Worthington Industries Upgraded by KeyCorp to “Buy” (WOR)
Worthington Industries (NYSE:WOR) was upgraded by equities research analysts at KeyCorp from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Separately, analysts at Jefferies Group raised their price target on shares of Worthington Industries from $30.00 to $33.00 in a research note to investors on Monday, September 16th. They now have a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $33.40.
Worthington Industries (NYSE:WOR) opened at 35.51 on Monday. Worthington Industries has a 1-year low of $20.69 and a 1-year high of $36.95. The stock has a 50-day moving average of $34.30 and a 200-day moving average of $33.61. The company has a market cap of $2.463 billion and a P/E ratio of 16.28.
Worthington Industries (NYSE:WOR) last posted its quarterly earnings results on Thursday, September 26th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $692.30 million for the quarter, compared to the consensus estimate of $692.92 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Wednesday, December 11th.
In other Worthington Industries news, Director Kerrii Anderson purchased 2,500 shares of Worthington Industries stock on the open market in a transaction dated Friday, September 27th. The shares were purchased at an average cost of $34.61 per share, with a total value of $86,525.00. Following the completion of the acquisition, the director now directly owns 23,770 shares in the company, valued at approximately $822,680. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Worthington Industries, Inc (NYSE:WOR) is a diversified metals processing company, focused on steel processing and manufactured metal products.
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