Worthington Steel (WS) CFO Timothy Adams Buys 8,150 Shares

Timothy Adams, the Chief Financial Officer of Worthington Steel, Inc. (NYSE:WS), purchased 8,150 shares of the company on June 26, 2026. This transaction was not part of a pre-planned trading program. The stock traded near $34.10 on Wednesday.

Insider Buying and Selling at Worthington Steel, Inc.

Alongside Timothy Adams, several other executives at Worthington Steel made transactions on June 26, 2026. Jeffrey Klingler, the Chief Operating Officer, bought 10,590 shares, while Joseph Heuer, General Counsel, acquired 4,890 shares. John Blystone, the Executive Chairman, was active as well, purchasing 14,665 shares on the same day. Clifford Larivey, President of Flat Rolled Steel Processing, also bought 6,110 shares.

Other Institutional Activity in Worthington Steel

Several institutional investors have recently adjusted their positions in Worthington Steel. BlackRock, Inc. reduced its holdings by 351,582 shares, leaving it with 5,104,629 shares valued at approximately $154.93 million, a 6.4% decrease. Dimensional Fund Advisors LP increased its stake by 68,775 shares to a total of 2,520,318 shares worth about $76.48 million, marking a 2.8% increase. Vanguard Portfolio Management LLC opened a new position with 2,276,276 shares valued at $69.08 million. State Street Corp raised its holdings by 411,693 shares to 2,264,356 shares, valued at $68.72 million, reflecting a 22.2% increase. AllianceBernstein L.P. trimmed its position by 58,902 shares, now holding 956,241 shares worth $33.11 million, a 5.8% decrease.

Worthington Steel, Inc. Stock Up 2.3%

Shares of Worthington Steel traded near $34.10 on Wednesday. The company has a market capitalization of approximately $1.68 billion and a P/E ratio of 98.76, with a forward P/E of 13.43. Its beta is 2.201, indicating higher volatility compared to the market. The stock has traded between $27.22 and $49.17 over the past 52 weeks, with a 50-day moving average of $39.69 and a 200-day moving average of $36.33. Worthington Steel's current ratio is 1.484, and its quick ratio is 0.724, with a debt-to-equity ratio of 25.976.

Recent Earnings

In its recent earnings report, Worthington Steel recorded revenue of $3.35 billion, reflecting a 12% growth. The company's earnings per share stood at $0.34, while its net margin was 3.64%. The return on equity was 10.38%. The next earnings report is expected on September 30, 2026.

Dividend

Worthington Steel pays an annual dividend of $0.64 per share, yielding 1.61%. The dividend payout ratio is 26.67%.

Analysts Set New Price Targets

Keybanc has maintained its 'buy' rating for Worthington Steel, setting a price target of $46 on March 25, 2026. Overall, the consensus recommendation for the stock is a 'buy', with a mean target price of $46 based on one analyst opinion.

About Worthington Steel

Worthington Steel, Inc. is a steel processor headquartered in Columbus, Ohio. The company, led by CEO Mr. Geoffrey G. Gilmore, employs around 6,000 people. It specializes in carbon flat-rolled steel, tailor welded blanks, and other steel products, serving various sectors such as automotive, construction, and energy. Worthington Steel also offers warehousing and logistics services.

Bottom Line

Timothy Adams' purchase of Worthington Steel shares signals confidence in the company's prospects. Investors keep a close eye on such insider transactions for potential insights. It's important to remember that these transactions are disclosed after they occur and might not reflect current holdings.