Nationwide Fund Advisors Purchases 822 Shares of Worthington Industries Inc. (WOR)
Nationwide Fund Advisors boosted its stake in Worthington Industries Inc. (NYSE:WOR) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,430 shares of the company’s stock after buying an additional 822 shares during the period. Nationwide Fund Advisors owned 0.18% of Worthington Industries worth $4,756,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. LS Investment Advisors LLC raised its stake in shares of Worthington Industries by 68.6% in the second quarter. LS Investment Advisors LLC now owns 2,699 shares of the company’s stock valued at $114,000 after buying an additional 1,098 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Worthington Industries during the second quarter valued at $115,000. Meeder Asset Management Inc. purchased a new stake in shares of Worthington Industries during the second quarter valued at $115,000. Schroder Investment Management Group raised its stake in shares of Worthington Industries by 153.8% in the second quarter. Schroder Investment Management Group now owns 3,300 shares of the company’s stock valued at $140,000 after buying an additional 2,000 shares during the period. Finally, Capstone Asset Management Co. purchased a new stake in shares of Worthington Industries during the second quarter valued at $201,000. 50.94% of the stock is owned by institutional investors.
Shares of Worthington Industries Inc. (NYSE:WOR) traded up 1.69% on Friday, reaching $48.03. The company’s stock had a trading volume of 609,043 shares. The company’s 50-day moving average is $43.02 and its 200 day moving average is $39.98. Worthington Industries Inc. has a 12-month low of $25.50 and a 12-month high of $48.50. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 17.39 and a beta of 1.50.
Worthington Industries (NYSE:WOR) last announced its quarterly earnings results on Wednesday, September 28th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.26. The firm had revenue of $737.50 million for the quarter. Worthington Industries had a return on equity of 21.60% and a net margin of 6.32%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. Equities analysts anticipate that Worthington Industries Inc. will post $3.10 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Tuesday, December 13th. Worthington Industries’s payout ratio is currently 28.99%.
Several equities research analysts recently weighed in on WOR shares. Zacks Investment Research raised Worthington Industries from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Saturday, June 4th. Jefferies Group restated a “hold” rating and issued a $42.00 target price (up previously from $37.00) on shares of Worthington Industries in a research note on Thursday. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Worthington Industries in a research note on Thursday, June 30th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $41.00.
In other news, VP Catherine M. Lyttle sold 3,750 shares of the company’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $42.37, for a total transaction of $158,887.50. Following the transaction, the vice president now directly owns 25,488 shares of the company’s stock, valued at $1,079,926.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Geoffrey G. Gilmore sold 11,079 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $42.73, for a total value of $473,405.67. Following the transaction, the insider now directly owns 52,469 shares in the company, valued at $2,242,000.37. The disclosure for this sale can be found here. Insiders own 32.00% of the company’s stock.
About Worthington Industries
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.
Want to see what other hedge funds are holding WOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Worthington Industries Inc. (NYSE:WOR).
Receive News & Ratings for Worthington Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worthington Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.