Worthington Industries (NYSE:WOR) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.
Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group restated a “hold” rating and issued a $45.00 target price on shares of Worthington Industries in a research report on Friday, March 30th. Zacks Investment Research downgraded Worthington Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th.
NYSE:WOR opened at $41.97 on Friday. Worthington Industries has a 52 week low of $39.52 and a 52 week high of $53.27. The company has a current ratio of 1.92, a quick ratio of 1.29 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 3.01 and a beta of 1.08.
In related news, insider John G. Lamprinakos sold 7,500 shares of the business’s stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $45.83, for a total value of $343,725.00. Following the sale, the insider now owns 70,751 shares in the company, valued at approximately $3,242,518.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Catherine M. Lyttle sold 34,500 shares of the business’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $40.65, for a total value of $1,402,425.00. Following the completion of the sale, the vice president now owns 32,059 shares in the company, valued at approximately $1,303,198.35. The disclosure for this sale can be found here. 31.30% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. PDS Planning Inc purchased a new stake in shares of Worthington Industries in the 1st quarter valued at $185,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Worthington Industries in the 4th quarter valued at $218,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Worthington Industries in the 4th quarter valued at $221,000. Elkfork Partners LLC purchased a new stake in shares of Worthington Industries in the 4th quarter valued at $234,000. Finally, Flinton Capital Management LLC raised its holdings in shares of Worthington Industries by 24.2% in the 4th quarter. Flinton Capital Management LLC now owns 6,460 shares of the industrial products company’s stock valued at $285,000 after buying an additional 1,258 shares during the period. Hedge funds and other institutional investors own 50.38% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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