Worthington Industries Stock Price, News & Analysis (NYSE:WOR)

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Worthington Industries in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" WOR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WOR, but not buy additional shares or sell existing shares.
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1 Wall Street analysts have issued twelve-month price objectives for Worthington Industries' stock. Their WOR share price targets range from $68.00 to $68.00. On average, they expect the company's stock price to reach $68.00 in the next year. This suggests a possible upside of 49.3% from the stock's current price.
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Worthington Industries' stock was trading at $49.71 on January 1st, 2023. Since then, WOR shares have decreased by 8.3% and is now trading at $45.56.
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Worthington Industries saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 418,000 shares, an increase of 21.0% from the October 15th total of 345,500 shares. Based on an average trading volume of 230,500 shares, the short-interest ratio is presently 1.8 days. Currently, 1.4% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 19th 2023.
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Worthington Industries, Inc. (NYSE:WOR) announced its quarterly earnings data on Thursday, September, 28th. The industrial products company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.02. The industrial products company earned $1.19 billion during the quarter, compared to analysts' expectations of $1.23 billion. Worthington Industries had a net margin of 6.14% and a trailing twelve-month return on equity of 17.66%. Worthington Industries's quarterly revenue was down 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.61 earnings per share.

Worthington Industries announced a quarterly dividend on Wednesday, September 27th. Investors of record on Wednesday, November 15th will be given a dividend of $0.32 per share on Friday, December 15th. This represents a $1.28 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Tuesday, November 14th.
Read our dividend analysis for WOR.

Worthington Industries (NYSE:WOR) pays an annual dividend of $1.28 per share and currently has a dividend yield of 1.79%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 22.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WOR will have a dividend payout ratio of 23.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WOR.

ETFs with the largest weight of Worthington Industries (NYSE:WOR) stock in their portfolio include VanEck Steel ETF (SLX), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), SPDR S&P Metals & Mining ETF (XME), Invesco S&P MidCap Value with Momentum ETF (XMVM), ProShares Russell 2000 Dividend Growers ETF (SMDV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Direxion Daily Metals & Mining Bull 2X Shares (MNM) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

10 employees have rated Worthington Industries Chief Executive Officer Andy Rose on Glassdoor.com. Andy Rose has an approval rating of 78% among the company's employees. 58.0% of employees surveyed would recommend working at Worthington Industries to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Worthington Industries investors own include Abbott Laboratories (ABT), Cisco Systems (CSCO), AT&T (T), Energy Transfer (ET), Pfizer (PFE), Verizon Communications (VZ), Ford Motor (F), QUALCOMM (QCOM), Exxon Mobil (XOM) and Bristol-Myers Squibb (BMY).

Worthington Industries' stock is owned by many different institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (1.00%), Charles Schwab Investment Management Inc. (0.94%), Victory Capital Management Inc. (0.93%), Northern Trust Corp (0.80%), Invesco Ltd. (0.55%) and Acadian Asset Management LLC (0.41%). Insiders that own company stock include B Andrew Rose, Catherine M Lyttle, David P Blom, Eric M Smolenski, Geoffrey G Gilmore, Jeffrey R Klingler, John B Blystone, John P/Oh Mcconnell, Joseph B Hayek, Kerrii B Anderson, Michael J Endres, Ozey K Horton Jr, Ozey K Horton, Jr, Patrick J Kennedy and Sidney A Ribeau.
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Shares of WOR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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