ValuEngine Upgrades Worthington Industries (WOR) to “Buy”

Worthington Industries (NYSE:WOR) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

A number of other research firms also recently weighed in on WOR. Zacks Investment Research downgraded Worthington Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Jefferies Group restated a “hold” rating and set a $45.00 target price on shares of Worthington Industries in a research report on Friday, March 30th.

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Worthington Industries stock opened at $46.57 on Wednesday. The company has a current ratio of 2.05, a quick ratio of 1.29 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $2,817.86, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 3.61 and a beta of 1.09. Worthington Industries has a 52 week low of $39.52 and a 52 week high of $53.27.



Worthington Industries (NYSE:WOR) last posted its quarterly earnings data on Thursday, March 29th. The industrial products company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.14). The business had revenue of $841.66 million during the quarter, compared to analyst estimates of $863.50 million. Worthington Industries had a return on equity of 17.05% and a net margin of 6.47%. Worthington Industries’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. research analysts anticipate that Worthington Industries will post 3.02 earnings per share for the current year.

In other news, VP Dale T. Brinkman sold 6,874 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $48.32, for a total transaction of $332,151.68. Following the completion of the sale, the vice president now owns 35,992 shares in the company, valued at $1,739,133.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Catherine M. Lyttle sold 34,500 shares of the business’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $40.65, for a total value of $1,402,425.00. Following the sale, the vice president now owns 32,059 shares of the company’s stock, valued at approximately $1,303,198.35. The disclosure for this sale can be found here. Insiders own 31.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. bought a new stake in Worthington Industries in the fourth quarter valued at about $218,000. Xact Kapitalforvaltning AB bought a new stake in Worthington Industries in the fourth quarter valued at about $221,000. Jane Street Group LLC bought a new stake in Worthington Industries in the third quarter valued at about $235,000. Elkfork Partners LLC bought a new stake in Worthington Industries in the fourth quarter valued at about $234,000. Finally, Creative Planning bought a new stake in Worthington Industries in the fourth quarter valued at about $246,000. Institutional investors and hedge funds own 52.65% of the company’s stock.

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About Worthington Industries

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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