Worthington Steel, Inc. (NYSE:WS) Shares Purchased by Gallacher Capital Management LLC

Gallacher Capital Management LLC grew its stake in shares of Worthington Steel, Inc. (NYSE:WS) by 45.1% during the second quarter, HoldingsChannel reports. The firm owned 19,349 shares of the company’s stock after buying an additional 6,011 shares during the period. Gallacher Capital Management LLC’s holdings in Worthington Steel were worth $645,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. acquired a new stake in Worthington Steel during the 4th quarter valued at $113,286,000. Dimensional Fund Advisors LP acquired a new stake in shares of Worthington Steel during the fourth quarter valued at about $68,769,000. Norges Bank purchased a new stake in shares of Worthington Steel during the fourth quarter worth about $9,313,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Worthington Steel in the fourth quarter worth about $8,339,000. Finally, Private Wealth Strategies L.L.C. acquired a new position in shares of Worthington Steel in the second quarter worth about $6,955,000. Hedge funds and other institutional investors own 45.41% of the company’s stock.

Worthington Steel Stock Performance

Shares of NYSE WS opened at $31.10 on Friday. Worthington Steel, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $41.01. The business has a 50 day moving average price of $34.51 and a two-hundred day moving average price of $33.17.

Worthington Steel (NYSE:WS) last released its earnings results on Wednesday, June 26th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.67 by $0.39. The business had revenue of $911.00 million for the quarter, compared to analysts’ expectations of $876.30 million. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts expect that Worthington Steel, Inc. will post 2.79 EPS for the current fiscal year.

Worthington Steel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.06%.

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.