Vontobel Holding Ltd. lowered its holdings in Worthington Industries, Inc. (NYSE:WOR – Get Rating) by 9.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 171,689 shares of the industrial products company’s stock after selling 17,427 shares during the period. Vontobel Holding Ltd. owned about 0.35% of Worthington Industries worth $11,100,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Center for Financial Planning Inc. bought a new stake in shares of Worthington Industries during the fourth quarter valued at approximately $25,000. Romano Brothers AND Company bought a new stake in shares of Worthington Industries during the fourth quarter valued at approximately $50,000. Accurate Wealth Management LLC bought a new stake in shares of Worthington Industries during the fourth quarter valued at approximately $54,000. Huntington National Bank raised its holdings in shares of Worthington Industries by 12.1% during the fourth quarter. Huntington National Bank now owns 1,642 shares of the industrial products company’s stock valued at $82,000 after buying an additional 177 shares during the last quarter. Finally, Point72 Hong Kong Ltd raised its holdings in shares of Worthington Industries by 1,470.4% during the first quarter. Point72 Hong Kong Ltd now owns 1,806 shares of the industrial products company’s stock valued at $93,000 after buying an additional 1,691 shares during the last quarter. Institutional investors own 45.30% of the company’s stock.
Worthington Industries Price Performance
Shares of NYSE:WOR opened at $60.73 on Friday. Worthington Industries, Inc. has a 12 month low of $38.01 and a 12 month high of $65.17. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 14.53 and a beta of 1.25. The stock’s 50 day moving average price is $59.21 and its 200 day moving average price is $57.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.57 and a quick ratio of 1.67.
Insiders Place Their Bets
In other Worthington Industries news, Chairman John P/Oh Mcconnell sold 17,000 shares of Worthington Industries stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $57.52, for a total value of $977,840.00. Following the transaction, the chairman now owns 1,338,633 shares in the company, valued at $76,998,170.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Worthington Industries news, SVP Catherine M. Lyttle sold 10,000 shares of Worthington Industries stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of $62.90, for a total transaction of $629,000.00. Following the transaction, the senior vice president now directly owns 53,984 shares in the company, valued at approximately $3,395,593.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman John P/Oh Mcconnell sold 17,000 shares of Worthington Industries stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $57.52, for a total transaction of $977,840.00. Following the transaction, the chairman now owns 1,338,633 shares in the company, valued at $76,998,170.16. The disclosure for this sale can be found here. 39.20% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on WOR shares. BMO Capital Markets lifted their price target on Worthington Industries from $54.00 to $60.00 in a report on Friday, March 24th. StockNews.com began coverage on Worthington Industries in a report on Thursday, May 18th. They set a “buy” rating on the stock.
About Worthington Industries
Worthington Industries, Inc, an industrial manufacturing company, focuses on value-added steel processing, manufactured consumer, building, and sustainable mobility products in North America and internationally. It operates through Steel Processing, Consumer Products, Building Products, and Sustainable Energy Solutions segments.
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