Worthington Industries (WOR) Downgraded to “Sell” at ValuEngine

Share on StockTwits

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.

Worthington Industries (NYSE:WOR) last posted its earnings results on Wednesday, June 27th. The industrial products company reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.09). Worthington Industries had a net margin of 5.44% and a return on equity of 17.39%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $935.50 million. During the same quarter in the prior year, the firm earned $0.87 EPS. Worthington Industries’s revenue for the quarter was up 20.7% compared to the same quarter last year. research analysts predict that Worthington Industries will post 3.39 EPS for the current fiscal year.

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.

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.

Leave a Reply