A number of other equities research analysts have also recently issued reports on WOR. Zacks Investment Research cut Worthington Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 27th. TheStreet raised Worthington Industries from a “c+” rating to a “b-” rating in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $44.67.
Shares of NYSE:WOR traded down $0.98 during trading on Thursday, hitting $39.24. 226,860 shares of the company’s stock traded hands, compared to its average volume of 222,493. Worthington Industries has a 52 week low of $31.42 and a 52 week high of $48.57. The company has a current ratio of 1.67, a quick ratio of 0.98 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2.33 billion, a P/E ratio of 14.17 and a beta of 1.18. The firm has a 50-day simple moving average of $39.10.
In other news, Director John B. Blystone purchased 644 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were acquired at an average price of $40.00 per share, for a total transaction of $25,760.00. Following the completion of the acquisition, the director now directly owns 185,311 shares in the company, valued at $7,412,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John B. Blystone purchased 20,941 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average price of $39.86 per share, for a total transaction of $834,708.26. Following the acquisition, the director now owns 185,311 shares of the company’s stock, valued at $7,386,496.46. The disclosure for this purchase can be found here. 33.20% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of WOR. American Research & Management Co. bought a new position in shares of Worthington Industries in the first quarter worth $37,000. Pearl River Capital LLC purchased a new stake in shares of Worthington Industries in the 1st quarter worth $90,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Worthington Industries by 17.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,581 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 392 shares in the last quarter. Denali Advisors LLC purchased a new stake in shares of Worthington Industries in the 1st quarter worth $139,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Worthington Industries in the 4th quarter worth $174,000. Institutional investors and hedge funds own 47.64% of the company’s stock.
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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