Worthington Industries, Inc. (NYSE:WOR) – Stock analysts at KeyCorp decreased their Q3 2018 earnings per share (EPS) estimates for Worthington Industries in a research note issued on Thursday. KeyCorp analyst P. Gibbs now expects that the industrial products company will earn $0.70 per share for the quarter, down from their prior forecast of $0.73. KeyCorp also issued estimates for Worthington Industries’ FY2018 earnings at $3.03 EPS.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Worthington Industries from a “sell” rating to a “hold” rating in a report on Saturday, December 23rd. ValuEngine upgraded Worthington Industries from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Worthington Industries has a consensus rating of “Hold” and an average target price of $46.50.
Worthington Industries stock opened at $44.92 on Monday. Worthington Industries has a 1-year low of $39.52 and a 1-year high of $53.27. The company has a current ratio of 2.11, a quick ratio of 1.32 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $2,766.76, a PE ratio of 16.39, a PEG ratio of 3.48 and a beta of 1.12.
Worthington Industries (NYSE:WOR) last issued its earnings results on Tuesday, December 19th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). Worthington Industries had a return on equity of 17.07% and a net margin of 5.43%. The company had revenue of $871.30 million for the quarter, compared to the consensus estimate of $823.50 million. During the same quarter last year, the business posted $0.75 EPS. Worthington Industries’s quarterly revenue was up 19.7% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Wednesday, March 14th. Worthington Industries’s dividend payout ratio (DPR) is presently 30.66%.
In other news, VP Dale T. Brinkman sold 6,874 shares of Worthington Industries stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $48.32, for a total transaction of $332,151.68. Following the transaction, the vice president now owns 35,992 shares in the company, valued at approximately $1,739,133.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 31.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Koch Industries Inc. raised its position in Worthington Industries by 24.0% in the 4th quarter. Koch Industries Inc. now owns 9,579 shares of the industrial products company’s stock valued at $422,000 after buying an additional 1,855 shares during the last quarter. Russell Investments Group Ltd. raised its position in Worthington Industries by 31.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 25,444 shares of the industrial products company’s stock valued at $1,170,000 after buying an additional 6,139 shares during the last quarter. California Public Employees Retirement System raised its position in Worthington Industries by 2.2% in the 3rd quarter. California Public Employees Retirement System now owns 140,899 shares of the industrial products company’s stock valued at $6,481,000 after buying an additional 2,999 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Worthington Industries by 44.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 26,338 shares of the industrial products company’s stock valued at $1,212,000 after buying an additional 8,095 shares during the last quarter. Finally, New Amsterdam Partners LLC NY raised its position in Worthington Industries by 1.5% in the 4th quarter. New Amsterdam Partners LLC NY now owns 146,059 shares of the industrial products company’s stock valued at $6,435,000 after buying an additional 2,172 shares during the last quarter. Institutional investors and hedge funds own 52.65% of the company’s stock.
About Worthington Industries
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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