O Shaughnessy Asset Management LLC lowered its holdings in shares of Worthington Industries, Inc. (NYSE:WOR) by 77.6% in the third quarter, HoldingsChannel.com reports. The firm owned 6,696 shares of the industrial products company’s stock after selling 23,199 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Worthington Industries were worth $290,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. grew its holdings in Worthington Industries by 126.4% during the second quarter. Itau Unibanco Holding S.A. now owns 2,420 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 1,351 shares during the period. Bank of Montreal Can bought a new position in Worthington Industries during the second quarter worth about $119,000. Meadow Creek Investment Management LLC grew its holdings in Worthington Industries by 37.4% during the second quarter. Meadow Creek Investment Management LLC now owns 4,176 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,136 shares during the period. Tiverton Asset Management LLC bought a new position in Worthington Industries during the second quarter worth about $205,000. Finally, Vident Investment Advisory LLC bought a new position in Worthington Industries during the second quarter worth about $206,000. Institutional investors and hedge funds own 50.59% of the company’s stock.

Shares of WOR stock opened at $42.24 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.98 and a quick ratio of 1.18. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 14.67 and a beta of 0.84. Worthington Industries, Inc. has a 12-month low of $39.29 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 company 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 18.42% and a net margin of 5.49%. The company’s revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the business earned $0.73 earnings per share. On average, sell-side analysts anticipate that Worthington Industries, Inc. will post 3.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.92 annualized dividend and a yield of 2.18%. Worthington Industries’s dividend payout ratio (DPR) is presently 31.94%.

Several equities research analysts have issued reports on WOR shares. ValuEngine upgraded shares of Worthington Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Jefferies Financial Group cut their price objective on shares of Worthington Industries from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, September 27th. JPMorgan Chase & Co. cut their price objective on shares of Worthington Industries from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, September 27th. Finally, Zacks Investment Research downgraded shares of Worthington Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th.

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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.

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

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