Insider Selling: Worthington Industries Director Sells 4,000 Shares of Stock (WOR)
Worthington Industries (NYSE:WOR) Director Sidney A. Ribeau sold 4,000 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $40.28, for a total transaction of $161,120.00. Following the sale, the director now directly owns 26,739 shares of the company’s stock, valued at approximately $1,077,047. The transaction 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 Topeka Capital Markets raised their price target on shares of Worthington Industries from $42.00 to $44.00 in a research note on Tuesday, July 1st. They now have a “hold” rating on the stock. Separately, analysts at KeyCorp raised their price target on shares of Worthington Industries from $46.00 to $48.00 in a research note on Friday, June 27th. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse upgraded shares of Worthington Industries from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Worthington Industries currently has an average rating of “Buy” and a consensus target price of $43.50.
Shares of Worthington Industries (NYSE:WOR) traded up 1.99% during mid-day trading on Monday, hitting $41.49. 243,503 shares of the company’s stock traded hands. Worthington Industries has a 1-year low of $32.60 and a 1-year high of $48.58. The stock’s 50-day moving average is $41.10 and its 200-day moving average is $39.80. The company has a market cap of $2.849 billion and a P/E ratio of 19.28.
Worthington Industries (NYSE:WOR) last announced its earnings results on Thursday, June 26th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.01. The company had revenue of $891.00 million for the quarter, compared to the consensus estimate of $841.22 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. Worthington Industries’s revenue was up 26.5% compared to the same quarter last year. On average, analysts predict that Worthington Industries will post $2.76 earnings per share for the current fiscal year.
Worthington Industries, Inc (NYSE:WOR) is a diversified metals processing company, focused on steel processing and manufactured metal products.
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