Trimtabs Asset Management adds Worthington Industries (WOR) to its portfolio

Worthington Industries (WOR) : Trimtabs Asset Management added new position in Worthington Industries during the most recent quarter end. The investment management firm now holds 43,543 shares of Worthington Industries which is valued at $1,870,607 , the company said in a statement filed on Aug 1, 2016 with the SEC.Worthington Industries makes up approximately 1.16% of Trimtabs Asset Management’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama reduced its stake in WOR by selling 701 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 58,000 shares of WOR which is valued at $2,604,200. Worthington Industries makes up approx 0.01% of Retirement Systems Of Alabama’s portfolio.Creative Planning boosted its stake in WOR in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 350 shares of Worthington Industries which is valued at $15,719.Investment Partners Ltd Oh Adv reduced its stake in WOR by selling 1,456 shares or 13.45% in the most recent quarter. The Hedge Fund company now holds 9,367 shares of WOR which is valued at $420,672. Worthington Industries makes up approx 0.41% of Investment Partners Ltd Oh Adv’s portfolio.

Worthington Industries opened for trading at $42.95 and hit $43.36 on the upside on Thursday, eventually ending the session at $43.19, with a gain of 0.54% or 0.23 points. The heightened volatility saw the trading volume jump to 3,89,269 shares. Company has a market cap of $2,697 M.

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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