Koch Industries Inc. boosted its holdings in shares of Worthington Industries, Inc. (NYSE:WOR) by 24.0% during the 4th quarter, HoldingsChannel reports. The fund owned 9,579 shares of the industrial products company’s stock after purchasing an additional 1,855 shares during the period. Koch Industries Inc.’s holdings in Worthington Industries were worth $422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WOR. Salem Investment Counselors Inc. raised its position in Worthington Industries by 166.7% during the third quarter. Salem Investment Counselors Inc. now owns 2,699 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,687 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Worthington Industries by 78.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,675 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 1,175 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Worthington Industries during the second quarter valued at approximately $212,000. Jane Street Group LLC bought a new position in Worthington Industries during the third quarter valued at approximately $235,000. Finally, Creative Planning bought a new position in Worthington Industries during the fourth quarter valued at approximately $246,000. 51.14% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Dale T. Brinkman sold 6,874 shares of Worthington Industries stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $48.32, for a total value of $332,151.68. Following the transaction, the vice president now owns 35,992 shares of the company’s stock, valued at $1,739,133.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 31.30% of the company’s stock.

Several equities analysts recently weighed in on the stock. ValuEngine raised shares of Worthington Industries from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Worthington Industries from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $46.50.

Worthington Industries, Inc. (WOR) opened at $45.34 on Friday. Worthington Industries, Inc. has a 52-week low of $39.52 and a 52-week high of $53.27. The company has a market cap of $2,810.00, a P/E ratio of 16.55, a PEG ratio of 3.48 and a beta of 1.12. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.11 and a quick ratio of 1.32.

Worthington Industries (NYSE:WOR) last released its quarterly earnings results on Tuesday, December 19th. The industrial products company reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). Worthington Industries had a net margin of 5.43% and a return on equity of 17.07%. The firm had revenue of $871.30 million during the quarter, compared to the consensus estimate of $823.50 million. During the same period in the prior year, the business earned $0.75 EPS. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. sell-side analysts forecast that Worthington Industries, Inc. will post 3.08 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Wednesday, March 14th. Worthington Industries’s dividend payout ratio is 30.66%.

COPYRIGHT VIOLATION NOTICE: “Koch Industries Inc. Acquires 1,855 Shares of Worthington Industries, Inc. (WOR)” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/03/11/koch-industries-inc-acquires-1855-shares-of-worthington-industries-inc-wor.html.

Worthington Industries 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.

Want to see what other hedge funds are holding WOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Worthington Industries, Inc. (NYSE:WOR).

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

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.