Dynamic Technology Lab Private Ltd buys $1,634,284 stake in Worthington Industries (WOR)

Worthington Industries (WOR) : Dynamic Technology Lab Private Ltd scooped up 23,150 additional shares in Worthington Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 39,079 shares of Worthington Industries which is valued at $1,634,284.Worthington Industries makes up approximately 0.42% of Dynamic Technology Lab Private Ltd’s portfolio.

Other Hedge Funds, Including , New York State Common Retirement Fund boosted its stake in WOR in the latest quarter, The investment management firm added 23,076 additional shares and now holds a total of 74,741 shares of Worthington Industries which is valued at $3,125,669. Twin Capital Management Inc added WOR to its portfolio by purchasing 43,543 company shares during the most recent quarter which is valued at $1,856,674. Worthington Industries makes up approx 0.13% of Twin Capital Management Inc’s portfolio.New York State Teachers Retirement System boosted its stake in WOR in the latest quarter, The investment management firm added 7,600 additional shares and now holds a total of 122,075 shares of Worthington Industries which is valued at $5,371,300. Worthington Industries makes up approx 0.01% of New York State Teachers Retirement System’s portfolio. Old Mutual Global Investors (uk) Ltd. sold out all of its stake in WOR during the most recent quarter. The investment firm sold 15,051 shares of WOR which is valued $662,244.

Worthington Industries closed down -0.84 points or -1.94% at $42.36 with 2,96,491 shares getting traded on Friday. Post opening the session at $42.81, the shares hit an intraday low of $42.05 and an intraday high of $42.85 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Worthington Industries reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Jun 29, 2016. Analyst had a consensus of $0.62. The company had revenue of $714.67 million for the quarter, compared to analysts expectations of $692.48 million. The company’s revenue was down -15.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Investors should note that on Jun 29, 2016, Worthington Industries announced a cash dividend of $0.2000. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 29, 2016.

Worthington Industries Inc. is a diversified metals manufacturing company. The Company’s segments include Steel Processing Pressure Cylinders Engineered Cabs and Other. The Company’s 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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