Worthington Industries, Inc. (WOR) Director Sells $393,997.50 in Stock
Worthington Industries, Inc. (NYSE:WOR) Director Sidney A. Ribeau sold 9,750 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $40.41, for a total transaction of $393,997.50. Following the transaction, the director now directly owns 52,369 shares of the company’s stock, valued at $2,116,231.29. The sale was disclosed in a document filed with the SEC, which is available through this link.
Worthington Industries stock opened at $40.40 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.27 and a current ratio of 2.13. Worthington Industries, Inc. has a 1 year low of $31.42 and a 1 year high of $49.65. The stock has a market capitalization of $2.32 billion, a PE ratio of 14.03 and a beta of 1.00.
Worthington Industries (NYSE:WOR) last posted its quarterly earnings results on Wednesday, March 20th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.06. Worthington Industries had a net margin of 3.81% and a return on equity of 18.38%. The company had revenue of $874.38 million for the quarter, compared to the consensus estimate of $927.32 million. On average, research analysts expect that Worthington Industries, Inc. will post 2.76 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of WOR. Norges Bank bought a new position in shares of Worthington Industries in the 4th quarter worth about $22,210,000. WINTON GROUP Ltd lifted its position in shares of Worthington Industries by 2,817.9% in the 4th quarter. WINTON GROUP Ltd now owns 444,491 shares of the industrial products company’s stock worth $15,486,000 after buying an additional 429,258 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Worthington Industries by 23.2% in the 3rd quarter. Macquarie Group Ltd. now owns 1,419,669 shares of the industrial products company’s stock worth $61,557,000 after buying an additional 267,797 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Worthington Industries by 452.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 228,157 shares of the industrial products company’s stock worth $7,949,000 after buying an additional 186,872 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Worthington Industries by 1,435.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 150,625 shares of the industrial products company’s stock worth $6,531,000 after buying an additional 140,815 shares during the last quarter. Institutional investors own 49.73% of the company’s stock.
Separately, Zacks Investment Research raised shares of Worthington Industries from a “sell” rating to a “hold” rating in a report on Friday, March 8th.
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.
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