Shares of Worthington Industries Inc. (NYSE:WOR) fell 2.7% during trading on Tuesday . The stock traded as low as $44.04 and last traded at $44.23, with a volume of 136,859 shares trading hands. The stock had previously closed at $45.47.

Several brokerages recently commented on WOR. Zacks Investment Research raised Worthington Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, March 23rd. TheStreet raised Worthington Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, March 22nd. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Worthington Industries in a research note on Thursday, June 30th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Worthington Industries in a research note on Thursday, June 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Worthington Industries currently has a consensus rating of “Hold” and a consensus price target of $37.00.

The company has a 50-day moving average price of $40.58 and a 200-day moving average price of $35.08. The firm has a market cap of $2.74 billion and a P/E ratio of 20.03.

Worthington Industries (NYSE:WOR) last released its quarterly earnings data on Wednesday, June 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.28. The business earned $714.70 million during the quarter. During the same quarter last year, the company earned $0.52 EPS. The firm’s revenue for the quarter was down 15.5% on a year-over-year basis. On average, equities research analysts expect that Worthington Industries Inc. will post $2.89 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be paid a $0.20 dividend. This is a positive change from Worthington Industries’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, September 13th. This represents a $0.80 annualized dividend and a yield of 1.80%.

In other Worthington Industries news, VP Dale T. Brinkman sold 11,500 shares of the company’s stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $37.32, for a total value of $429,180.00. Following the sale, the vice president now owns 67,386 shares in the company, valued at $2,514,845.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Catherine M. Lyttle sold 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $42.37, for a total value of $158,887.50. Following the completion of the sale, the vice president now owns 25,488 shares in the company, valued at approximately $1,079,926.56. The disclosure for this sale can be found here.

Other hedge funds have added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its stake in Worthington Industries by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 42,591 shares of the company’s stock valued at $1,284,000 after buying an additional 130 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Worthington Industries by 27.7% in the fourth quarter. Nationwide Fund Advisors now owns 163,559 shares of the company’s stock worth $4,930,000 after buying an additional 35,472 shares during the period. California State Teachers Retirement System raised its position in shares of Worthington Industries by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 89,007 shares of the company’s stock worth $2,683,000 after buying an additional 1,416 shares during the period. LSV Asset Management raised its position in shares of Worthington Industries by 7.6% in the fourth quarter. LSV Asset Management now owns 93,100 shares of the company’s stock worth $2,806,000 after buying an additional 6,600 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Worthington Industries by 2.5% in the fourth quarter. California Public Employees Retirement System now owns 193,200 shares of the company’s stock worth $5,823,000 after buying an additional 4,800 shares during the period.

Worthington Industries, Inc is a diversified metals manufacturing company. The Company’s segments include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Company’s Steel Processing segment consists of the Worthington Steel business unit, Precision Specialty Metals, Inc and Worthington Steelpac Systems, LLC and also includes two consolidated joint ventures: Spartan Steel Coating, LLC, which operates a cold-rolled hot dipped galvanizing line in Monroe, Michigan, and TWB Company, LLC., which operates a laser welded blank business.

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