Analyst Rating Update on Worthington Industries (WOR)

Worthington Industries (NYSE:WOR) : The consensus on Worthington Industries (NYSE:WOR) based on 3 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Company shares have received an average consensus rating of Hold for the current week

Worthington Industries (NYSE:WOR): stock turned positive on Tuesday. Though the stock opened at $36.68, the bulls momentum made the stock top out at $37.12 level for the day. The stock recorded a low of $36.51 and closed the trading day at $36.96, in the green by 1.93%. The total traded volume for the day was 782,234. The stock had closed at $36.26 in the previous days trading.

In an insider trading activity,The officer (VP-Admin & Secretary) of Worthington Industries Inc, Brinkman Dale T sold 11,500 shares at $37.73 on April 27, 2016. The Insider selling transaction had a total value worth of $433,895. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Worthington Industries, Inc. is a diversified metals manufacturing company. The Companys segments include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Companys Steel Processing segment consists of the Worthington Steel business unit, Precision Specialty Metals, Inc. and Worthington Steelpac Systems, LLC and also includes two consolidated joint ventures: Spartan Steel Coating, LLC, which operates a cold-rolled hot dipped galvanizing line in Monroe, Michigan, and TWB Company, L.L.C., which operates a laser welded blank business. Its Pressure Cylinders segment consists of Worthington Cylinders business unit and three consolidated joint ventures: Worthington Nitin Cylinders Limited, Worthington Aritas Basincli Kaplar Sanayi and dHybrid Systems, LLC. Its Engineered Cabs segment consists of the Worthington Industries Engineered Cabs business unit. Its Other segment includes the Construction Services and Worthington Energy Innovations (WEI) operating segments.

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