Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Worthington Industries, Inc. (NYSE:WOR) by 17.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,581 shares of the industrial products company’s stock after acquiring an additional 392 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Worthington Industries were worth $104,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Pearl River Capital LLC purchased a new stake in shares of Worthington Industries during the 1st quarter worth about $90,000. Martingale Asset Management L P purchased a new position in Worthington Industries in the 1st quarter valued at about $206,000. Murphy Capital Management Inc. purchased a new position in Worthington Industries in the 2nd quarter valued at about $207,000. Dupont Capital Management Corp lifted its stake in Worthington Industries by 90.0% in the 1st quarter. Dupont Capital Management Corp now owns 6,511 shares of the industrial products company’s stock valued at $243,000 after buying an additional 3,084 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Worthington Industries in the 1st quarter valued at about $298,000. 48.13% of the stock is currently owned by institutional investors and hedge funds.
WOR has been the topic of a number of research reports. ValuEngine lowered shares of Worthington Industries from a “hold” rating to a “sell” rating in a research note on Friday, August 16th. TheStreet raised shares of Worthington Industries from a “c+” rating to a “b-” rating in a research note on Thursday, July 25th. Finally, Zacks Investment Research lowered shares of Worthington Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.67.
Worthington Industries (NYSE:WOR) last released its quarterly earnings data on Wednesday, June 26th. The industrial products company reported $0.77 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.77. The company had revenue of $938.80 million during the quarter, compared to the consensus estimate of $986.47 million. Worthington Industries had a net margin of 4.08% and a return on equity of 17.33%. Worthington Industries’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. On average, analysts expect that Worthington Industries, Inc. will post 3.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.24 dividend. This is an increase from Worthington Industries’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, September 12th. This represents a $0.96 dividend on an annualized basis and a yield of 2.72%. Worthington Industries’s dividend payout ratio is presently 33.21%.
In other Worthington Industries news, Director John B. Blystone acquired 20,941 shares of the business’s stock in a transaction on Friday, June 28th. The stock was bought at an average price of $39.86 per share, for a total transaction of $834,708.26. Following the acquisition, the director now owns 185,311 shares in the company, valued at $7,386,496.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Catherine M. Lyttle sold 4,000 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $40.47, for a total transaction of $161,880.00. Following the completion of the sale, the senior vice president now owns 30,408 shares of the company’s stock, valued at approximately $1,230,611.76. The disclosure for this sale can be found here. 34.80% of the stock is currently owned by corporate insiders.
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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