Worthington Industries, Inc. (NYSE:WOR) Shares Acquired by Swiss National Bank

Swiss National Bank grew its holdings in Worthington Industries, Inc. (NYSE:WOR – Get Rating) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 77,700 shares of the industrial products company’s stock after buying an additional 400 shares during the quarter. Swiss National Bank’s holdings in Worthington Industries were worth $3,862,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Worthington Industries by 6.8% during the first quarter. JPMorgan Chase & Co. now owns 195,470 shares of the industrial products company’s stock worth $10,049,000 after purchasing an additional 12,396 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Worthington Industries by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 574,534 shares of the industrial products company’s stock worth $29,538,000 after purchasing an additional 3,213 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Worthington Industries by 41.6% during the first quarter. MetLife Investment Management LLC now owns 38,363 shares of the industrial products company’s stock worth $1,972,000 after purchasing an additional 11,272 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Worthington Industries by 25.0% during the first quarter. Panagora Asset Management Inc. now owns 17,946 shares of the industrial products company’s stock worth $923,000 after purchasing an additional 3,592 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Worthington Industries by 11.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,947 shares of the industrial products company’s stock worth $614,000 after purchasing an additional 1,222 shares in the last quarter. Institutional investors and hedge funds own 45.30% of the company’s stock.

Insider Activity

In related news, SVP Catherine M. Lyttle sold 10,000 shares of the stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $62.90, for a total transaction of $629,000.00. Following the completion of the transaction, the senior vice president now directly owns 53,984 shares of the company’s stock, valued at $3,395,593.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Worthington Industries news, Chairman John P/Oh Mcconnell sold 17,000 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $57.52, for a total value of $977,840.00. Following the completion of the transaction, the chairman now directly owns 1,338,633 shares of the company’s stock, valued at $76,998,170.16. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Catherine M. Lyttle sold 10,000 shares of the stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $62.90, for a total transaction of $629,000.00. Following the completion of the transaction, the senior vice president now directly owns 53,984 shares of the company’s stock, valued at $3,395,593.60. The disclosure for this sale can be found here. Corporate insiders own 39.20% of the company’s stock.

Worthington Industries Stock Performance

NYSE WOR opened at $57.65 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.57 and a quick ratio of 1.67. Worthington Industries, Inc. has a 1 year low of $38.01 and a 1 year high of $65.17. The company has a market capitalization of $2.87 billion, a PE ratio of 13.79 and a beta of 1.25. The company has a fifty day moving average of $59.12 and a two-hundred day moving average of $56.56.

Worthington Industries (NYSE:WOR – Get Rating) last released its quarterly earnings data on Wednesday, March 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.34. Worthington Industries had a net margin of 3.97% and a return on equity of 13.98%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $909.00 million. During the same quarter in the prior year, the firm posted $1.13 earnings per share. Worthington Industries’s revenue for the quarter was down 19.9% on a year-over-year basis. As a group, analysts expect that Worthington Industries, Inc. will post 4.93 earnings per share for the current year.

Worthington Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.15%. Worthington Industries’s payout ratio is 29.67%.

Analysts Set New Price Targets

A number of brokerages recently commented on WOR. StockNews.com began coverage on shares of Worthington Industries in a research note on Thursday. They set a “buy” rating for the company. BMO Capital Markets boosted their target price on shares of Worthington Industries from $54.00 to $60.00 in a research note on Friday, March 24th.

Worthington Industries Company Profile

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Worthington Industries, Inc engages in processing of value-added steel and manufacturing of metal products. It operates through the following segments: Steel Processing and Pressure Cylinders. The Steel Processing segment consists of Worthington Steel business unit and consolidated joint ventures, which operates steel business and its prices.