Worthington Industries Inc. (WOR) Stock Price Down 0.9%
Shares of Worthington Industries Inc. (NYSE:WOR) fell 0.9% on Friday . The stock traded as low as $42.72 and last traded at $42.97, with a volume of 96,152 shares. The stock had previously closed at $43.38.
Several research firms recently weighed in on WOR. Jefferies Group reissued a “hold” rating on shares of Worthington Industries in a report on Monday, August 15th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Worthington Industries in a report on Thursday, June 30th. Finally, Zacks Investment Research raised Worthington Industries from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Friday, June 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.00.
The firm’s 50-day moving average is $43.41 and its 200 day moving average is $38.36. The company has a market capitalization of $2.77 billion and a PE ratio of 19.50.
Worthington Industries (NYSE:WOR) last issued its quarterly earnings data on Wednesday, June 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.64 by $0.28. The company earned $714.70 million during the quarter. The firm’s revenue was down 15.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. Equities analysts anticipate that Worthington Industries Inc. will post $2.90 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a $0.20 dividend. This is a boost from Worthington Industries’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Tuesday, September 13th.
In other news, VP Catherine M. Lyttle sold 3,750 shares of the stock in a transaction that occurred on Wednesday, July 6th. The stock was 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 directly owns 25,488 shares of the company’s stock, valued at $1,079,926.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Dale T. Brinkman sold 4,188 shares of the stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $42.10, for a total value of $176,314.80. Following the completion of the sale, the vice president now directly owns 57,336 shares of the company’s stock, valued at $2,413,845.60. The disclosure for this sale can be found here.
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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