We recently compiled a list of the 10 Undervalued Smallcap Stocks Billionaires Are Quietly Loading Up On. Worthington Steel, Inc. is one of the cheap stocks to buy on our list.

TheFly reported on March 27 that KeyBanc adjusted its price target for WS downward to $38 from $46 while maintaining an Overweight rating on the stock. The revision follows weaker-than-expected third-quarter results and an approximate 15% decline in the share price. The firm also lowered its fiscal 2026 earnings-per-share forecast due to continued pressure from tight galvanized spreads and reduced its fiscal 2027 EPS estimate, anticipating slower spread recovery and slightly lower production volumes after 2026.

Earlier on March 25, Worthington Steel, Inc. (NYSE:WS) released its financial results for the third quarter of fiscal 2026, ending February 28. The company recorded net sales of $769.8 million, up 12% from the prior-year quarter, driven by higher direct volumes and increased average selling prices, partially offset by lower toll volumes.

The business also reported that its operating income fell to $3.1 million from $18.3 million, while net earnings attributable to controlling interest were $10.4 million, or $0.20 per diluted share. Adjusted net earnings came to $13.6 million, or $0.27 per diluted share. The company also declared a quarterly dividend of $0.16 per share payable June 26, 2026, and advanced a public tender offer to acquire Kloeckner & Co SE, with completion expected in the second half of 2026.

Worthington Steel, Inc. (NYSE:WS) is a U.S.-based diversified metals manufacturing company producing steel and metal products, including pressure cylinders, industrial steel, and fabricated steel solutions for automotive, construction, and industrial markets worldwide.

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