Raymond James & Associates lifted its holdings in Worthington Industries, Inc. (NYSE:WOR) by 26.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,285 shares of the industrial products company’s stock after purchasing an additional 1,300 shares during the quarter. Raymond James & Associates’ holdings in Worthington Industries were worth $219,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of WOR. WINTON GROUP Ltd grew its position in shares of Worthington Industries by 2,817.9% in the 4th quarter. WINTON GROUP Ltd now owns 444,491 shares of the industrial products company’s stock valued at $15,486,000 after purchasing an additional 429,258 shares during the period. Macquarie Group Ltd. lifted its stake in Worthington Industries by 23.2% in the 3rd quarter. Macquarie Group Ltd. now owns 1,419,669 shares of the industrial products company’s stock valued at $61,557,000 after acquiring an additional 267,797 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Worthington Industries by 452.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 228,157 shares of the industrial products company’s stock valued at $7,949,000 after acquiring an additional 186,872 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Worthington Industries by 1,435.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 150,625 shares of the industrial products company’s stock valued at $6,531,000 after acquiring an additional 140,815 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Worthington Industries by 58.9% in the 4th quarter. Rhumbline Advisers now owns 130,418 shares of the industrial products company’s stock valued at $4,544,000 after acquiring an additional 48,319 shares in the last quarter. Institutional investors and hedge funds own 49.73% of the company’s stock.
Separately, Zacks Investment Research upgraded Worthington Industries from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th.
NYSE WOR opened at $40.22 on Wednesday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 13.97 and a beta of 1.00. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 0.77. Worthington Industries, Inc. has a 52 week low of $31.42 and a 52 week high of $49.65.
Worthington Industries (NYSE:WOR) last released its earnings results on Wednesday, March 20th. The industrial products company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.06. The firm had revenue of $874.38 million for the quarter, compared to analysts’ expectations 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 analysts expect that Worthington Industries, Inc. will post 2.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, June 13th. Worthington Industries’s payout ratio is 31.94%.
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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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