Worthington Industries, Inc. (NYSE:WOR) Shares Tick -0.26% For the Week

Paterniano Del Favero
Agosto 12, 2017

(NYSE:WOR) by 49.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The Cubist Systematic Strategies Llc holds 17,374 shares with $824,000 value, up from 5,760 last quarter. UBS Group AG's holdings in Schnitzer Steel Industries were worth $146,000 at the end of the most recent reporting period. Gateway Investment Advisers LLC raised its position in shares of Worthington Industries by 0.7% in the second quarter. Renaissance Technologies LLC owns 157,800 shares worth $3,977,000. Alpha Windward LLC increased its position in shares of Schnitzer Steel Industries by 5.6% in the first quarter.

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Schnitzer Steel Industries, Inc. Strs Ohio now owns 34,300 shares of the basic materials company's stock valued at $708,000 after buying an additional 6,100 shares in the last quarter. Hedge funds and other institutional investors own 83.49% of the company's stock.

Shares of Worthington Industries (NYSE:WOR) opened at 50.59 on Friday. (NASDAQ SCHN) traded down 0.99% on Friday, hitting $25.05. Cubist Systematic Strategies Llc acquired 11,614 shares as Worthington Inds Inc (WOR)'s stock declined 16.41%. The company has market cap of $3.19 billion.

It is now trading at $49.94 which is marginally lower than $50.33, the stock's 50 day moving average and which is significantly higher than the 200 day moving average of $47.05. Schnitzer Steel Industries has a 1-year low of $17.30 and a 1-year high of $30.60. The dividend will be $0.188 per share for the quarter which is $0.75 annualized. The firm had revenue of $477 million during the quarter. Worthington Industries had a return on equity of 20.59% and a net margin of 6.78%. The firm's quarterly revenue was up 35.5% on a year-over-year basis. Next quarter's EPS is forecasted at $0.37 with next year's EPS anticipated to be $1.51.

Schnitzer Steel Industries, Inc now has a P/E ratio of 16.22 and market capitalization is 688.62M. The company also recently announced a dividend payable on Monday August 21st, 2017. Stockholders of record on Monday, August 7th will be given a $0.1875 dividend. The ex-dividend date is Thursday, August 3rd. Moreover, Gemmer Asset Lc has 0.01% invested in Worthington Industries, Inc.

ILLEGAL ACTIVITY NOTICE: "OLD National Bancorp IN Has $552,000 Position in Worthington Industries, Inc". (NYSE:WOR) to report earnings on September, 27.

COPYRIGHT VIOLATION WARNING: This piece was reported by Week Herald and is the property of of Week Herald. The correct version of this story can be read at https://sportsperspectives.com/2017/08/11/old-national-bancorp-in-holds-position-in-worthington-industries-inc-nysewor-updated-updated-updated.html. According to the past 12 months report, the income was nearly $42.80M and sales remained $1.58B.

01/10/2014 - Schnitzer Steel Industries, Inc. was upgraded to "hold" by analysts at Jefferson Research.

Separately, TheStreet upgraded Schnitzer Steel Industries from a c+ rating to a b rating in a report on Friday, June 30th. Finally, BidaskClub lowered Worthington Industries from a "hold" rating to a "sell" rating in a research note on Saturday, August 5th. On Wednesday, June 14 the stock rating was maintained by Jefferies with "Hold". $22.50's average target is -77.50% below currents $100 stock price. The total value of its holdings decreased 72.8%. Following the completion of the transaction, the insider now directly owns 86,477 shares of the company's stock, valued at $4,397,355.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sidney A. Ribeau sold 5,000 shares of Worthington Industries stock in a transaction on Friday, June 30th. (NYSE:WOR) shares with value of $85,182 were sold by LYTTLE CATHERINE M. The disclosure for this sale can be found here. Insiders sold 65,712 shares of company stock valued at $3,300,819 over the last three months. Insiders own 32.00% of the company's stock.

Schnitzer Steel Industries, Inc is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company's divisions include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. They also manufacture finished steel products at their technologically advanced steel mini-mill.

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