Worthington Steel's 15-min chart triggers Bollinger Bands Narrowing, Bearish Marubozu pattern.

Based on the 15-minute chart of Worthington Steel, a narrowing of Bollinger Bands and a bearish Marubozu candlestick pattern at 13:30 on September 2, 2023, suggests a decrease in the magnitude of stock price fluctuations, indicating control by sellers, and likely continuation of bearish momentum.

Worthington Steel, Inc. (NYSE:WS) has been the subject of significant institutional investment activity in recent quarters. Russell Investments Group Ltd. increased its stake in the company by 16.6% during the first quarter, owning approximately 0.18% of the company worth about $2.34 million [1]. Additionally, American Century Companies Inc. boosted its stake by 966.1%, owning about 0.53% of Worthington Steel worth $6.818 million [2].

The company reported a quarterly earnings per share (EPS) of $1.05, exceeding analyst expectations of $0.83, despite an 8.6% decline in revenue compared to the previous year. Worthington Steel also announced a quarterly dividend of $0.16 per share, representing an annual yield of 1.9% and a dividend payout ratio of 29.36% [1].

Technical analysis of Worthington Steel's stock suggests a narrowing of Bollinger Bands and a bearish Marubozu candlestick pattern at 13:30 on September 2, 2023. This pattern indicates a decrease in the magnitude of stock price fluctuations, suggesting control by sellers and likely continuation of bearish momentum [3].

Institutional investors have been actively participating in Worthington Steel's stock. Nuveen LLC, Lido Advisors LLC, Charles Schwab Investment Management Inc., First Trust Advisors LP, Foundry Partners LLC, CWM LLC, Tower Research Capital LLC, Voleon Capital Management LP, Harbor Capital Advisors Inc., and Raymond James Financial Inc. have all made significant changes to their positions in the company's stock [1, 2].

Wall Street Zen upgraded Worthington Steel from a "hold" rating to a "buy" rating in a research note, with a consensus rating of "Buy" and an average price target of $34.00 [1, 2]. Despite this positive rating, the stock has been trading down, opening at $33.47 on September 2, 2025, with a market capitalization of $1.70 billion, a P/E ratio of 15.35, and a beta of 1.87 [2].

Worthington Steel operates as a steel processor in North America, offering carbon flat-rolled steel, tailor welded blanks, electrical steel laminations, and aluminum tailor welded blanks to various end-markets, including automotive, heavy truck, agriculture, construction, and energy [4].

References:
[1] https://www.marketbeat.com/instant-alerts/filing-worthington-steel-inc-ws-stock-holdings-lifted-by-russell-investments-group-ltd-2025-08-26/
[2] https://www.marketbeat.com/instant-alerts/filing-american-century-companies-inc-has-682-million-stake-in-worthington-steel-inc-ws-2025-08-28/
[3] https://www.marketbeat.com/instant-alerts/filing-worthington-steel-inc-ws-stock-holdings-lifted-by-russell-investments-group-ltd-2025-08-26/
[4] https://www.marketbeat.com/instant-alerts/filing-worthington-steel-inc-ws-stock-holdings-lifted-by-russell-investments-group-ltd-2025-08-26/