GYL Financial Synergies LLC bought a new stake in Worthington Industries, Inc. (NYSE:WOR) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 34,008 shares of the industrial products company’s stock, valued at approximately $1,269,000.
Other large investors also recently added to or reduced their stakes in the company. American Research & Management Co. purchased a new position in Worthington Industries in the first quarter valued at $37,000. Pearl River Capital LLC purchased a new position in Worthington Industries in the first quarter valued at $90,000. Bank of Montreal Can boosted its holdings in Worthington Industries by 12.5% in the fourth 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 purchased a new position in Worthington Industries in the fourth quarter valued at $119,000. Finally, Denali Advisors LLC purchased a new position in Worthington Industries in the first quarter valued at $139,000. Hedge funds and other institutional investors own 48.00% of the company’s stock.
A number of research firms recently issued reports on WOR. Zacks Investment Research upgraded Worthington Industries from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. TheStreet lowered Worthington Industries from a “b-” rating to a “c+” rating in a report on Monday. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.67.
NYSE WOR traded up $0.38 during trading on Thursday, reaching $36.82. 2,113 shares of the company’s stock were exchanged, compared to its average volume of 142,684. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 12.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.13 and a quick ratio of 1.27. Worthington Industries, Inc. has a 1 year low of $31.42 and a 1 year high of $48.57.
Worthington Industries (NYSE:WOR) last announced its quarterly earnings results on Wednesday, March 20th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.06. The company had revenue of $874.38 million during the quarter, compared to the consensus estimate of $927.32 million. Worthington Industries had a return on equity of 18.38% and a net margin of 3.81%. As a group, equities research analysts expect that Worthington Industries, Inc. will post 2.74 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, June 13th. Worthington Industries’s dividend payout ratio (DPR) is 31.94%.
In other Worthington Industries news, Director Mark C. Davis sold 14,985 shares of Worthington Industries stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $39.57, for a total transaction of $592,956.45. Following the completion of the sale, the director now directly owns 35,165 shares of the company’s stock, valued at approximately $1,391,479.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sidney A. Ribeau sold 9,750 shares of Worthington Industries stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $40.41, for a total value of $393,997.50. Following the sale, the director now directly owns 52,369 shares of the company’s stock, valued at $2,116,231.29. The disclosure for this sale can be found here. 33.20% of the stock is owned by insiders.
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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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