Texas Permanent School Fund Has $1.10 Million Holdings in Worthington Industries, Inc. (WOR)

Texas Permanent School Fund cut its position in Worthington Industries, Inc. (NYSE:WOR) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,419 shares of the industrial products company’s stock after selling 2,369 shares during the period. Texas Permanent School Fund’s holdings in Worthington Industries were worth $1,102,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. raised its holdings in shares of Worthington Industries by 126.4% during the second quarter. Itau Unibanco Holding S.A. now owns 2,420 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 1,351 shares during the period. Bank of Montreal Can acquired a new stake in shares of Worthington Industries during the second quarter worth $119,000. Meadow Creek Investment Management LLC raised its holdings in shares of Worthington Industries by 37.4% during the second quarter. Meadow Creek Investment Management LLC now owns 4,176 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 1,136 shares during the period. Tiverton Asset Management LLC acquired a new stake in shares of Worthington Industries during the second quarter worth $205,000. Finally, Vident Investment Advisory LLC acquired a new stake in shares of Worthington Industries during the second quarter worth $206,000. Institutional investors own 50.46% of the company’s stock.

Shares of WOR stock opened at $42.42 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.18 and a debt-to-equity ratio of 0.72. Worthington Industries, Inc. has a 1 year low of $39.29 and a 1 year high of $49.93. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 14.73 and a beta of 0.84.

Worthington Industries (NYSE:WOR) last issued its quarterly earnings results on Wednesday, September 26th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.10). Worthington Industries had a net margin of 5.49% and a return on equity of 18.42%. The business had revenue of $988.10 million during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $0.73 earnings per share. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. Research analysts expect that Worthington Industries, Inc. will post 3.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.23 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.92 annualized dividend and a yield of 2.17%. Worthington Industries’s payout ratio is currently 31.94%.

A number of equities research analysts recently commented on the stock. ValuEngine upgraded shares of Worthington Industries from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on shares of Worthington Industries from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, September 27th. Jefferies Financial Group lowered their price target on shares of Worthington Industries from $48.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, September 27th. Finally, Zacks Investment Research lowered shares of Worthington Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th.

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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.

Read More: Closed-End Mutual Funds (CEFs)

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Institutional Ownership by Quarter for Worthington Industries (NYSE:WOR)

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