Worthington Industries, Inc. (NYSE:WOR) – Equities researchers at KeyCorp dropped their Q3 2020 earnings per share estimates for shares of Worthington Industries in a research report issued to clients and investors on Monday, March 23rd. KeyCorp analyst P. Gibbs now anticipates that the industrial products company will post earnings per share of $0.70 for the quarter, down from their previous estimate of $0.71.
Several other research analysts have also issued reports on WOR. TheStreet upgraded shares of Worthington Industries from a “c” rating to a “b-” rating in a research report on Tuesday, December 17th. Zacks Investment Research upgraded shares of Worthington Industries from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Friday, December 20th.
Shares of NYSE:WOR opened at $25.57 on Thursday. Worthington Industries has a 52-week low of $19.28 and a 52-week high of $44.69. The firm has a fifty day moving average of $31.37 and a 200 day moving average of $36.63. The firm has a market capitalization of $1.29 billion, a PE ratio of 13.05 and a beta of 1.35. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.33 and a current ratio of 2.13.
A number of institutional investors have recently bought and sold shares of WOR. First Trust Advisors LP lifted its stake in Worthington Industries by 20.2% in the third quarter. First Trust Advisors LP now owns 44,100 shares of the industrial products company’s stock worth $1,590,000 after purchasing an additional 7,399 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Worthington Industries by 433.3% in the third quarter. Point72 Asset Management L.P. now owns 4,800 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 3,900 shares during the last quarter. Squarepoint Ops LLC lifted its stake in Worthington Industries by 97.9% in the third quarter. Squarepoint Ops LLC now owns 39,005 shares of the industrial products company’s stock worth $1,406,000 after purchasing an additional 19,291 shares during the last quarter. Man Group plc lifted its stake in Worthington Industries by 10.5% in the third quarter. Man Group plc now owns 124,636 shares of the industrial products company’s stock worth $4,493,000 after purchasing an additional 11,808 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in Worthington Industries in the third quarter worth $3,299,000. 47.02% of the stock is owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.75%. The ex-dividend date is Friday, June 12th. Worthington Industries’s dividend payout ratio is presently 34.66%.
About Worthington Industries
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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