Dupont Capital Management Corp cut its stake in shares of Worthington Industries, Inc. (NYSE:WOR) by 18.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,582 shares of the industrial products company’s stock after selling 7,522 shares during the period. Dupont Capital Management Corp owned approximately 0.05% of Worthington Industries worth $1,686,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the stock. TrimTabs Asset Management LLC raised its position in Worthington Industries by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,347 shares of the industrial products company’s stock valued at $106,000 after buying an additional 1,104 shares during the period. Tower Research Capital LLC TRC raised its position in Worthington Industries by 67.9% in the first quarter. Tower Research Capital LLC TRC now owns 2,424 shares of the industrial products company’s stock valued at $109,000 after buying an additional 980 shares during the period. First Mercantile Trust Co. raised its position in Worthington Industries by 2.0% in the second quarter. First Mercantile Trust Co. now owns 3,070 shares of the industrial products company’s stock valued at $154,000 after buying an additional 60 shares during the period. Envestnet Asset Management Inc. raised its position in Worthington Industries by 4.9% in the first quarter. Envestnet Asset Management Inc. now owns 3,755 shares of the industrial products company’s stock valued at $168,000 after buying an additional 175 shares during the period. Finally, LS Investment Advisors LLC raised its position in Worthington Industries by 31.6% in the first quarter. LS Investment Advisors LLC now owns 3,977 shares of the industrial products company’s stock valued at $179,000 after buying an additional 954 shares during the period. 54.13% of the stock is currently owned by hedge funds and other institutional investors.

Worthington Industries, Inc. (WOR) opened at 48.23 on Monday. The firm’s 50 day moving average price is $50.87 and its 200 day moving average price is $47.11. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 15.31 and a beta of 1.14. Worthington Industries, Inc. has a one year low of $39.28 and a one year high of $62.44.

Worthington Industries (NYSE:WOR) last announced its quarterly earnings data on Wednesday, June 28th. The industrial products company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Worthington Industries had a net margin of 6.78% and a return on equity of 20.59%. The business had revenue of $845.30 million during the quarter, compared to the consensus estimate of $785.58 million. During the same quarter in the prior year, the firm earned $0.87 EPS. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. Equities analysts forecast that Worthington Industries, Inc. will post $3.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.21 dividend. This is a boost from Worthington Industries’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, September 12th. This represents a $0.84 annualized dividend and a yield of 1.74%.

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Several equities analysts have issued reports on WOR shares. BidaskClub lowered Worthington Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $45.00 price objective on shares of Worthington Industries in a report on Wednesday, June 14th. Finally, Zacks Investment Research lowered Worthington Industries from a “hold” rating to a “sell” rating in a report on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $47.33.

In other Worthington Industries news, insider Geoffrey G. Gilmore sold 32,500 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $50.85, for a total value of $1,652,625.00. Following the completion of the transaction, the insider now owns 86,477 shares in the company, valued at approximately $4,397,355.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Dale T. Brinkman sold 28,212 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $49.50, for a total transaction of $1,396,494.00. Following the completion of the transaction, the vice president now owns 71,087 shares of the company’s stock, valued at approximately $3,518,806.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,712 shares of company stock valued at $3,300,819. 31.30% of the stock is owned by insiders.

About Worthington Industries

Worthington Industries, Inc is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The Company’s segments include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Steel Processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors.

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

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