G2 Capital Management LLC OH Raises Stock Holdings in Worthington Steel, Inc. (NYSE:WS)

G2 Capital Management LLC OH raised its holdings in Worthington Steel, Inc. (NYSE:WS) by 44.1% during the 2nd quarter, Holdings Channel reports. The firm owned 11,145 shares of the company’s stock after buying an additional 3,410 shares during the quarter. G2 Capital Management LLC OH’s holdings in Worthington Steel were worth $372,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Worthington Steel during the 4th quarter valued at approximately $30,000. CWM LLC raised its position in Worthington Steel by 845.4% during 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 Worthington Steel during the first quarter valued at $37,000. TFO Wealth Partners LLC acquired a new stake in shares of Worthington Steel in the fourth quarter valued at about $50,000. Finally, SG Americas Securities LLC grew its position in shares of Worthington Steel by 42.4% in 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 currently owned by hedge funds and other institutional investors.

Worthington Steel Stock Performance

WS opened at $33.82 on Wednesday. Worthington Steel, Inc. has a twelve month low of $21.00 and a twelve month high of $41.01. The company has a 50-day moving average price of $34.48 and a 200 day moving average price of $33.24.

Worthington Steel (NYSE:WS) last posted its quarterly earnings data on Wednesday, June 26th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.67 by $0.39. The firm 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, equities analysts forecast that Worthington Steel, Inc. will post 2.79 EPS for the current fiscal year.

Worthington Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders 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 dividend on an annualized basis and a yield of 1.89%.

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.