Burney Co. Has $372,000 Stake in Worthington Steel, Inc. (NYSE:WS)

Burney Co. lowered its position in shares of Worthington Steel, Inc. (NYSE:WS) by 18.8% during the second quarter, HoldingsChannel reports. The fund owned 11,165 shares of the company’s stock after selling 2,585 shares during the quarter. Burney Co.’s holdings in Worthington Steel were worth $372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Worthington Steel by 30.1% during the first quarter. Vanguard Group Inc. now owns 5,246,781 shares of the company’s stock valued at $188,097,000 after acquiring an additional 1,215,248 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Worthington Steel in the fourth quarter valued at $68,769,000. Norges Bank bought a new position in Worthington Steel during the 4th quarter worth $9,313,000. Charles Schwab Investment Management Inc. acquired a new position in Worthington Steel during the 4th quarter worth about $8,339,000. Finally, Bank of New York Mellon Corp grew its position in shares of Worthington Steel by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 267,935 shares of the company’s stock valued at $8,938,000 after buying an additional 6,433 shares during the last quarter. Institutional investors and hedge funds own 45.41% of the company’s stock.

Worthington Steel Trading Up 2.0 %

Shares of WS stock traded up $0.67 on Thursday, hitting $35.01. The company had a trading volume of 100,971 shares, compared to its average volume of 213,611. Worthington Steel, Inc. has a twelve month low of $21.00 and a twelve month high of $41.01. The stock’s 50-day moving average is $34.27 and its two-hundred day moving average is $33.06.

Worthington Steel (NYSE:WS) last released its earnings results on Wednesday, June 26th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.39. The firm had revenue of $911.00 million for the quarter, compared to analyst estimates of $876.30 million. Worthington Steel’s revenue was up 3.1% on a year-over-year basis. On average, equities research analysts forecast that Worthington Steel, Inc. will post 2.79 earnings per share for the current year.

Worthington Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.16 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.64 annualized dividend and a yield of 1.83%.

About Worthington Steel

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.