Murphy Capital Management Inc. trimmed its position in shares of Worthington Industries, Inc. (NYSE:WOR) by 22.6% during the 3rd quarter, Holdings Channel reports. The firm owned 5,150 shares of the industrial products company’s stock after selling 1,500 shares during the quarter. Murphy Capital Management Inc.’s holdings in Worthington Industries were worth $223,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of WOR. BlackRock Inc. grew its holdings in Worthington Industries by 4.2% during the 1st quarter. BlackRock Inc. now owns 5,479,063 shares of the industrial products company’s stock valued at $235,162,000 after purchasing an additional 220,509 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Worthington Industries by 9.2% during the 2nd quarter. Victory Capital Management Inc. now owns 1,388,897 shares of the industrial products company’s stock valued at $58,292,000 after purchasing an additional 116,552 shares during the last quarter. Macquarie Group Ltd. grew its holdings in 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 last quarter. Fisher Asset Management LLC bought a new position in Worthington Industries during the 2nd quarter valued at about $4,430,000. Finally, Dimensional Fund Advisors LP grew its holdings in Worthington Industries by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,213 shares of the industrial products company’s stock valued at $84,246,000 after purchasing an additional 95,260 shares during the last quarter. Institutional investors own 50.54% of the company’s stock.
Several brokerages recently commented on WOR. Zacks Investment Research downgraded shares of Worthington Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 7th. ValuEngine downgraded shares of Worthington Industries from a “hold” rating to a “sell” rating in a report on Friday, June 29th. Jefferies Financial Group cut their price target on shares of Worthington Industries from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, September 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Worthington Industries from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, September 27th.
Worthington Industries stock opened at $41.63 on Friday. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 14.65 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.98 and a quick ratio of 1.18. Worthington Industries, Inc. has a 1 year low of $39.52 and a 1 year high of $49.93.
Worthington Industries (NYSE:WOR) last released its quarterly earnings data on Wednesday, September 26th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.10). The company had revenue of $988.10 million during the quarter, compared to analysts’ expectations of $1.03 billion. Worthington Industries had a net margin of 5.49% and a return on equity of 18.42%. Worthington Industries’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. As a group, research analysts expect that Worthington Industries, Inc. will post 3.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.92 annualized dividend and a yield of 2.21%. Worthington Industries’s dividend payout ratio (DPR) is 31.94%.
In other Worthington Industries news, VP Terrence M. Dyer sold 14,551 shares of the business’s stock in a transaction dated Wednesday, July 25th. The shares were sold at an average price of $46.81, for a total value of $681,132.31. Following the completion of the sale, the vice president now directly owns 18,491 shares of the company’s stock, valued at approximately $865,563.71. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman John P/Oh Mcconnell sold 100,000 shares of the business’s stock in a transaction dated Friday, July 20th. The shares were sold at an average price of $46.00, for a total transaction of $4,600,000.00. Following the completion of the sale, the chairman now directly owns 1,766,699 shares of the company’s stock, valued at $81,268,154. The disclosure for this sale can be found here. 33.20% of the stock is owned by insiders.
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.
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