Burney Co. Has $4.16 Million Holdings in Worthington Industries, Inc. (NYSE:WOR)

Burney Co. lessened its holdings in shares of Worthington Industries, Inc. (NYSE:WOR) by 0.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 59,833 shares of the industrial products company’s stock after selling 528 shares during the period. Burney Co.’s holdings in Worthington Industries were worth $4,157,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in Worthington Industries by 33.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,378 shares of the industrial products company’s stock valued at $89,000 after purchasing an additional 346 shares during the period. Point72 Hong Kong Ltd boosted its position in Worthington Industries by 1,470.4% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,806 shares of the industrial products company’s stock worth $93,000 after buying an additional 1,691 shares during the period. Point72 Middle East FZE bought a new position in Worthington Industries during the 4th quarter worth $120,000. FMR LLC lifted its stake in shares of Worthington Industries by 11.2% in the first quarter. FMR LLC now owns 2,146 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 216 shares during the period. Finally, Federated Hermes Inc. increased its position in Worthington Industries by 33.6% during the 1st quarter. Federated Hermes Inc. now owns 2,842 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 714 shares during the period. 45.30% of the stock is currently owned by institutional investors and hedge funds.

Worthington Industries Price Performance

Shares of WOR opened at $66.31 on Wednesday. The stock has a market cap of $3.31 billion, a PE ratio of 11.41 and a beta of 1.35. Worthington Industries, Inc. has a fifty-two week low of $48.16 and a fifty-two week high of $77.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.95. The firm’s 50-day simple moving average is $64.47 and its two-hundred day simple moving average is $65.33.

Worthington Industries (NYSE:WOR) last released its quarterly earnings results on Thursday, September 28th. The industrial products company reported $2.06 EPS for the quarter, beating the consensus estimate of $2.04 by $0.02. Worthington Industries had a net margin of 6.14% and a return on equity of 17.66%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The business’s revenue for the quarter was down 15.3% compared to the same quarter last year. Analysts anticipate that Worthington Industries, Inc. will post 5.55 earnings per share for the current fiscal year.

Worthington Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.93%. Worthington Industries’s dividend payout ratio is currently 22.03%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. TheStreet downgraded Worthington Industries from a “b” rating to a “c+” rating in a research note on Monday, October 2nd. StockNews.com assumed coverage on Worthington Industries in a research report on Thursday, October 5th. They issued a “buy” rating on the stock.

Worthington Industries Profile

Worthington Industries, Inc, an industrial manufacturing company, focuses on value-added steel processing, laser welded solutions, electrical steel laminations and 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.