New York State Teachers Retirement System Takes $1.71 Million Position in Worthington Steel, Inc. (NYSE:WS)

New York State Teachers Retirement System acquired a new stake in Worthington Steel, Inc. (NYSE:WS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 60,707 shares of the company’s stock, valued at approximately $1,706,000. New York State Teachers Retirement System owned approximately 0.12% of Worthington Steel at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of WS. SG Americas Securities LLC acquired a new position in shares of Worthington Steel in the 4th quarter valued at about $101,000. Salem Investment Counselors Inc. acquired a new position in shares of Worthington Steel in the 4th quarter valued at about $76,000. IFG Advisory LLC acquired a new position in shares of Worthington Steel in the 4th quarter valued at about $337,000. Ritholtz Wealth Management acquired a new position in shares of Worthington Steel in the 4th quarter valued at about $294,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Worthington Steel in the 4th quarter valued at about $526,000. 45.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WS shares. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Worthington Steel in a research note on Monday, March 11th. KeyCorp raised their target price on Worthington Steel from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd.

Worthington Steel Stock Performance

Shares of NYSE:WS opened at $32.87 on Wednesday. Worthington Steel, Inc. has a one year low of $21.00 and a one year high of $40.15. The company’s 50-day moving average is $32.50.

Worthington Steel (NYSE:WS) last posted its quarterly earnings data on Thursday, March 21st. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.19. The business had revenue of $805.80 million for the quarter, compared to analysts’ expectations of $664.80 million. The business’s revenue was up 3.2% on a year-over-year basis. On average, equities analysts forecast that Worthington Steel, Inc. will post 2.92 earnings per share for the current year.

Worthington Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders 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 annualized dividend and a dividend yield of 1.95%.

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.