Worthington Industries, Inc. (WOR) Position Held by Arbor Investment Advisors LLC

Arbor Investment Advisors LLC held its stake in shares of Worthington Industries, Inc. (NYSE:WOR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,042 shares of the industrial products company’s stock at the end of the first quarter. Worthington Industries comprises 0.9% of Arbor Investment Advisors LLC’s portfolio, making the stock its 15th largest position. Arbor Investment Advisors LLC owned 0.06% of Worthington Industries worth $1,715,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WOR. First Citizens Bank & Trust Co. increased its position in shares of Worthington Industries by 1.7% in the third quarter. First Citizens Bank & Trust Co. now owns 7,566 shares of the industrial products company’s stock valued at $363,000 after buying an additional 127 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Worthington Industries by 5.1% in the third quarter. LS Investment Advisors LLC now owns 2,837 shares of the industrial products company’s stock valued at $136,000 after buying an additional 138 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Worthington Industries by 4.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,043 shares of the industrial products company’s stock valued at $287,000 after buying an additional 279 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Worthington Industries by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 20,190 shares of the industrial products company’s stock valued at $970,000 after buying an additional 280 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Worthington Industries by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock valued at $500,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 54.27% of the company’s stock.

Institutional Ownership by Quarter for Worthington Industries (NYSE:WOR)

Shares of Worthington Industries, Inc. (NYSE:WOR) remained flat at $41.33 on Tuesday. 176,568 shares of the company were exchanged. Worthington Industries, Inc. has a 52 week low of $34.21 and a 52 week high of $62.44. The company has a 50 day moving average of $47.75 and a 200 day moving average of $49.95. The company has a market capitalization of $2.63 billion, a PE ratio of 12.90 and a beta of 1.29.

Worthington Industries (NYSE:WOR) last issued its quarterly earnings data on Wednesday, March 29th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.09. Worthington Industries had a return on equity of 21.45% and a net margin of 7.08%. The firm earned $703.40 million during the quarter, compared to analysts’ expectations of $717.26 million. During the same period in the previous year, the firm earned $0.46 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities research analysts expect that Worthington Industries, Inc. will post $3.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, June 13th. Worthington Industries’s payout ratio is currently 25.64%.

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A number of research analysts recently weighed in on WOR shares. Zacks Investment Research upgraded shares of Worthington Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, April 4th. JPMorgan Chase & Co. lowered their price objective on shares of Worthington Industries from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, April 3rd. Jefferies Group LLC upgraded shares of Worthington Industries from an “underperform” rating to a “hold” rating and set a $45.00 price objective on the stock in a research report on Tuesday, April 4th. Finally, Macquarie upgraded shares of 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.

5 Day Chart for NYSE:WOR

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