Fifth Third Bancorp Increases Stock Position in Worthington Industries, Inc. (NYSE:WOR)

Fifth Third Bancorp boosted its stake in Worthington Industries, Inc. (NYSE:WORGet Rating) by 12.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,805 shares of the industrial products company’s stock after acquiring an additional 1,718 shares during the period. Fifth Third Bancorp’s holdings in Worthington Industries were worth $603,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EMC Capital Management lifted its position in Worthington Industries by 59.1% in the second quarter. EMC Capital Management now owns 638 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 237 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE purchased a new stake in Worthington Industries in the second quarter valued at $51,000. Point72 Hong Kong Ltd lifted its position in Worthington Industries by 1,470.4% in the first quarter. Point72 Hong Kong Ltd now owns 1,806 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 1,691 shares during the last quarter. Federated Hermes Inc. lifted its position in Worthington Industries by 33.6% in the first quarter. Federated Hermes Inc. now owns 2,842 shares of the industrial products company’s stock valued at $146,000 after acquiring an additional 714 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in Worthington Industries by 4.9% in the second quarter. Inspire Investing LLC now owns 4,795 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 224 shares during the last quarter. 45.30% of the stock is owned by hedge funds and other institutional investors.

Worthington Industries Price Performance

Shares of NYSE:WOR opened at $51.26 on Tuesday. The company has a 50-day simple moving average of $52.79 and a 200-day simple moving average of $49.77. Worthington Industries, Inc. has a one year low of $38.01 and a one year high of $62.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.43 and a current ratio of 2.43. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 11.78 and a beta of 1.24.

Worthington Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 15th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.42%. Worthington Industries’s payout ratio is 28.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WOR shares. StockNews.com started coverage on shares of Worthington Industries in a report on Wednesday, October 12th. They issued a “hold” rating for the company. BMO Capital Markets reduced their target price on shares of Worthington Industries from $58.00 to $52.00 and set a “market perform” rating for the company in a report on Friday, September 30th.

Worthington Industries Company Profile

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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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Institutional Ownership by Quarter for Worthington Industries (NYSE:WOR)

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