Commonwealth Bank of Australia acquired a new position in shares of Worthington Industries, Inc. (NYSE:WOR) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 4,900 shares of the industrial products company’s stock, valued at approximately $212,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Evanston Investments Inc. dba Evanston Advisors lifted its position in Worthington Industries by 1.3% in the second quarter. Evanston Investments Inc. dba Evanston Advisors now owns 86,287 shares of the industrial products company’s stock valued at $3,621,000 after acquiring an additional 1,115 shares during the last quarter. Meadow Creek Investment Management LLC lifted its position in Worthington Industries by 37.4% in the second quarter. Meadow Creek Investment Management LLC now owns 4,176 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 1,136 shares during the last quarter. American Century Companies Inc. lifted its position in Worthington Industries by 0.9% in the third quarter. American Century Companies Inc. now owns 143,519 shares of the industrial products company’s stock valued at $6,223,000 after acquiring an additional 1,217 shares during the last quarter. Itau Unibanco Holding S.A. lifted its position in Worthington Industries by 126.4% in the second quarter. Itau Unibanco Holding S.A. now owns 2,420 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 1,351 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Worthington Industries by 7.4% in the second quarter. SG Americas Securities LLC now owns 20,064 shares of the industrial products company’s stock valued at $842,000 after acquiring an additional 1,374 shares during the last quarter. 50.17% of the stock is owned by institutional investors and hedge funds.

Shares of WOR opened at $41.42 on Monday. Worthington Industries, Inc. has a 1-year low of $38.75 and a 1-year high of $49.93. The firm has a market capitalization of $2.46 billion, a P/E ratio of 14.38 and a beta of 0.84. 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 (NYSE:WOR) last announced its quarterly earnings results on Wednesday, September 26th. The industrial products company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.10). Worthington Industries had a net margin of 5.49% and a return on equity of 18.42%. The company had revenue of $988.10 million during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm earned $0.73 earnings per share. Worthington Industries’s revenue was up 16.5% on a year-over-year basis. As a group, sell-side analysts predict that Worthington Industries, Inc. will post 3.19 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a $0.23 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.22%. Worthington Industries’s payout ratio is 31.94%.

WOR has been the subject of a number of research reports. Jefferies Financial Group reduced their price target 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. ValuEngine raised shares of Worthington Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. JPMorgan Chase & Co. reduced their price target 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. Finally, Zacks Investment Research cut shares of Worthington Industries from a “hold” rating to a “sell” rating in a research report on Saturday.

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Worthington Industries Company 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.

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

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