Creative Planning purchased a new position in shares of Worthington Industries, Inc. (NYSE:WOR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,574 shares of the industrial products company’s stock, valued at approximately $246,000.
Several other large investors also recently bought and sold shares of WOR. Salem Investment Counselors Inc. increased its position in shares of Worthington Industries by 166.7% during the 3rd quarter. Salem Investment Counselors Inc. now owns 2,699 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 1,687 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Worthington Industries by 78.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,675 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 1,175 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Worthington Industries during the 2nd quarter worth approximately $212,000. Flinton Capital Management LLC boosted its stake in shares of Worthington Industries by 57.3% during the 2nd quarter. Flinton Capital Management LLC now owns 4,386 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 1,598 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Worthington Industries during the 3rd quarter worth approximately $235,000. 51.63% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded Worthington Industries from a “sell” rating to a “hold” rating in a research note on Saturday, December 23rd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $46.50.
Worthington Industries, Inc. (WOR) opened at $44.12 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.32 and a current ratio of 2.11. Worthington Industries, Inc. has a one year low of $39.52 and a one year high of $53.27. The company has a market capitalization of $2,720.00, a P/E ratio of 16.10, a PEG ratio of 3.53 and a beta of 1.10.
Worthington Industries (NYSE:WOR) last issued its earnings results on Tuesday, December 19th. The industrial products company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). Worthington Industries had a return on equity of 17.07% and a net margin of 5.43%. The business had revenue of $871.30 million for the quarter, compared to the consensus estimate of $823.50 million. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The business’s revenue was up 19.7% compared to the same quarter last year. research analysts anticipate that Worthington Industries, Inc. will post 3.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.90%. Worthington Industries’s dividend payout ratio is currently 30.66%.
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About Worthington Industries
Worthington Industries, Inc is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The Company’s segments include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Steel Processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors.
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