Profund Advisors LLC Has $443,000 Holdings in Worthington Industries, Inc. (WOR)
Profund Advisors LLC raised its position in shares of Worthington Industries, Inc. (NYSE:WOR) by 22.3% during the fourth quarter, Holdings Channel reports. The fund owned 10,064 shares of the industrial products company’s stock after acquiring an additional 1,834 shares during the quarter. Profund Advisors LLC’s holdings in Worthington Industries were worth $443,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Salem Investment Counselors Inc. grew its holdings in shares of Worthington Industries by 166.7% in the third quarter. Salem Investment Counselors Inc. now owns 2,699 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 1,687 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Worthington Industries by 78.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,675 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 1,175 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Worthington Industries in the fourth quarter worth about $218,000. Jane Street Group LLC bought a new position in shares of Worthington Industries in the third quarter worth about $235,000. Finally, Creative Planning bought a new position in shares of Worthington Industries in the fourth quarter worth about $246,000. Institutional investors and hedge funds own 52.65% of the company’s stock.
In related news, VP Dale T. Brinkman sold 6,874 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $48.32, for a total value of $332,151.68. Following the completion of the sale, the vice president now directly owns 35,992 shares of the company’s stock, valued at $1,739,133.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 31.30% of the stock is owned by corporate insiders.
Worthington Industries stock opened at $44.00 on Thursday. The company has a quick ratio of 1.32, a current ratio of 2.11 and a debt-to-equity ratio of 0.74. The company has a market cap of $2,728.55, a PE ratio of 16.06, a PEG ratio of 3.41 and a beta of 1.12. Worthington Industries, Inc. has a 1-year low of $39.52 and a 1-year high of $53.27.
Worthington Industries (NYSE:WOR) last posted its quarterly earnings results on Tuesday, December 19th. The industrial products company reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). Worthington Industries had a return on equity of 17.07% and a net margin of 5.43%. The company had revenue of $871.30 million during the quarter, compared to the consensus estimate of $823.50 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. research analysts predict that Worthington Industries, Inc. will post 3.09 EPS for the current year.
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Worthington Industries 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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