Fuller & Thaler Asset Management Inc. Has $5.30 Million Stake in Worthington Industries, Inc. (WOR)

Fuller & Thaler Asset Management Inc. lessened its holdings in shares of Worthington Industries, Inc. (NYSE:WOR) by 21.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,263 shares of the industrial products company’s stock after selling 32,427 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.21% of Worthington Industries worth $5,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Worthington Industries by 5.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,118,979 shares of the industrial products company’s stock valued at $91,876,000 after purchasing an additional 111,766 shares during the period. Victory Capital Management Inc. raised its position in shares of Worthington Industries by 8.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,509,040 shares of the industrial products company’s stock valued at $65,432,000 after purchasing an additional 120,143 shares during the period. Voya Investment Management LLC raised its position in shares of Worthington Industries by 2.4% during the 2nd quarter. Voya Investment Management LLC now owns 1,212,125 shares of the industrial products company’s stock valued at $50,873,000 after purchasing an additional 28,072 shares during the period. Macquarie Group Ltd. raised its position in shares of Worthington Industries by 10.8% during the 2nd quarter. Macquarie Group Ltd. now owns 1,151,872 shares of the industrial products company’s stock valued at $48,344,000 after purchasing an additional 112,524 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Worthington Industries by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 844,972 shares of the industrial products company’s stock valued at $36,637,000 after purchasing an additional 14,203 shares during the period. Institutional investors and hedge funds own 50.17% of the company’s stock.

Shares of WOR stock opened at $41.42 on Friday. The firm has a market cap of $2.44 billion, a PE ratio of 13.13 and a beta of 0.84. Worthington Industries, Inc. has a one year low of $38.75 and a one year high of $49.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.18 and a current ratio of 1.98.

Worthington Industries (NYSE:WOR) last announced its quarterly earnings results on Wednesday, September 26th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.10). The company had revenue of $988.10 million during the quarter, compared to the consensus estimate of $1.03 billion. Worthington Industries had a net margin of 5.49% and a return on equity of 18.42%. The business’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. On average, equities analysts forecast that Worthington Industries, Inc. will post 3.21 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.92 dividend on an annualized basis and a yield of 2.22%. Worthington Industries’s dividend payout ratio is currently 31.94%.

Several brokerages have recently commented on WOR. ValuEngine downgraded shares of Worthington Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Zacks Investment Research downgraded shares of Worthington Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. JPMorgan Chase & Co. decreased their price objective on shares of Worthington Industries from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, September 27th. Finally, Jefferies Financial Group decreased their price objective on shares of Worthington Industries from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, September 27th.

ILLEGAL ACTIVITY WARNING: “Fuller & Thaler Asset Management Inc. Has $5.30 Million Stake in Worthington Industries, Inc. (WOR)” was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.com-unik.info/2018/12/01/fuller-thaler-asset-management-inc-has-5-30-million-stake-in-worthington-industries-inc-wor.html.

Worthington Industries Company Profile

Worthington Industries, Inc, a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Austria, Canada, Mexico, Poland, Portugal, and Turkey. The company operates through three segments: Steel Processing, Pressure Cylinders, and Engineered Cabs.

Read More: Leveraged Buyout (LBO) Explained

Institutional Ownership by Quarter for Worthington Industries (NYSE:WOR)

Receive News & Ratings for Worthington Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worthington Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit