Gateway Investment Advisers LLC grew its stake in Worthington Industries, Inc. (NYSE:WOR) by 6.5% during the third quarter, HoldingsChannel.com reports. The firm owned 55,747 shares of the industrial products company’s stock after buying an additional 3,411 shares during the period. Gateway Investment Advisers LLC’s holdings in Worthington Industries were worth $2,417,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Worthington Industries by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,213 shares of the industrial products company’s stock valued at $84,246,000 after buying an additional 95,260 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Worthington Industries by 9.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,388,897 shares of the industrial products company’s stock valued at $58,292,000 after buying an additional 116,552 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Worthington Industries by 2.4% in the 2nd quarter. Voya Investment Management LLC now owns 1,212,125 shares of the industrial products company’s stock valued at $50,873,000 after buying an additional 28,072 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Worthington Industries by 10.8% in the 2nd quarter. Macquarie Group Ltd. now owns 1,151,872 shares of the industrial products company’s stock valued at $48,344,000 after buying an additional 112,524 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Worthington Industries by 0.9% in the 2nd quarter. Northern Trust Corp now owns 727,703 shares of the industrial products company’s stock valued at $30,541,000 after buying an additional 6,412 shares in the last quarter. 50.36% of the stock is currently owned by institutional investors.

A number of research firms recently commented on WOR. Zacks Investment Research cut shares of Worthington Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 7th. ValuEngine cut shares of Worthington Industries from a “hold” rating to a “sell” rating in a research report on Friday, June 29th. Jefferies Financial Group lowered their price objective on shares of Worthington Industries from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, September 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Worthington Industries from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, September 27th.

WOR opened at $40.79 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.98 and a quick ratio of 1.18. Worthington Industries, Inc. has a 12 month low of $39.52 and a 12 month high of $49.93. The firm has a market capitalization of $2.51 billion, a P/E ratio of 14.16 and a beta of 0.99.

Worthington Industries (NYSE:WOR) last released its earnings results on Wednesday, September 26th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.10). The firm had revenue of $988.10 million for the quarter, compared to the consensus estimate of $1.03 billion. Worthington Industries had a return on equity of 18.42% and a net margin of 5.49%. Worthington Industries’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the company posted $0.73 EPS. As a group, sell-side analysts forecast that Worthington Industries, Inc. will post 3.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, December 13th. Worthington Industries’s dividend payout ratio (DPR) is presently 31.94%.

In other Worthington Industries news, VP Terrence M. Dyer sold 14,551 shares of the stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $46.81, for a total transaction of $681,132.31. Following the completion of the transaction, the vice president now owns 18,491 shares in the company, valued at approximately $865,563.71. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 31.30% of the stock is currently owned by corporate insiders.

Worthington Industries Profile

Worthington Industries, Inc, a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Austria, Canada, Mexico, Poland, Portugal, and Turkey. The company operates through three segments: Steel Processing, Pressure Cylinders, and Engineered Cabs.

Read More: Is the Dow Jones Industrial Average (DJIA) still relevant?

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).

Institutional Ownership by Quarter for Worthington Industries (NYSE:WOR)

Receive News & Ratings for Worthington Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worthington Industries and related companies with MarketBeat.com's FREE daily email newsletter.