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Brandywine Global Investment Management LLC cut its stock position in Worthington Industries, Inc. (NYSE: WOR – Get Rating) by 3.5% in the third quarter, according to the latest 13F filings with the Securities and Exchange Commission. The company owned his 121,358 shares of industrial products company stock after selling his 4,463 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.24% of Worthington Industries, valued at $4,629,000 as of the latest filing with the Securities and Exchange Commission.
Several other institutional investors have also recently bought and sold shares in the company. Commonwealth Equity Services LLC increased its stake in Worthington Industries by 16.1% in the third quarter. Commonwealth Equity Services LLC owns 7,588 shares of the industrial products company worth $289,000 after purchasing an additional 1,055 shares during this period. AlphaCrest Capital Management LLC increased his stake in Worthington Industries by 16.4% in the third quarter. AlphaCrest Capital Management LLC now owns 36,519 shares of the industrial products company valued at $1,393,000 after purchasing an additional 5,135 shares during this period. Macquarie Group Ltd. increased its stake in Worthington Industries by 0.9% in the third quarter. Macquarie Group Ltd. owns 1,836,483 shares of an industrial products company valued at $70,067,000 after purchasing an additional 15,983 shares during this period. Tudor Investment Corp Et Al increased its stake in Worthington Industries by 20.1% in the third quarter. Tudor Investment Corp Et Al now owns 86,454 shares of the industrial products company valued at $3,297,000 after purchasing an additional 14,477 shares during this period. Finally, Cubist Systematic Strategies LLC increased its stake in Worthington Industries by 46.8% in the third quarter. Cubist Systematic Strategies LLC now owns 65,585 shares of the industrial products company valued at $2,501,000 after purchasing an additional 20,899 shares during this period. 45.30% of the shares are currently owned by hedge funds and other institutional investors.
Insider activity
In other news, insider Eric M. Smolenski sold 2,000 shares of Worthington Industries stock in a transaction on Friday, January 27th. The shares were sold at an average price of $55.30 for a total of $110,600.00. After the transaction, the insider now directly owns his 93,413 shares in the company, valued at approximately $5,165,738.90. The sale is disclosed in documents filed with the Securities and Exchange Commission, available at this hyperlink. In related news, CEO B Andrew Rose sold 18,229 shares of the company’s stock in a transaction on Wednesday, February 8th. The shares sold at an average price of $59.48, and the total transaction value he had was $1,084,260.92. After the transaction, the CEO now directly owns 503,839 shares in the company, valued at approximately $29,968,343.72. The sale was disclosed in documents filed with the SEC, which can be accessed at this link. Also, his insider, Eric M. Smolenski, sold 2,000 shares of the company’s stock in a transaction on Friday, Jan. 27. The shares were sold at an average price of $55.30 for a total of $110,600.00. After the transaction, insiders now own 93,413 shares of the company’s stock, worth $5,165,738.90. Please see here for the disclosure of this sale. A company insider owns his 39.20% of the company’s shares.
Worthington Industries Trading Up 1.0%
Friday’s WOR opened at $61.84. The stock has a 50-day moving average of $55.79 and a 200-day moving average of $52.44. The company has a market capitalization of $3.07 billion, a P/E of 14.22 and a beta of 1.25. Worthington Industries has a 52-week low of $38.01 and a 52-week high of $62.83. The company has a quick ratio of 1.43, a current ratio of 2.43 and a debt to equity ratio of 0.42.
Worthington Industries (NYSE:WOR – Get Rating) last reported quarterly results on Tuesday, Dec. 20. The industrial products company reported his earnings per share (EPS) of $0.44 for the quarter, missing analyst consensus expectations of $0.56 ($0.12). Worthington Industries posted a net profit margin of 3.96% and a return on equity of 14.58%. The company posted revenue of $1.18 billion for the quarter, compared with analysts’ forecast of $1.19 billion. Analysts forecast Worthington Industries, Inc.’s earnings per share for the current year to be 4.14.
Worthington Industries Dividend Announcement
The business recently announced a quarterly dividend payable on Wednesday, March 29. Dividends of $0.31 will be issued to shareholders of record on Wednesday, March 15. The ex-dividend date is March 14 (Tuesday). This represents his $1.24 dividend and his 2.01% dividend yield on an annual basis. Worthington Industries currently has a dividend payout ratio of 28.51%.
Worthington Industries Company Profile
(get rating)
Worthington Industries is engaged in the processing of value-added steel and the manufacture of metal products. It operates through the following segments: Steel Processing and Pressure Cylinders. The Steel Processing segment consists of the Worthington Steel Business Unit and consolidated joint ventures, which operate the steel business and pricing.
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Want to know other hedge funds holding WOR? Visit HoldingsChannel.com to get the latest Worthington Industries, Inc. (NYSE:WOR – Get Rating) 13F filings and insider trading.
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