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.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.28%. Worthington Industries’s payout ratio is currently 31.94%.

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.

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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.

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