Amalgamated Bank Buys Shares of 6,549 Worthington Industries, Inc. (WOR)

Amalgamated Bank bought a new stake in shares of Worthington Industries, Inc. (NYSE:WOR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,549 shares of the industrial products company’s stock, valued at approximately $228,000.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its position in Worthington Industries by 12.5% during the 4th quarter. Bank of Montreal Can now owns 3,250 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 360 shares during the period. Dupont Capital Management Corp acquired a new position in Worthington Industries during the 4th quarter valued at about $119,000. Clean Yield Group acquired a new position in Worthington Industries during the 4th quarter valued at about $142,000. Amundi Pioneer Asset Management Inc. acquired a new position in Worthington Industries during the 4th quarter valued at about $174,000. Finally, Raymond James & Associates lifted its position in Worthington Industries by 26.1% during the 4th quarter. Raymond James & Associates now owns 6,285 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 49.73% of the company’s stock.

Shares of WOR stock opened at $39.52 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.13 and a quick ratio of 1.27. The stock has a market capitalization of $2.23 billion, a PE ratio of 13.72 and a beta of 1.00. Worthington Industries, Inc. has a one year low of $31.42 and a one year high of $49.65.

Worthington Industries (NYSE:WOR) last announced its quarterly earnings results on Wednesday, March 20th. The industrial products company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. The company had revenue of $874.38 million during the quarter, compared to analysts’ expectations of $927.32 million. Worthington Industries had a return on equity of 18.38% and a net margin of 3.81%. As a group, sell-side analysts expect that Worthington Industries, Inc. will post 2.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.33%. Worthington Industries’s dividend payout ratio (DPR) is presently 31.94%.

Separately, Zacks Investment Research downgraded shares of Worthington Industries from a “hold” rating to a “sell” rating in a research report on Friday, February 15th.

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Worthington Industries 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.

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

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