Hsbc Holdings PLC raised its holdings in Worthington Industries, Inc. (NYSE:WOR) by 23.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,880 shares of the industrial products company’s stock after purchasing an additional 2,051 shares during the period. Hsbc Holdings PLC’s holdings in Worthington Industries were worth $379,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in WOR. Bank of Montreal Can increased its position in Worthington Industries by 12.5% during the fourth quarter. Bank of Montreal Can now owns 3,250 shares of the industrial products company’s stock worth $113,000 after purchasing an additional 360 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Worthington Industries by 5.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 15,351 shares of the industrial products company’s stock worth $535,000 after purchasing an additional 845 shares during the last quarter. Wedge Capital Management L L P NC increased its position in Worthington Industries by 13.3% during the fourth quarter. Wedge Capital Management L L P NC now owns 7,736 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 909 shares during the last quarter. Texas Permanent School Fund increased its position in Worthington Industries by 3.6% during the fourth quarter. Texas Permanent School Fund now owns 26,328 shares of the industrial products company’s stock worth $917,000 after purchasing an additional 909 shares during the last quarter. Finally, Raymond James & Associates increased its position in Worthington Industries by 26.1% during the fourth quarter. Raymond James & Associates now owns 6,285 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 1,300 shares during the last quarter. 49.73% of the stock is currently owned by institutional investors.
In other news, Director Sidney A. Ribeau sold 9,750 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $40.41, for a total value of $393,997.50. Following the completion of the transaction, the director now directly owns 52,369 shares in the company, valued at $2,116,231.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 33.20% of the stock is currently owned by corporate insiders.
Worthington Industries (NYSE:WOR) last released its quarterly earnings data on Wednesday, March 20th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.06. Worthington Industries had a net margin of 3.81% and a return on equity of 18.38%. The company had revenue of $874.38 million during the quarter, compared to the consensus estimate of $927.32 million. Research analysts anticipate that Worthington Industries, Inc. will post 2.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.23 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.92 annualized dividend and a dividend yield of 2.28%. Worthington Industries’s dividend payout ratio (DPR) is presently 31.94%.
Separately, Zacks Investment Research raised shares of Worthington Industries from a “sell” rating to a “hold” rating in a research report on Friday, March 8th.
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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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