State Board of Administration of Florida Retirement System boosted its position in Worthington Industries, Inc. (NYSE:WOR) by 20.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,709 shares of the industrial products company’s stock after buying an additional 6,055 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Worthington Industries were worth $1,244,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the stock. Bank of Montreal Can grew its stake 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 in the last quarter. Clean Yield Group bought a new position in Worthington Industries in the fourth quarter valued at approximately $142,000. Commonwealth Bank of Australia bought a new position in Worthington Industries in the third quarter valued at approximately $212,000. Jane Street Group LLC bought a new position in Worthington Industries in the third quarter valued at approximately $222,000. Finally, Jefferies Group LLC bought a new position in Worthington Industries in the third quarter valued at approximately $247,000. 51.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE WOR opened at $38.93 on Friday. The company has a quick ratio of 1.27, a current ratio of 2.16 and a debt-to-equity ratio of 0.76. Worthington Industries, Inc. has a 12 month low of $31.42 and a 12 month high of $49.65. The company has a market cap of $2.17 billion, a PE ratio of 13.52 and a beta of 0.97.
Worthington Industries (NYSE:WOR) last issued its earnings results on Tuesday, December 18th. The industrial products company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.15). Worthington Industries had a return on equity of 18.10% and a net margin of 5.22%. The business had revenue of $958.20 million for the quarter, compared to the consensus estimate of $982.10 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. On average, research analysts expect that Worthington Industries, Inc. will post 2.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.92 annualized dividend and a dividend yield of 2.36%. Worthington Industries’s dividend payout ratio is currently 31.94%.
In other Worthington Industries news, Director John B. Blystone bought 25,000 shares of Worthington Industries stock in a transaction dated Wednesday, December 19th. The stock was bought at an average cost of $36.67 per share, for a total transaction of $916,750.00. Following the purchase, the director now owns 164,370 shares of the company’s stock, valued at approximately $6,027,447.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 33.20% of the company’s stock.
WOR has been the subject of a number of analyst reports. Zacks Investment Research upgraded Worthington Industries from a “sell” rating to a “hold” rating in a research note on Saturday, December 15th. ValuEngine upgraded Worthington Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th.
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About Worthington Industries
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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