Insider Buying: Worthington Industries, Inc. (WOR) Director Purchases 3,000 Shares of Stock

Worthington Industries, Inc. (NYSE:WOR) Director Michael J. Endres bought 3,000 shares of the company’s stock in a transaction on Wednesday, April 4th. The shares were bought at an average cost of $39.78 per share, for a total transaction of $119,340.00. Following the transaction, the director now owns 187,440 shares in the company, valued at approximately $7,456,363.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

WOR stock opened at $40.79 on Monday. The firm has a market capitalization of $2,512.38, a PE ratio of 12.67, a price-to-earnings-growth ratio of 3.22 and a beta of 1.09. The company has a current ratio of 2.05, a quick ratio of 1.29 and a debt-to-equity ratio of 0.72. Worthington Industries, Inc. has a 12 month low of $39.52 and a 12 month high of $53.27.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, June 14th. Worthington Industries’s dividend payout ratio (DPR) is currently 26.09%.

Several hedge funds have recently added to or reduced their stakes in WOR. Koch Industries Inc. boosted its holdings in Worthington Industries by 24.0% during the fourth quarter. Koch Industries Inc. now owns 9,579 shares of the industrial products company’s stock worth $422,000 after buying an additional 1,855 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Worthington Industries by 31.8% during the third quarter. Russell Investments Group Ltd. now owns 25,444 shares of the industrial products company’s stock worth $1,170,000 after buying an additional 6,139 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Worthington Industries by 2.2% during the third quarter. California Public Employees Retirement System now owns 140,899 shares of the industrial products company’s stock worth $6,481,000 after buying an additional 2,999 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Worthington Industries by 44.4% during the third quarter. Public Employees Retirement System of Ohio now owns 26,338 shares of the industrial products company’s stock worth $1,212,000 after buying an additional 8,095 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in Worthington Industries during the fourth quarter worth $55,391,000. 52.65% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on WOR shares. Zacks Investment Research raised shares of Worthington Industries from a “sell” rating to a “hold” rating in a research report on Saturday, December 23rd. ValuEngine raised shares of Worthington Industries from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, 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.

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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.

Insider Buying and Selling by Quarter for Worthington Industries (NYSE:WOR)

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