SG Americas Securities LLC Grows Stock Holdings in Worthington Industries, Inc. (NYSE: WOR)

SG Americas Securities LLC lifted its position in shares of Worthington Industries, Inc. (NYSE: WOR – Get Rating) by 391.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,166 shares of the industrial products’s stock after purchasing an additional 8,097 shares during the period. SG Americas Securities LLC’s holdings in Worthington Industries were worth $ 523,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Denali Advisors LLC lifted its position in shares of Worthington Industries by 134.5% during the 1st quarter. Denali Advisors LLC now owns 75,500 shares of the industrial products company’s stock worth $ 3,881,000 after purchasing an additional 43,300 shares during the last quarter. Comerica Bank raised its stake in Worthington Industries by 1.5% during the 1st quarter. Comerica Bank now owns 15,737 shares of the industrial products of the company’s stock worth $ 907,000 after acquiring an additional 235 shares in the last quarter. Inspire Investing LLC acquired a new stake in Worthington Industries during the 1st quarter worth $ 235,000. Renaissance Technologies LLC raised its stake in Worthington Industries by 14.8% during the 4th quarter. Renaissance Technologies LLC now owns 118,657 shares of the industrial products of the company’s stock worth $ 6,486,000 after acquiring an additional 15,257 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Worthington Industries by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,700,361 shares of the industrial products of the company’s stock worth $ 92,939,000 after acquiring an additional 8,144 shares in the last quarter. 45.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, upgraded shares of Worthington Industries from a “sell” rating to a “hold” rating in a research note on Saturday, June 25th.

Worthington Industries Trading Up 0.6%

NYSE WOR opened at $ 50.90 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 1.92. The firm has a market cap of $ 2.55 billion, a PE ratio of 6.86 and a beta of 1.02. Worthington Industries, Inc. has a one year low of $ 39.13 and a one year high of $ 63.31. The firm’s fifty day moving average is $ 45.46 and its two-hundred day moving average is $ 50.24.

Worthington Industries (NYSE: WOR – Get Rating) last issued its earnings results on Wednesday, June 22nd. The industrial products company reported $ 1.58 earnings per share for the quarter, beating the consensus estimate of $ 0.83 by $ 0.75. The business had revenue of $ 1.52 billion for the quarter, compared to the consensus estimate of $ 1.24 billion. Worthington Industries had a net margin of 7.24% and a return on equity of 23.06%. Analysts expect that Worthington Industries, Inc. will post 5.34 earnings per share for the current year.

Worthington Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be issued a $ 0.31 dividend. This is an increase from Worthington Industries’s previous quarterly dividend of $ 0.28. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $ 1.24 annualized dividend and a dividend yield of 2.44%. Worthington Industries’s payout ratio is presently 15.09%.

Worthington Industries Profile

(Get Rating)

Worthington Industries, Inc, an industrial manufacturing company, focuses on value-added steel processing and manufactured metal products in North America and internationally. It operates through Steel Processing, Consumer Products, Building Products, and Sustainable Energy Solutions segments. The Steel Processing segment processes flat-rolled steel for customers primarily in the automotive, aerospace, agricultural, appliance, construction, container, hardware, heavy-truck, HVAC, lawn and garden, leisure and recreation, office furniture, and office equipment markets.

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

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