Teachers Retirement System of The State of Kentucky continued to hold its position in shares of Worthington Industries, Inc. (NYSE:WOR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,300 shares of the company’s stock at the end of the fourth quarter. Teachers Retirement System of The State of Kentucky’s holdings in Worthington Industries were worth $536,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. acquired a new position in shares of Worthington Industries during the third quarter worth about $100,000. Tyers Asset Management LLC purchased a new position in Worthington Industries during the fourth quarter valued at $110,000. Smithfield Trust Co. purchased a new position in Worthington Industries during the third quarter valued at $129,000. Salem Investment Counselors Inc. purchased a new position in Worthington Industries during the third quarter valued at $130,000. Finally, Riverhead Capital Management LLC increased its position in Worthington Industries by 218.2% in the third quarter. Riverhead Capital Management LLC now owns 2,800 shares of the company’s stock valued at $134,000 after buying an additional 1,920 shares during the period. Institutional investors own 54.27% of the company’s stock.
Worthington Industries, Inc. (NYSE:WOR) opened at 50.63 on Thursday. The stock has a 50 day moving average price of $49.84 and a 200 day moving average price of $49.78. The stock has a market cap of $3.22 billion, a P/E ratio of 16.25 and a beta of 1.29. Worthington Industries, Inc. has a 52-week low of $34.21 and a 52-week high of $62.44.
Worthington Industries (NYSE:WOR) last issued its quarterly earnings results on Wednesday, March 29th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.09. The company earned $703.40 million during the quarter, compared to analyst estimates of $717.26 million. Worthington Industries had a net margin of 7.08% and a return on equity of 21.45%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. On average, equities research analysts forecast that Worthington Industries, Inc. will post $3.27 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.58%. Worthington Industries’s dividend payout ratio (DPR) is presently 25.64%.
Several equities analysts have recently weighed in on the company. Jefferies Group LLC restated a “sell” rating and issued a $45.00 target price on shares of Worthington Industries in a research report on Wednesday. Zacks Investment Research upgraded Worthington Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, March 21st. Finally, Macquarie upgraded Worthington Industries from an “underperform” rating to a “neutral” rating in a research report on Tuesday, March 14th.
Worthington Industries Company Profile
Worthington Industries, Inc is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The Company’s segments include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Steel Processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors.
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