Worthington Industries (NYSE:WOR) Receives New Coverage from Analysts at Exane BNP Paribas

Exane BNP Paribas initiated coverage on shares of Worthington Industries (NYSE:WOR) in a research report sent to investors on Thursday, The Fly reports. The brokerage issued a neutral rating and a $38.00 price target on the industrial products company’s stock.

A number of other research firms also recently issued reports on WOR. Zacks Investment Research reissued a sell rating on shares of Worthington Industries in a research note on Saturday, September 28th. TheStreet downgraded shares of Worthington Industries from a b- rating to a c rating in a research note on Wednesday, September 25th. Finally, ValuEngine raised shares of Worthington Industries from a sell rating to a hold rating in a research note on Tuesday, October 1st.

WOR stock traded down $0.10 during trading on Thursday, reaching $36.66. 207,073 shares of the stock were exchanged, compared to its average volume of 159,893. The company has a current ratio of 2.13, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The business has a 50 day moving average price of $36.39 and a 200-day moving average price of $37.27. Worthington Industries has a 1 year low of $31.42 and a 1 year high of $42.88. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 13.23 and a beta of 1.16.

Worthington Industries (NYSE:WOR) last issued its earnings results on Wednesday, September 25th. The industrial products company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.10). Worthington Industries had a return on equity of 15.28% and a net margin of 2.58%. The firm had revenue of $855.86 million for the quarter, compared to analysts’ expectations of $924.00 million. During the same period last year, the firm earned $0.92 earnings per share. Worthington Industries’s revenue for the quarter was down 13.4% on a year-over-year basis. On average, research analysts anticipate that Worthington Industries will post 2.72 EPS for the current year.

The business also recently declared a — dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.24 dividend. This represents a dividend yield of 2.7%. The ex-dividend date is Thursday, December 12th. Worthington Industries’s dividend payout ratio (DPR) is 34.66%.

In other news, insider Jeffrey R. Klingler sold 961 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $38.46, for a total value of $36,960.06. Following the sale, the insider now directly owns 5,307 shares of the company’s stock, valued at approximately $204,107.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 34.80% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in WOR. First Mercantile Trust Co. grew its holdings in shares of Worthington Industries by 11.6% in the third quarter. First Mercantile Trust Co. now owns 2,961 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 308 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Worthington Industries by 17.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,581 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 392 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Worthington Industries by 6.3% in the second quarter. Janney Montgomery Scott LLC now owns 8,485 shares of the industrial products company’s stock valued at $342,000 after purchasing an additional 506 shares in the last quarter. Smith Graham & Co. Investment Advisors LP grew its holdings in shares of Worthington Industries by 0.5% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 155,573 shares of the industrial products company’s stock valued at $5,608,000 after purchasing an additional 830 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Worthington Industries in the second quarter valued at approximately $36,000. 45.64% of the stock is currently owned by institutional investors and hedge funds.

About Worthington Industries

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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