Worthington Industries (WOR) : Spero-smith Investment Advisers Inc Oh added new position in Worthington Industries during the most recent quarter end. The investment management firm now holds 5,222 shares of Worthington Industries which is valued at $224,337 , the company said in a statement filed on Aug 3, 2016 with the SEC.Worthington Industries makes up approximately 0.28% of Spero-smith Investment Advisers Inc Oh’s portfolio.
Other Hedge Funds, Including , State Treasurer State Of Michigan reduced its stake in WOR by selling 100 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 18,078 shares of WOR which is valued at $776,631. Worthington Industries makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio. Fny Managed Accounts added WOR to its portfolio by purchasing 800 company shares during the most recent quarter which is valued at $35,920. Worthington Industries makes up approx 0.04% of Fny Managed Accounts’s portfolio.Lucus Advisors reduced its stake in WOR by selling 5,406 shares or 37.45% in the most recent quarter. The Hedge Fund company now holds 9,029 shares of WOR which is valued at $405,402. Worthington Industries makes up approx 0.31% of Lucus Advisors’s portfolio. Capital Fund Management S.a. added WOR to its portfolio by purchasing 30,400 company shares during the most recent quarter which is valued at $1,364,960. Worthington Industries makes up approx 0.02% of Capital Fund Management S.a.’s portfolio.Acadian Asset Management boosted its stake in WOR in the latest quarter, The investment management firm added 7,827 additional shares and now holds a total of 36,700 shares of Worthington Industries which is valued at $1,621,406. Worthington Industries makes up approx 0.01% of Acadian Asset Management’s portfolio.
Worthington Industries closed down -0.79 points or -1.83% at $42.49 with 4,41,539 shares getting traded on Monday. Post opening the session at $43.41, the shares hit an intraday low of $42.29 and an intraday high of $44 and the price fluctuated in this range throughout the day.Shares ended Monday 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.