Capital Fund Management S.A. Has $6.79 Million Stake in Worthington Industries, Inc. (WOR)

Capital Fund Management S.A. grew its stake in shares of Worthington Industries, Inc. (NYSE:WOR) by 37.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,063 shares of the industrial products company’s stock after buying an additional 42,112 shares during the period. Capital Fund Management S.A. owned 0.25% of Worthington Industries worth $6,788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WOR. Gotham Asset Management LLC bought a new stake in shares of Worthington Industries during the second quarter valued at about $423,000. The Manufacturers Life Insurance Company increased its position in shares of Worthington Industries by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 98,171 shares of the industrial products company’s stock valued at $4,931,000 after buying an additional 1,033 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Worthington Industries during the second quarter valued at about $212,000. Public Employees Retirement System of Ohio increased its position in shares of Worthington Industries by 0.6% during the second quarter. Public Employees Retirement System of Ohio now owns 18,243 shares of the industrial products company’s stock valued at $916,000 after buying an additional 108 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Worthington Industries during the third quarter valued at about $3,588,000. Hedge funds and other institutional investors own 53.47% of the company’s stock.

In other news, VP Dale T. Brinkman sold 6,874 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $48.32, for a total transaction of $332,151.68. Following the completion of the transaction, the vice president now owns 35,992 shares of the company’s stock, valued at $1,739,133.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.30% of the stock is currently owned by insiders.

Shares of Worthington Industries, Inc. (NYSE:WOR) opened at $46.70 on Friday. Worthington Industries, Inc. has a 52-week low of $39.52 and a 52-week high of $53.27. The firm has a market capitalization of $2,819.09, a PE ratio of 16.84, a PEG ratio of 3.54 and a beta of 1.11. The company has a current ratio of 2.11, a quick ratio of 1.32 and a debt-to-equity ratio of 0.74.

Worthington Industries (NYSE:WOR) last announced its quarterly earnings results on Tuesday, December 19th. The industrial products company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). Worthington Industries had a net margin of 5.43% and a return on equity of 17.07%. The company 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 company earned $0.75 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. sell-side analysts predict that Worthington Industries, Inc. will post 3.08 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Wednesday, March 14th. Worthington Industries’s payout ratio is 30.66%.

Separately, Zacks Investment Research cut Worthington Industries from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $46.50.

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

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