Several analysts have recently updated their ratings and price targets for Worthington Industries (NYSE: WOR):

  • 3/21/2019 – Worthington Industries was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Worthington Industries, Inc. has been North American’s premier, value-added steel processor, providing customers with wide ranging capabilities, products and services for a variety of markets including automotive, construction and agriculture. Worthington is also the leading global supplier of pressure tanks and cylinders. The company manufactures a host of pressure cylinders products for industrial gas and cryogenic applications, transportation and alternative fuel storage, oil and gas equipment, and consumer brand retail products, including Bernzomatic, Coleman and Balloon Time. They have built a reputation on quality, safety and regulatory compliance, ensuring the protection of their employees, customers and industry. In fact, designing and building protective structures is another one of their specialties. Worthington manufactures custom-engineered, open and enclosed cabs, and operator stations for the smallest utility equipment to the largest earth-moving machinery in the world. “
  • 3/14/2019 – Worthington Industries was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Worthington Industries, Inc. has been North American’s premier, value-added steel processor, providing customers with wide ranging capabilities, products and services for a variety of markets including automotive, construction and agriculture. Worthington is also the leading global supplier of pressure tanks and cylinders. The company manufactures a host of pressure cylinders products for industrial gas and cryogenic applications, transportation and alternative fuel storage, oil and gas equipment, and consumer brand retail products, including Bernzomatic, Coleman and Balloon Time. They have built a reputation on quality, safety and regulatory compliance, ensuring the protection of their employees, customers and industry. In fact, designing and building protective structures is another one of their specialties. Worthington manufactures custom-engineered, open and enclosed cabs, and operator stations for the smallest utility equipment to the largest earth-moving machinery in the world. “
  • 3/8/2019 – Worthington Industries was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Worthington Industries, Inc. has been North American’s premier, value-added steel processor, providing customers with wide ranging capabilities, products and services for a variety of markets including automotive, construction and agriculture. Worthington is also the leading global supplier of pressure tanks and cylinders. The company manufactures a host of pressure cylinders products for industrial gas and cryogenic applications, transportation and alternative fuel storage, oil and gas equipment, and consumer brand retail products, including Bernzomatic, Coleman and Balloon Time. They have built a reputation on quality, safety and regulatory compliance, ensuring the protection of their employees, customers and industry. In fact, designing and building protective structures is another one of their specialties. Worthington manufactures custom-engineered, open and enclosed cabs, and operator stations for the smallest utility equipment to the largest earth-moving machinery in the world. “
  • 3/2/2019 – Worthington Industries was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Worthington Industries, Inc. has been North American’s premier, value-added steel processor, providing customers with wide ranging capabilities, products and services for a variety of markets including automotive, construction and agriculture. Worthington is also the leading global supplier of pressure tanks and cylinders. The company manufactures a host of pressure cylinders products for industrial gas and cryogenic applications, transportation and alternative fuel storage, oil and gas equipment, and consumer brand retail products, including Bernzomatic, Coleman and Balloon Time. They have built a reputation on quality, safety and regulatory compliance, ensuring the protection of their employees, customers and industry. In fact, designing and building protective structures is another one of their specialties. Worthington manufactures custom-engineered, open and enclosed cabs, and operator stations for the smallest utility equipment to the largest earth-moving machinery in the world. “
  • 2/23/2019 – Worthington Industries was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Worthington Industries, Inc. has been North American’s premier, value-added steel processor, providing customers with wide ranging capabilities, products and services for a variety of markets including automotive, construction and agriculture. Worthington is also the leading global supplier of pressure tanks and cylinders. The company manufactures a host of pressure cylinders products for industrial gas and cryogenic applications, transportation and alternative fuel storage, oil and gas equipment, and consumer brand retail products, including Bernzomatic, Coleman and Balloon Time. They have built a reputation on quality, safety and regulatory compliance, ensuring the protection of their employees, customers and industry. In fact, designing and building protective structures is another one of their specialties. Worthington manufactures custom-engineered, open and enclosed cabs, and operator stations for the smallest utility equipment to the largest earth-moving machinery in the world. “
  • 2/15/2019 – Worthington Industries was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Worthington Industries, Inc. has been North American’s premier, value-added steel processor, providing customers with wide ranging capabilities, products and services for a variety of markets including automotive, construction and agriculture. Worthington is also the leading global supplier of pressure tanks and cylinders. The company manufactures a host of pressure cylinders products for industrial gas and cryogenic applications, transportation and alternative fuel storage, oil and gas equipment, and consumer brand retail products, including Bernzomatic, Coleman and Balloon Time. They have built a reputation on quality, safety and regulatory compliance, ensuring the protection of their employees, customers and industry. In fact, designing and building protective structures is another one of their specialties. Worthington manufactures custom-engineered, open and enclosed cabs, and operator stations for the smallest utility equipment to the largest earth-moving machinery in the world. “

Shares of WOR traded up $1.31 during trading hours on Thursday, hitting $38.09. The stock had a trading volume of 406,040 shares, compared to its average volume of 231,681. The company has a current ratio of 2.16, a quick ratio of 1.27 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $2.22 billion, a P/E ratio of 13.23 and a beta of 1.01. Worthington Industries, Inc. has a 12-month low of $31.42 and a 12-month high of $49.65.

Worthington Industries (NYSE:WOR) last issued its earnings results on Tuesday, December 18th. The industrial products company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.15). The firm had revenue of $958.20 million during the quarter, compared to analysts’ expectations of $982.10 million. Worthington Industries had a return on equity of 18.10% and a net margin of 5.22%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. Sell-side analysts predict that Worthington Industries, Inc. will post 2.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Thursday, June 13th. Worthington Industries’s dividend payout ratio (DPR) is currently 31.94%.

Large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP grew its stake in shares of Worthington Industries by 12.8% during the third quarter. First Trust Advisors LP now owns 75,812 shares of the industrial products company’s stock valued at $3,287,000 after acquiring an additional 8,624 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Worthington Industries by 7.7% during the third quarter. Russell Investments Group Ltd. now owns 20,861 shares of the industrial products company’s stock valued at $905,000 after acquiring an additional 1,490 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Worthington Industries by 0.9% during 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 in the last quarter. LSV Asset Management grew its stake in shares of Worthington Industries by 110.0% during the third quarter. LSV Asset Management now owns 77,700 shares of the industrial products company’s stock valued at $3,369,000 after acquiring an additional 40,700 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Worthington Industries by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 844,972 shares of the industrial products company’s stock valued at $36,637,000 after acquiring an additional 14,203 shares in the last quarter. 48.62% of the stock is currently owned by institutional investors.

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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