Worthington Industries, Inc. (NYSE:WOR) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp boosted its stake in shares of Worthington Industries, Inc. (NYSE:WORGet Rating) by 12.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,805 shares of the industrial products company’s stock after buying an additional 1,718 shares during the quarter. Fifth Third Bancorp’s holdings in Worthington Industries were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in Worthington Industries by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 71,096 shares of the industrial products company’s stock worth $3,135,000 after buying an additional 4,615 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in Worthington Industries during the second quarter worth about $2,327,000. Versor Investments LP acquired a new position in Worthington Industries during the second quarter worth about $406,000. ProShare Advisors LLC grew its position in shares of Worthington Industries by 9.1% in the second quarter. ProShare Advisors LLC now owns 195,095 shares of the industrial products company’s stock valued at $8,603,000 after purchasing an additional 16,348 shares during the last quarter. Finally, Keybank National Association OH grew its position in shares of Worthington Industries by 22.3% in the second quarter. Keybank National Association OH now owns 8,351 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 1,525 shares during the last quarter. 45.30% of the stock is currently owned by institutional investors and hedge funds.

Worthington Industries Stock Down 1.6 %

WOR stock opened at $51.26 on Tuesday. The company’s 50 day simple moving average is $52.79 and its 200-day simple moving average is $49.77. The firm has a market capitalization of $2.55 billion, a PE ratio of 11.78 and a beta of 1.24. Worthington Industries, Inc. has a 12 month low of $38.01 and a 12 month high of $62.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.43 and a quick ratio of 1.43.

Worthington Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Tuesday, March 14th. Worthington Industries’s payout ratio is 28.51%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. BMO Capital Markets lowered their price target on shares of Worthington Industries from $58.00 to $52.00 and set a “market perform” rating on the stock in a research report on Friday, September 30th. StockNews.com assumed coverage on shares of Worthington Industries in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Worthington Industries Profile

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Worthington Industries, Inc, an industrial manufacturing company, focuses on value-added steel processing, manufactured consumer, building, and sustainable mobility products in North America and internationally. It operates through Steel Processing, Consumer Products, Building Products, and Sustainable Energy Solutions segments.

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

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