ValuEngine Lowers Worthington Industries (WOR) to Sell
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.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.