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COLUMBUS - Worthington Steel, Inc. (NYSE:WS), a prominent North American metals processor with a market capitalization of $1.32 billion, announced a quarterly dividend of $0.16 per common share, payable on June 27, 2025, to shareholders of record as of June 13, 2025. The company’s annual dividend yield stands at 2.45%, and according to InvestingPro analysis, the stock currently trades at an attractive P/E ratio of 10.7x, suggesting potential undervaluation.
In addition to the dividend declaration, the company has scheduled a conference call to review its fiscal 2025 third-quarter results. The call is set for 8:30 a.m. ET on Thursday. It will be accessible via a live webcast on the Investor Relations section of the company’s website, where it will also be archived for a year. InvestingPro analysis reveals the company maintains a GOOD financial health score, with 6 additional key insights available to subscribers.
Worthington Steel specializes in carbon flat-roll steel processing, electrical steel laminations, and tailor welded solutions, focusing on driving steel towards a sustainable future. The company operates 32 facilities across seven states and six countries and employs approximately 5,000 people. With a commitment to sustainability and a people-first philosophy, Worthington Steel aims to create value for customers, opportunities for employees, and strengthen the communities it serves. The company operates with moderate debt levels and maintains strong interest coverage ratios.
The information for this article is based on a press release statement from Worthington Steel, Inc.
In other recent news, Worthington Steel Inc. has been the subject of a revised analysis by KeyBanc Capital Markets. The firm lowered its price target for the company from $41.00 to $34.00, while maintaining an Overweight rating. This adjustment is attributed to challenges in the automotive supply chain, product mix, and broader economic volatility, which are expected to impact Worthington Steel’s earnings into the third quarter of fiscal year 2025. Despite this, KeyBanc remains optimistic about the company’s mid- to long-term prospects, particularly in electrical steel growth initiatives, suggesting that successful execution could boost the share price above $40 in the long term.
Additionally, Southland Holdings, Inc. has converted $20 million of management debt into equity by issuing 5,830,899 shares at $3.43 each to key management members, including President and CEO Frank Renda. This move is intended to strengthen Southland’s balance sheet and reflects confidence in the company’s long-term value. The transaction was conducted in a private placement under specific securities regulations, indicating it is not registered under the Securities Act or state laws. These developments highlight strategic financial maneuvers by both Worthington Steel and Southland Holdings to navigate current economic conditions and position themselves for future growth.
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