New Amsterdam Partners LLC NY increased its holdings in Worthington Industries, Inc. (NYSE:WOR) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,059 shares of the industrial products company’s stock after acquiring an additional 2,172 shares during the quarter. New Amsterdam Partners LLC NY’s holdings in Worthington Industries were worth $6,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its position in Worthington Industries by 0.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 18,243 shares of the industrial products company’s stock valued at $916,000 after purchasing an additional 108 shares during the last quarter. Amalgamated Bank grew its position in Worthington Industries by 4.6% during the 2nd quarter. Amalgamated Bank now owns 6,450 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 281 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Worthington Industries by 1.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 20,470 shares of the industrial products company’s stock valued at $1,029,000 after purchasing an additional 334 shares during the last quarter. Thrivent Financial For Lutherans grew its position in Worthington Industries by 7.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 8,900 shares of the industrial products company’s stock valued at $447,000 after purchasing an additional 580 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Worthington Industries by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 98,171 shares of the industrial products company’s stock valued at $4,931,000 after purchasing an additional 1,033 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors.

Shares of Worthington Industries, Inc. (NYSE WOR) opened at $45.58 on Monday. Worthington Industries, Inc. has a 1 year low of $39.52 and a 1 year high of $53.27. The company has a market cap of $2,807.39, a PE ratio of 16.28, a P/E/G ratio of 3.53 and a beta of 1.10. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.32 and a current ratio of 2.11.

Worthington Industries (NYSE:WOR) last announced its quarterly earnings data on Tuesday, December 19th. The industrial products company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). The firm had revenue of $871.30 million for the quarter, compared to analysts’ expectations of $823.50 million. Worthington Industries had a net margin of 5.43% and a return on equity of 17.07%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. equities analysts predict that Worthington Industries, Inc. will post 3.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, March 14th. Worthington Industries’s payout ratio is presently 30.66%.

Separately, Zacks Investment Research raised shares of Worthington Industries from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $46.50.

In other news, Director Peter Karmanos sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $43.82, for a total transaction of $876,400.00. Following the sale, the director now owns 65,840 shares of the company’s stock, valued at approximately $2,885,108.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Dale T. Brinkman sold 6,874 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $48.32, for a total transaction of $332,151.68. Following the sale, the vice president now directly owns 35,992 shares in the company, valued at approximately $1,739,133.44. The disclosure for this sale can be found here. Company insiders own 31.30% of the company’s stock.

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Worthington Industries Company Profile

Worthington Industries, Inc is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The Company’s segments include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Steel Processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors.

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

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