Worthington Industries, Inc. (NYSE:WOR) Director Peter Karmanos sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $43.82, for a total transaction of $876,400.00. Following the transaction, the director now directly owns 65,840 shares of the company’s stock, valued at $2,885,108.80. The sale was disclosed in a document filed with the SEC, which is available through this link.

Peter Karmanos also recently made the following trade(s):

  • On Tuesday, October 31st, Peter Karmanos sold 45,376 shares of Worthington Industries stock. The stock was sold at an average price of $45.77, for a total transaction of $2,076,859.52.

Worthington Industries, Inc. (NYSE:WOR) opened at $41.68 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.14 and a quick ratio of 1.36. Worthington Industries, Inc. has a 52-week low of $40.82 and a 52-week high of $62.44. The stock has a market cap of $2,570.00, a PE ratio of 14.65, a PEG ratio of 3.27 and a beta of 1.14.

Worthington Industries (NYSE:WOR) last posted its quarterly earnings results on Wednesday, September 27th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.09). Worthington Industries had a return on equity of 17.98% and a net margin of 5.90%. The business had revenue of $848.24 million during the quarter, compared to the consensus estimate of $854.20 million. During the same quarter in the previous year, the business posted $1.03 earnings per share. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. research analysts anticipate that Worthington Industries, Inc. will post 3.1 earnings per share for the current year.

Worthington Industries declared that its board has initiated a share buyback program on Wednesday, September 27th that allows the company to repurchase 6,830,000 outstanding shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.02%. Worthington Industries’s payout ratio is currently 29.58%.

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WOR has been the subject of several recent analyst reports. BidaskClub lowered shares of Worthington Industries from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research downgraded shares of Worthington Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, ValuEngine downgraded shares of Worthington Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.50.

Several institutional investors have recently bought and sold shares of the company. OppenheimerFunds Inc. lifted its position in Worthington Industries by 39.3% in the 1st quarter. OppenheimerFunds Inc. now owns 14,703 shares of the industrial products company’s stock valued at $663,000 after purchasing an additional 4,150 shares during the last quarter. Teachers Advisors LLC lifted its position in Worthington Industries by 3.6% in the 1st quarter. Teachers Advisors LLC now owns 95,846 shares of the industrial products company’s stock valued at $4,322,000 after purchasing an additional 3,300 shares during the last quarter. Legal & General Group Plc lifted its position in Worthington Industries by 12.7% in the 1st quarter. Legal & General Group Plc now owns 53,298 shares of the industrial products company’s stock valued at $2,401,000 after purchasing an additional 6,025 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in Worthington Industries by 11.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 8,320 shares of the industrial products company’s stock valued at $375,000 after purchasing an additional 840 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Worthington Industries by 11,805.4% in the 1st quarter. BlackRock Inc. now owns 5,287,765 shares of the industrial products company’s stock valued at $238,426,000 after purchasing an additional 5,243,350 shares during the last quarter. Institutional investors own 52.28% of the company’s stock.

Worthington Industries Company Profile

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.

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