TCW Group Inc. grew its position in shares of Worthington Industries, Inc. (NYSE:WOR) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 94,164 shares of the industrial products company’s stock after acquiring an additional 4,711 shares during the quarter. TCW Group Inc.’s holdings in Worthington Industries were worth $4,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its holdings in shares of Worthington Industries by 78.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,675 shares of the industrial products company’s stock valued at $134,000 after buying an additional 1,175 shares during the period. Salem Investment Counselors Inc. increased its stake in shares of Worthington Industries by 166.7% in the 3rd quarter. Salem Investment Counselors Inc. now owns 2,699 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 1,687 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Worthington Industries in the 2nd quarter worth $212,000. Jane Street Group LLC purchased a new stake in shares of Worthington Industries in the 3rd quarter worth $235,000. Finally, Creative Planning purchased a new stake in shares of Worthington Industries in the 4th quarter worth $246,000. 53.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Worthington Industries, Inc. (NYSE WOR) opened at $45.81 on Thursday. The company has a quick ratio of 1.32, a current ratio of 2.11 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $2,829.56, a price-to-earnings ratio of 16.72, a PEG ratio of 3.56 and a beta of 1.11. Worthington Industries, Inc. has a 12 month low of $39.52 and a 12 month high of $53.27.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.83%. Worthington Industries’s dividend payout ratio (DPR) is 30.66%.
Separately, Zacks Investment Research upgraded Worthington Industries from a “sell” rating to a “hold” rating in a research note on Saturday, December 23rd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $46.50.
In other news, VP Dale T. Brinkman sold 6,874 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $48.32, for a total value of $332,151.68. Following the completion of the sale, the vice president now directly owns 35,992 shares in the company, valued at approximately $1,739,133.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 31.30% of the company’s stock.
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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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