Texas Permanent School Fund Has $1.10 Million Stake in Worthington Industries, Inc. (WOR)

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Texas Permanent School Fund decreased its stake in shares of Worthington Industries, Inc. (NYSE:WOR) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 25,419 shares of the industrial products company’s stock after selling 2,369 shares during the period. Texas Permanent School Fund’s holdings in Worthington Industries were worth $1,102,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in WOR. Victory Capital Management Inc. boosted its holdings in shares of Worthington Industries by 9.2% during the 2nd quarter. Victory Capital Management Inc. now owns 1,388,897 shares of the industrial products company’s stock worth $58,292,000 after buying an additional 116,552 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Worthington Industries by 10.8% during the 2nd quarter. Macquarie Group Ltd. now owns 1,151,872 shares of the industrial products company’s stock worth $48,344,000 after buying an additional 112,524 shares during the period. Fisher Asset Management LLC bought a new stake in shares of Worthington Industries during the 2nd quarter worth about $4,430,000. Dimensional Fund Advisors LP boosted its holdings in shares of Worthington Industries by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,213 shares of the industrial products company’s stock worth $84,246,000 after buying an additional 95,260 shares during the period. Finally, WBI Investments Inc. bought a new stake in shares of Worthington Industries during the 2nd quarter worth about $3,889,000. 50.46% of the stock is owned by institutional investors and hedge funds.

Shares of WOR stock opened at $42.42 on Friday. The stock has a market cap of $2.59 billion, a P/E ratio of 14.73 and a beta of 0.84. The company has a quick ratio of 1.18, a current ratio of 1.98 and a debt-to-equity ratio of 0.72. Worthington Industries, Inc. has a 52 week low of $39.29 and a 52 week high of $49.93.

Worthington Industries (NYSE:WOR) last announced its earnings results on Wednesday, September 26th. The industrial products company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.10). The company had revenue of $988.10 million for the quarter, compared to the consensus estimate of $1.03 billion. Worthington Industries had a return on equity of 18.42% and a net margin of 5.49%. The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 EPS. On average, research analysts forecast that Worthington Industries, Inc. will post 3.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, December 13th. Worthington Industries’s dividend payout ratio is currently 31.94%.

WOR has been the subject of several research analyst reports. ValuEngine raised shares of Worthington Industries from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Jefferies Financial Group reduced their target price on shares of Worthington Industries from $48.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, September 27th. JPMorgan Chase & Co. reduced their target price on shares of Worthington Industries from $48.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, September 27th. Finally, Zacks Investment Research downgraded shares of Worthington Industries from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th.

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About Worthington Industries

Worthington Industries, Inc, a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Austria, Canada, Mexico, Poland, Portugal, and Turkey. The company operates through three segments: Steel Processing, Pressure Cylinders, and Engineered Cabs.

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Want to see what other hedge funds are holding WOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Worthington Industries, Inc. (NYSE:WOR).

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

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