Worthington Industries, Inc. (NYSE:WOR) VP Dale T. Brinkman sold 6,874 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $48.32, for a total value of $332,151.68. Following the sale, the vice president now directly owns 35,992 shares in the company, valued at approximately $1,739,133.44. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Worthington Industries, Inc. (NYSE WOR) opened at $49.53 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.11 and a quick ratio of 1.32. The firm has a market capitalization of $2,979.87, a price-to-earnings ratio of 18.08, a PEG ratio of 3.75 and a beta of 1.11. Worthington Industries, Inc. has a 52-week low of $39.52 and a 52-week high of $53.27.

Worthington Industries (NYSE:WOR) last posted its quarterly earnings data on Tuesday, December 19th. The industrial products company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). The business had revenue of $871.30 million during the quarter, compared to analyst estimates of $823.50 million. Worthington Industries had a return on equity of 17.07% and a net margin of 5.43%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. research analysts expect that Worthington Industries, Inc. will post 3.08 earnings per share for the current fiscal year.

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 given a $0.21 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.70%. Worthington Industries’s payout ratio is 30.66%.

Separately, Zacks Investment Research raised Worthington Industries from a “sell” rating to a “hold” rating in a research report on Saturday, December 23rd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $46.50.

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Worthington Industries in the 4th quarter worth $744,000. Smith Graham & Co. Investment Advisors LP boosted its position in shares of Worthington Industries by 2.0% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 172,453 shares of the industrial products company’s stock worth $7,598,000 after purchasing an additional 3,330 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Worthington Industries by 31.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 12,987 shares of the industrial products company’s stock worth $572,000 after purchasing an additional 3,091 shares in the last quarter. Creative Planning acquired a new stake in shares of Worthington Industries in the 4th quarter worth $246,000. Finally, Gateway Investment Advisers LLC boosted its position in shares of Worthington Industries by 22.4% in the 4th quarter. Gateway Investment Advisers LLC now owns 67,369 shares of the industrial products company’s stock worth $2,968,000 after purchasing an additional 12,323 shares in the last quarter. 52.82% of the stock is owned by hedge funds and other institutional investors.

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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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