MetLife Investment Advisors LLC Purchases New Position in Worthington Industries, Inc. (WOR)

MetLife Investment Advisors LLC purchased a new position in shares of Worthington Industries, Inc. (NYSE:WOR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 47,803 shares of the industrial products company’s stock, valued at approximately $2,106,000. MetLife Investment Advisors LLC owned about 0.08% of Worthington Industries as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Salem Investment Counselors Inc. boosted its holdings in 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 buying an additional 1,687 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in Worthington Industries in the 4th quarter worth approximately $218,000. Jane Street Group LLC bought a new position in Worthington Industries in the 3rd quarter worth approximately $235,000. Creative Planning bought a new position in Worthington Industries in the 4th quarter worth approximately $246,000. Finally, Flinton Capital Management LLC boosted its holdings in Worthington Industries by 24.2% in the 4th quarter. Flinton Capital Management LLC now owns 6,460 shares of the industrial products company’s stock worth $285,000 after buying an additional 1,258 shares during the period. Institutional investors own 52.65% of the company’s stock.

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WOR opened at $41.55 on Friday. The company has a market capitalization of $2,496.96, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 3.20 and a beta of 1.09. Worthington Industries, Inc. has a 12 month low of $39.52 and a 12 month high of $53.27. The company has a quick ratio of 1.29, a current ratio of 2.05 and a debt-to-equity ratio of 0.72.

Worthington Industries (NYSE:WOR) last announced its quarterly earnings results on Thursday, March 29th. The industrial products company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.14). Worthington Industries had a net margin of 6.47% and a return on equity of 17.05%. The firm had revenue of $841.66 million during the quarter, compared to the consensus estimate of $863.50 million. During the same period in the previous year, the business earned $0.55 earnings per share. The firm’s revenue for the quarter was up 19.6% on a year-over-year basis. equities analysts expect that Worthington Industries, Inc. will post 3.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, June 14th. Worthington Industries’s payout ratio is 26.09%.

In other Worthington Industries news, VP Dale T. Brinkman sold 6,874 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 35,992 shares of the company’s stock, valued at approximately $1,739,133.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 31.30% of the stock is owned by company insiders.

Several research firms recently commented on WOR. Jefferies Group reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Worthington Industries in a report on Friday, March 30th. Zacks Investment Research downgraded shares of Worthington Industries from a “buy” rating to a “hold” rating in a report on Wednesday, March 14th. Finally, ValuEngine raised shares of Worthington Industries from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th.

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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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