Worthington Steel, Inc.
No enriched coverage for $WS in the last 7 days.
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KeyBanc has lowered its price target for Worthington Steel, Inc. (WS) following the company's weak third-quarter results. The adjustment reflects analyst concerns regarding the company's recent financial performance.
Worthington Steel has amended its voluntary public cash takeover offer for Kloeckner, reducing the minimum acceptance threshold from 65% to 57.5%. The deadline for the offer has also been extended by two weeks to March 26, 2026. These changes are designed to increase the likelihood of the transaction's successful completion.
Worthington Steel, Inc. director Kelly Scott J. recently purchased 7,000 shares of common stock for $273,769. This transaction increases Kelly's direct ownership to 16,157 shares. The company has also announced plans to acquire Klöckner & Co. for €11 per share, a move expected to fortify its position as the second-largest steel service center in North America.
