Worthington Industries (NYSE:WOR) had its price target cut by equities research analysts at Jefferies Financial Group from $48.00 to $47.00 in a research note issued to investors on Thursday. The brokerage currently has a “hold” rating on the industrial products company’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 10.59% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. ValuEngine cut Worthington Industries from a “hold” rating to a “sell” rating in a report on Friday, June 29th. Zacks Investment Research raised Worthington Industries from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Saturday, June 30th. Finally, JPMorgan Chase & Co. dropped their target price on Worthington Industries from $48.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday.

Shares of NYSE WOR opened at $42.50 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.92 and a quick ratio of 1.22. The company has a market cap of $2.75 billion, a PE ratio of 14.76 and a beta of 0.99. Worthington Industries has a 12-month low of $39.52 and a 12-month high of $49.93.

Worthington Industries (NYSE:WOR) last issued its quarterly earnings data on Wednesday, September 26th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.10). The business had revenue of $988.10 million for the quarter, compared to analyst estimates of $1.03 billion. Worthington Industries had a return on equity of 17.39% and a net margin of 5.44%. The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. analysts predict that Worthington Industries will post 3.39 earnings per share for the current year.

In other Worthington Industries news, Director Sidney A. Ribeau sold 8,200 shares of the company’s stock in a transaction on Friday, June 29th. The stock was sold at an average price of $42.42, for a total value of $347,844.00. Following the transaction, the director now owns 48,119 shares of the company’s stock, valued at $2,041,207.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman John P/Oh Mcconnell sold 100,000 shares of the company’s stock in a transaction on Friday, July 20th. The shares were sold at an average price of $46.00, for a total value of $4,600,000.00. Following the completion of the transaction, the chairman now directly owns 1,766,699 shares in the company, valued at approximately $81,268,154. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,751 shares of company stock worth $5,628,976. 31.30% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of WOR. Itau Unibanco Holding S.A. increased its holdings in shares of Worthington Industries by 126.4% in the second quarter. Itau Unibanco Holding S.A. now owns 2,420 shares of the industrial products company’s stock valued at $102,000 after buying an additional 1,351 shares in the last quarter. Bank of Montreal Can acquired a new stake in Worthington Industries during the 2nd quarter valued at $119,000. Meadow Creek Investment Management LLC raised its stake in Worthington Industries by 37.4% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 4,176 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 1,136 shares during the period. Tiverton Asset Management LLC acquired a new stake in Worthington Industries during the 2nd quarter valued at $205,000. Finally, Vident Investment Advisory LLC acquired a new stake in Worthington Industries during the 2nd quarter valued at $206,000. 50.54% of the stock is currently owned by institutional investors.

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: Intrinsic Value and Stock Selection

Receive News & Ratings for Worthington Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worthington Industries and related companies with MarketBeat.com's FREE daily email newsletter.