Citigroup Inc. lowered its holdings in Worthington Industries, Inc. (NYSE:WOR) by 73.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,890 shares of the industrial products company’s stock after selling 13,842 shares during the period. Citigroup Inc.’s holdings in Worthington Industries were worth $170,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can grew 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 buying an additional 360 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in Worthington Industries during the fourth quarter worth about $119,000. Clean Yield Group acquired a new stake in Worthington Industries during the fourth quarter worth about $142,000. Raymond James & Associates grew 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 buying an additional 1,300 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Worthington Industries during the third quarter worth about $222,000. Institutional investors own 50.07% of the company’s stock.
In other Worthington Industries news, Director Sidney A. Ribeau sold 9,750 shares of Worthington Industries stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $40.41, for a total transaction of $393,997.50. Following the sale, the director now directly owns 52,369 shares of the company’s stock, valued at $2,116,231.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 33.20% of the stock is currently owned by 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 for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. The company had revenue of $874.38 million for the quarter, compared to the consensus estimate of $927.32 million. Worthington Industries had a return on equity of 18.38% and a net margin of 3.81%. On average, sell-side analysts predict that Worthington Industries, Inc. will post 2.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Thursday, June 13th. Worthington Industries’s payout ratio is 31.94%.
Separately, Zacks Investment Research raised Worthington Industries from a “sell” rating to a “hold” rating in a research report on Friday, March 8th.
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Worthington Industries Company Profile
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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