Worthington Industries, Inc. (WOR) Holdings Held by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System continued to hold its stake in shares of Worthington Industries, Inc. (NYSE:WOR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,658 shares of the industrial products company’s stock at the close of the 2nd quarter. State Board of Administration of Florida Retirement System owned 0.05% of Worthington Industries worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in WOR. Tower Research Capital LLC TRC increased its stake in shares of Worthington Industries by 67.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,424 shares of the industrial products company’s stock valued at $109,000 after acquiring an additional 980 shares during the last quarter. First Mercantile Trust Co. increased its stake in shares of Worthington Industries by 2.0% in the 2nd quarter. First Mercantile Trust Co. now owns 3,070 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 60 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Worthington Industries by 4.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,755 shares of the industrial products company’s stock valued at $168,000 after acquiring an additional 175 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Worthington Industries by 31.6% in the 1st quarter. LS Investment Advisors LLC now owns 3,977 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 954 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Worthington Industries by 7.9% in the 1st quarter. Capstone Asset Management Co. now owns 5,463 shares of the industrial products company’s stock valued at $246,000 after acquiring an additional 400 shares during the last quarter. 51.98% of the stock is owned by hedge funds and other institutional investors.

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In related news, insider Geoffrey G. Gilmore sold 32,500 shares of Worthington Industries stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $50.85, for a total transaction of $1,652,625.00. Following the transaction, the insider now owns 86,477 shares of the company’s stock, valued at $4,397,355.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Dale T. Brinkman sold 28,212 shares of Worthington Industries stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $49.50, for a total value of $1,396,494.00. Following the transaction, the vice president now directly owns 71,087 shares in the company, valued at approximately $3,518,806.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,712 shares of company stock worth $3,300,819. 31.30% of the stock is owned by insiders.

A number of analysts have recently commented on the company. BidaskClub cut Worthington Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research cut Worthington Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Jefferies Group LLC upped their price target on Worthington Industries from $45.00 to $47.00 and gave the company a “hold” rating in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $47.33.

Worthington Industries, Inc. (WOR) opened at 51.26 on Friday. The company has a 50 day moving average price of $49.98 and a 200 day moving average price of $47.24. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 16.27 and a beta of 1.16. Worthington Industries, Inc. has a 12 month low of $40.11 and a 12 month high of $62.44.

Worthington Industries (NYSE:WOR) last announced its earnings results on Wednesday, June 28th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.04. The company had revenue of $845.30 million for the quarter, compared to analysts’ expectations of $785.58 million. Worthington Industries had a return on equity of 20.29% and a net margin of 6.79%. Worthington Industries’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Analysts anticipate that Worthington Industries, Inc. will post $3.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.21 per share. This is a boost from Worthington Industries’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.64%. Worthington Industries’s payout ratio is presently 25.32%.

Worthington Industries 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.

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

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