Worthington Industries Insider Eric Smolenski Sells 5,000 Shares (WOR)
Worthington Industries (NYSE:WOR) Insider Eric Smolenski sold 5,000 shares of the stock on the open market in a transaction dated Thursday, October 10th. The shares were sold at an average price of $37.32, for a total value of $186,600.00. Following the sale, the insider now directly owns 27,065 shares in the company, valued at approximately $1,010,066. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
WOR has been the subject of a number of recent research reports. Analysts at KeyCorp upgraded shares of Worthington Industries from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $46.00 price target on the stock. 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 given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.50.
Worthington Industries (NYSE:WOR) traded up 3.84% during mid-day trading on Thursday, hitting $37.62. 431,271 shares of the company’s stock traded hands. 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 $34.42 and a 200-day moving average of $33.79. The company has a market cap of $2.610 billion and a P/E ratio of 16.61.
Worthington Industries (NYSE:WOR) last announced its 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. Analysts expect that Worthington Industries will post $2.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Wednesday, December 11th.
Worthington Industries, Inc (NYSE:WOR) is a diversified metals processing company, focused on steel processing and manufactured metal products.
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