Retirement Systems of Alabama lessened its holdings in Worthington Industries, Inc. (NYSE:WOR) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,109 shares of the industrial products company’s stock after selling 1,057 shares during the quarter. Retirement Systems of Alabama owned 0.09% of Worthington Industries worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in WOR. Texas Permanent School Fund raised its position in shares of Worthington Industries by 3.6% during the 4th quarter. Texas Permanent School Fund now owns 26,328 shares of the industrial products company’s stock worth $917,000 after purchasing an additional 909 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Worthington Industries by 400.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 29,634 shares of the industrial products company’s stock valued at $1,032,000 after acquiring an additional 23,711 shares during the last quarter. WINTON GROUP Ltd raised its holdings in 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 acquiring an additional 429,258 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Worthington Industries by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 844,972 shares of the industrial products company’s stock valued at $36,637,000 after acquiring an additional 14,203 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Worthington Industries in the 3rd quarter valued at $222,000. 50.04% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research upgraded Worthington Industries from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd.
WOR traded down $0.90 during trading on Wednesday, hitting $36.47. The company’s stock had a trading volume of 180,700 shares, compared to its average volume of 213,172. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.27 and a current ratio of 2.13. The company has a market capitalization of $2.12 billion, a PE ratio of 12.66 and a beta of 1.02. Worthington Industries, Inc. has a twelve month low of $31.42 and a twelve month high of $49.65.
Worthington Industries (NYSE:WOR) last issued its quarterly earnings results on Wednesday, March 20th. The industrial products company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.06. The company had revenue of $874.38 million during the quarter, compared to the consensus estimate 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 research analysts forecast that Worthington Industries, Inc. will post 2.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.52%. Worthington Industries’s payout ratio is 31.94%.
In other news, Director Sidney A. Ribeau sold 9,750 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $40.41, for a total transaction of $393,997.50. Following the completion of the sale, the director now directly owns 52,369 shares in the company, valued at approximately $2,116,231.29. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark C. Davis sold 14,985 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $39.57, for a total value of $592,956.45. Following the sale, the director now owns 35,165 shares of the company’s stock, valued at $1,391,479.05. The disclosure for this sale can be found here. Corporate insiders own 33.20% of the company’s stock.
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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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