Worthington Industries, Inc. (NYSE:WOR) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its holdings in shares of Worthington Industries, Inc. (NYSE:WOR) by 7.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,090 shares of the industrial products company’s stock after selling 1,738 shares during the period. Public Employees Retirement System of Ohio’s holdings in Worthington Industries were worth $849,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of WOR. Geode Capital Management LLC boosted its stake in Worthington Industries by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 436,705 shares of the industrial products company’s stock worth $15,213,000 after purchasing an additional 36,780 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Worthington Industries in the 1st quarter worth $298,000. Rhumbline Advisers lifted its stake in shares of Worthington Industries by 1.2% in the 1st quarter. Rhumbline Advisers now owns 132,027 shares of the industrial products company’s stock worth $4,927,000 after acquiring an additional 1,609 shares during the period. Texas Permanent School Fund lifted its stake in shares of Worthington Industries by 1.3% in the 1st quarter. Texas Permanent School Fund now owns 26,658 shares of the industrial products company’s stock worth $995,000 after acquiring an additional 330 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of Worthington Industries by 5.3% in the 1st quarter. California Public Employees Retirement System now owns 124,343 shares of the industrial products company’s stock worth $4,640,000 after acquiring an additional 6,233 shares during the period. Hedge funds and other institutional investors own 45.57% of the company’s stock.

Shares of WOR stock traded down $0.67 during mid-day trading on Friday, hitting $37.53. The stock had a trading volume of 894,694 shares, compared to its average volume of 185,347. Worthington Industries, Inc. has a fifty-two week low of $31.42 and a fifty-two week high of $46.66. The firm has a market cap of $2.17 billion, a PE ratio of 13.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 0.98. The company’s 50-day simple moving average is $36.40 and its 200-day simple moving average is $37.74.

Worthington Industries (NYSE:WOR) last released its earnings results on Wednesday, June 26th. The industrial products company reported $0.77 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. Worthington Industries had a net margin of 4.08% and a return on equity of 17.33%. The company had revenue of $938.80 million during the quarter, compared to analysts’ expectations of $986.47 million. During the same quarter last year, the business earned $0.95 EPS. The business’s revenue was down 8.0% on a year-over-year basis. On average, analysts expect that Worthington Industries, Inc. will post 3.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.24 dividend. This is a boost from Worthington Industries’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.96 annualized dividend and a dividend yield of 2.56%. Worthington Industries’s dividend payout ratio (DPR) is 34.66%.

In related news, Director John B. Blystone acquired 20,941 shares of Worthington Industries stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average price of $39.86 per share, for a total transaction of $834,708.26. Following the completion of the purchase, the director now directly owns 185,311 shares of the company’s stock, valued at $7,386,496.46. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John B. Blystone acquired 644 shares of Worthington Industries stock in a transaction that occurred on Monday, July 1st. The stock was bought at an average price of $40.00 per share, with a total value of $25,760.00. Following the purchase, the director now directly owns 185,311 shares of the company’s stock, valued at $7,412,440. The disclosure for this purchase can be found here. 34.80% of the stock is owned by company insiders.

WOR has been the subject of several recent analyst reports. TheStreet upgraded shares of Worthington Industries from a “c+” rating to a “b-” rating in a research note on Thursday, July 25th. ValuEngine upgraded shares of Worthington Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Zacks Investment Research cut shares of Worthington Industries from a “hold” rating to a “sell” rating in a research note on Saturday, September 14th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Worthington Industries currently has an average rating of “Hold” and a consensus target price of $43.33.

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.

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

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