1,010,000. AlphaMark Advisors LLC acquired a new position in shares of Worthington Steel during the 4th quarter worth about $114,000. Finally, Wedge Capital Management L L P NC acquired a new position in shares of Worthington Steel during the 4th quarter worth about $2,021,000. Institutional investors and hedge funds own 45.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on WS shares. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Worthington Steel in a report on Monday, March 11th. KeyCorp upped their price target on shares of Worthington Steel from $39.00 to $40.00 and gave the company an “overweight” rating in a 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.