ValuEngine lowered shares of Worthington Industries (NYSE:WOR) from a hold rating to a sell rating in a research note released on Friday morning.

WOR has been the subject of several other research reports. Zacks Investment Research downgraded shares of Worthington Industries from a hold rating to a sell rating in a research report on Saturday, December 1st. 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, 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.

WOR opened at $38.29 on Friday. Worthington Industries has a twelve month low of $38.18 and a twelve month high of $49.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.98 and a quick ratio of 1.18. The stock has a market cap of $2.27 billion, a P/E ratio of 13.30 and a beta of 0.83.

Worthington Industries (NYSE:WOR) last released its quarterly earnings results on Wednesday, September 26th. The industrial products company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.10). Worthington Industries had a return on equity of 18.42% and a net margin of 5.49%. The company had revenue of $988.10 million for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the company earned $0.73 EPS. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, sell-side analysts expect that Worthington Industries will post 3.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.92 annualized dividend and a dividend yield of 2.40%. Worthington Industries’s dividend payout ratio (DPR) is presently 31.94%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. raised its holdings in Worthington Industries by 126.4% in the 2nd 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. Bank of Montreal Can acquired a new stake in Worthington Industries in the 2nd quarter valued at about $119,000. Meadow Creek Investment Management LLC raised its holdings in Worthington Industries by 37.4% in the 2nd 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. Tiverton Asset Management LLC acquired a new stake in Worthington Industries in the 2nd quarter valued at about $205,000. Finally, Vident Investment Advisory LLC acquired a new stake in Worthington Industries in the 2nd quarter valued at about $206,000. Hedge funds and other institutional investors own 50.89% of the company’s stock.

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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