OppenheimerFunds Inc. lifted its stake in Worthington Industries, Inc. (NYSE:WOR) by 9.6% during the first quarter, Holdings Channel reports. The institutional investor owned 25,696 shares of the industrial products company’s stock after acquiring an additional 2,255 shares during the period. OppenheimerFunds Inc.’s holdings in Worthington Industries were worth $959,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Texas Permanent School Fund grew its position in shares of Worthington Industries by 3.6% in the 4th quarter. Texas Permanent School Fund now owns 26,328 shares of the industrial products company’s stock valued at $917,000 after buying an additional 909 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Worthington Industries by 400.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 29,634 shares of the industrial products company’s stock worth $1,032,000 after purchasing an additional 23,711 shares during the last quarter. WINTON GROUP Ltd grew its position in Worthington Industries by 2,817.9% during the 4th quarter. WINTON GROUP Ltd now owns 444,491 shares of the industrial products company’s stock worth $15,486,000 after purchasing an additional 429,258 shares during the last quarter. JPMorgan Chase & Co. grew its position in Worthington Industries by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 844,972 shares of the industrial products company’s stock worth $36,637,000 after purchasing an additional 14,203 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Worthington Industries during the 3rd quarter worth $222,000. 50.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WOR stock traded down $0.48 during mid-day trading on Friday, hitting $37.14. The stock had a trading volume of 206 shares, compared to its average volume of 168,155. Worthington Industries, Inc. has a fifty-two week low of $31.42 and a fifty-two week high of $49.65. The stock has a market capitalization of $2.17 billion, a PE ratio of 12.77 and a beta of 1.02. 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 (NYSE:WOR) last released its earnings results on Wednesday, March 20th. The industrial products company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $927.32 million. Equities analysts forecast that Worthington Industries, Inc. will post 2.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Thursday, June 13th. Worthington Industries’s dividend payout ratio (DPR) is presently 31.94%.
In other news, Director Mark C. Davis sold 14,985 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $39.57, for a total value of $592,956.45. Following the completion of the sale, the director now owns 35,165 shares in the company, valued at approximately $1,391,479.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the director now owns 52,369 shares of the company’s stock, valued at approximately $2,116,231.29. The disclosure for this sale can be found here. 33.20% of the stock is currently owned by company insiders.
Separately, Zacks Investment Research raised shares of Worthington Industries from a “sell” rating to a “hold” rating in a research report on Friday, March 8th.
WARNING: “Worthington Industries, Inc. (WOR) Position Lifted by OppenheimerFunds Inc.” was first published by Macon Daily and is the property of of Macon Daily. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://macondaily.com/2019/05/17/worthington-industries-inc-wor-position-lifted-by-oppenheimerfunds-inc.html.
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.
Featured Article: What is a Call Option?
Want to see what other hedge funds are holding WOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Worthington Industries, Inc. (NYSE:WOR).
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.