Worthington Industries, Inc. (NYSE:WOR) insider Jeffrey R. Klingler sold 961 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $38.46, for a total value of $36,960.06. Following the sale, the insider now owns 5,307 shares in the company, valued at approximately $204,107.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Worthington Industries stock traded up $0.44 during trading hours on Thursday, hitting $39.16. 1,164 shares of the stock traded hands, compared to its average volume of 163,586. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.13 and a quick ratio of 1.26. The firm’s 50 day moving average price is $36.31 and its 200-day moving average price is $37.36. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 14.00 and a beta of 1.16. Worthington Industries, Inc. has a 1 year low of $31.42 and a 1 year high of $44.78.
Worthington Industries (NYSE:WOR) last issued its earnings results on Wednesday, September 25th. The industrial products company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.10). Worthington Industries had a return on equity of 15.28% and a net margin of 2.58%. The company had revenue of $855.86 million during the quarter, compared to analysts’ expectations of $924.00 million. During the same quarter in the previous year, the company earned $0.92 EPS. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. Research analysts forecast that Worthington Industries, Inc. will post 2.72 earnings per share for the current fiscal year.
The business also recently announced a — dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 2.7%. Worthington Industries’s payout ratio is 34.66%.
Institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new stake in shares of Worthington Industries in the second quarter worth about $36,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Worthington Industries by 17.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,581 shares of the industrial products company’s stock worth $104,000 after buying an additional 392 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Worthington Industries by 74.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,588 shares of the industrial products company’s stock worth $104,000 after buying an additional 1,104 shares during the last quarter. First Mercantile Trust Co. boosted its stake in shares of Worthington Industries by 11.6% in the third quarter. First Mercantile Trust Co. now owns 2,961 shares of the industrial products company’s stock worth $107,000 after buying an additional 308 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Worthington Industries in the second quarter worth about $171,000. Hedge funds and other institutional investors own 45.77% of the company’s stock.
Several research firms have weighed in on WOR. ValuEngine upgraded Worthington Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. Zacks Investment Research reiterated a “sell” rating on shares of Worthington Industries in a research note on Saturday, September 28th. Finally, TheStreet downgraded Worthington Industries from a “b-” rating to a “c” rating in a research note on Wednesday, September 25th.
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.
Featured Article: Most Volatile Stocks – What Investors Need to Know to Maximize ROI
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.