Worthington Industries, Inc. (NYSE:WOR) has been assigned an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $46.50.

Several brokerages have recently weighed in on WOR. Zacks Investment Research cut Worthington Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 13th. ValuEngine cut Worthington Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th.

Worthington Industries (WOR) opened at $45.39 on Thursday. The stock has a market cap of $2,676.86, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 3.47 and a beta of 1.11. Worthington Industries has a fifty-two week low of $39.52 and a fifty-two week high of $53.27. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.32 and a current ratio of 2.11.

Worthington Industries (NYSE:WOR) last announced its quarterly earnings data on Tuesday, December 19th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). Worthington Industries had a net margin of 5.43% and a return on equity of 17.07%. The firm had revenue of $871.30 million during the quarter, compared to the consensus estimate of $823.50 million. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The company’s revenue was up 19.7% on a year-over-year basis. sell-side analysts anticipate that Worthington Industries will post 3.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, March 14th. Worthington Industries’s dividend payout ratio (DPR) is presently 30.66%.

Worthington Industries declared that its Board of Directors has approved a share repurchase plan on Wednesday, September 27th that allows the company to buyback 6,830,000 shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

In related news, insider John G. Lamprinakos sold 7,500 shares of the stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $44.96, for a total transaction of $337,200.00. Following the sale, the insider now directly owns 70,751 shares of the company’s stock, valued at $3,180,964.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter Karmanos sold 20,000 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $43.82, for a total value of $876,400.00. Following the sale, the director now directly owns 65,840 shares in the company, valued at $2,885,108.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,876 shares of company stock valued at $3,290,460. 31.30% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Acrospire Investment Management LLC boosted its position in Worthington Industries by 81.8% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 900 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Worthington Industries by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,295 shares of the industrial products company’s stock worth $115,000 after buying an additional 227 shares during the period. Salem Investment Counselors Inc. raised its stake in shares of Worthington Industries by 166.7% in the third quarter. Salem Investment Counselors Inc. now owns 2,699 shares of the industrial products company’s stock worth $125,000 after buying an additional 1,687 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Worthington Industries by 78.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,675 shares of the industrial products company’s stock worth $134,000 after buying an additional 1,175 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Worthington Industries during the 2nd quarter valued at approximately $212,000. 54.38% of the stock is currently owned by institutional investors and hedge funds.

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Worthington Industries Company Profile

Worthington Industries, Inc is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The Company’s segments include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Steel Processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors.

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