Worthington Steel, Inc. (NYSE:WS) Shares Acquired by G2 Capital Management LLC OH

G2 Capital Management LLC OH lifted its stake in shares of Worthington Steel, Inc. (NYSE:WS) by 44.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,145 shares of the company’s stock after buying an additional 3,410 shares during the period. G2 Capital Management LLC OH’s holdings in Worthington Steel were worth $372,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC acquired a new position in Worthington Steel in the 4th quarter worth approximately $30,000. CWM LLC increased its stake in shares of Worthington Steel by 845.4% in the second quarter. CWM LLC now owns 1,021 shares of the company’s stock worth $34,000 after acquiring an additional 913 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Worthington Steel during the first quarter worth $37,000. TFO Wealth Partners LLC acquired a new position in Worthington Steel during the fourth quarter valued at $50,000. Finally, SG Americas Securities LLC lifted its position in Worthington Steel by 42.4% during the first quarter. SG Americas Securities LLC now owns 5,111 shares of the company’s stock valued at $183,000 after purchasing an additional 1,522 shares during the period. 45.41% of the stock is owned by hedge funds and other institutional investors.

Worthington Steel Stock Up 2.1 %

Shares of WS opened at $33.82 on Wednesday. The business’s 50-day moving average is $34.48 and its two-hundred day moving average is $33.24. Worthington Steel, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $41.01.

Worthington Steel (NYSE:WS) last posted its earnings results on Wednesday, June 26th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.67 by $0.39. The company had revenue of $911.00 million for the quarter, compared to analyst estimates of $876.30 million. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts anticipate that Worthington Steel, Inc. will post 2.79 earnings per share for the current fiscal year.

Worthington Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, September 13th.

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.