November 21, 2016 - By Nellie Frank · 0 Comments
The stock of Worthington Industries Incorporated (NYSE:WOR) registered an increase of 0.03% in short interest. WOR’s total short interest was 2.32M shares in November as published by FINRA. Its up 0.03% from 2.32M shares, reported previously. With 368,000 shares average volume, it will take short sellers 6 days to cover their WOR’s short positions. The short interest to Worthington Industries Incorporated’s float is 5.17%. About 249,484 shares traded hands. Worthington Industries, Inc. (NYSE:WOR) has risen 53.59% since April 19, 2016 and is uptrending. It has outperformed by 49.73% the S&P500.
Worthington Industries, Inc. is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The company has a market cap of $3.81 billion. The Company’s divisions include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. It has a 21.26 P/E ratio. The Steel Processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors.
Insitutional Activity: The institutional sentiment decreased to 1.2 in Q2 2016. Its down 0.11, from 1.31 in 2016Q1. The ratio dived, as 21 funds sold all Worthington Industries, Inc. shares owned while 67 reduced positions. 47 funds bought stakes while 68 increased positions. They now own 31.15 million shares or 2.18% more from 30.49 million shares in 2016Q1.
Northern Tru Corporation has invested 0.01% of its portfolio in Worthington Industries, Inc. (NYSE:WOR). State Board Of Administration Of Florida Retirement, a Florida-based fund reported 31,798 shares. Ubs Asset Management Americas Incorporated holds 0% of its portfolio in Worthington Industries, Inc. (NYSE:WOR) for 32,449 shares. Ellington Management Group Inc Inc Ltd Limited Liability Company has 6,800 shares for 0.4% of their US portfolio. Envestnet Asset Management holds 3,654 shares or 0% of its portfolio. Dowling & Yahnke Limited Liability Company accumulated 0.03% or 5,384 shares. Babson Ltd Company owns 94,070 shares or 0.1% of their US portfolio. Teacher Retirement System Of Texas has 6,719 shares for 0% of their US portfolio. Gateway Invest Advisers Lc has invested 0.03% of its portfolio in Worthington Industries, Inc. (NYSE:WOR). Moreover, Blackrock Ltd has 0% invested in Worthington Industries, Inc. (NYSE:WOR) for 53,923 shares. Smith Graham And Advisors Lp accumulated 1.17% or 201,240 shares. Central Comml Bank accumulated 0.02% or 1,387 shares. The New Jersey-based Bessemer Gp has invested 0% in Worthington Industries, Inc. (NYSE:WOR). Wcm Invest Mgmt Ca holds 0.09% of its portfolio in Worthington Industries, Inc. (NYSE:WOR) for 130,047 shares. Manufacturers Life Insur The holds 0.01% of its portfolio in Worthington Industries, Inc. (NYSE:WOR) for 90,236 shares.
Insider Transactions: Since July 6, 2016, the stock had 0 insider buys, and 3 sales for $808,610 net activity. 3,750 shares were sold by LYTTLE CATHERINE M, worth $158,888. BRINKMAN DALE T sold $176,316 worth of stock or 4,188 shares. $473,406 worth of Worthington Industries, Inc. (NYSE:WOR) was sold by GILMORE GEOFFREY G.
Out of 2 analysts covering Worthington Industries (NYSE:WOR), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Worthington Industries has been the topic of 4 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by JP Morgan on Thursday, March 24. The stock of Worthington Industries, Inc. (NYSE:WOR) has “Hold” rating given on Thursday, August 27 by Zacks. The rating was maintained by Jefferies with “Hold” on Thursday, September 29.
Worthington Industries, Inc., incorporated on August 24, 1998, is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The Company’s divisions include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Company’s manufactured metal products include pressure cylinders for liquefied petroleum gas (LPG), compressed natural gas (CNG), oxygen, refrigerant and other industrial gas storage; hand torches and filled hand torch cylinders; propane-filled camping cylinders; helium-filled balloon kits; steel and fiberglass tanks and processing equipment primarily for the gas and oil industry; cryogenic pressure vessels for liquefied natural gas (LNG) and other gas storage applications; engineered cabs and operator stations and cab components, and through joint ventures, suspension grid systems for concealed and lay-in panel ceilings; laser welded blanks; light gauge steel framing for commercial and residential construction, and automotive service stampings.
More important recent Worthington Industries, Inc. (NYSE:WOR) news were published by: Bizjournals.com which released: “Worthington Industries cutting 555 jobs, including 100+ in Ohio” on March 24, 2015, also Finance.Yahoo.com published article titled: “Worthington Industries Named to Victory Media’s 2017 Military Friendly(R …”, Marketwatch.com published: “Worthington Industries’ stock surges after results beat expectations” on June 29, 2016. More interesting news about Worthington Industries, Inc. (NYSE:WOR) was released by: Bizjournals.com and their article: “Worthington Industries exec resigns” with publication date: January 29, 2016.
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By Nellie Frank