Eastern Bank bought a new stake in shares of Worthington Steel, Inc. (NYSE:WS – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,922 shares of the company’s stock, valued at approximately $99,000.
Several other large investors also recently added to or reduced their stakes in WS. Van ECK Associates Corp purchased a new position in shares of Worthington Steel during the 1st quarter valued at $2,010,000. Russell Investments Group Ltd. grew its holdings in shares of Worthington Steel by 51.4% during the 1st quarter. Russell Investments Group Ltd. now owns 54,603 shares of the company’s stock valued at $1,958,000 after acquiring an additional 18,547 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Worthington Steel by 30.1% during the 1st 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 in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Worthington Steel during the 1st quarter valued at $723,000. Finally, Virtu Financial LLC purchased a new position in shares of Worthington Steel during the 1st quarter valued at $694,000. 45.41% of the stock is owned by institutional investors and hedge funds.
Worthington Steel Stock Up 3.0 %
Worthington Steel stock opened at $36.57 on Friday. The company’s fifty day simple moving average is $33.92 and its 200-day simple moving average is $33.53. Worthington Steel, Inc. has a 12 month low of $21.00 and a 12 month high of $41.01. The stock has a market cap of $1.84 billion and a P/E ratio of 14.75.
Worthington Steel Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, December 13th. Worthington Steel’s dividend payout ratio is presently 25.81%.
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.
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