Worthington Industries (WOR) Stock Forecast, Price & News

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.
View WOR analyst ratings or view top-rated stocks.

1 brokers have issued 12-month price targets for Worthington Industries' stock. Their WOR share price forecasts range from $68.00 to $68.00. On average, they expect the company's share price to reach $68.00 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
View analysts price targets for WOR or view top-rated stocks among Wall Street analysts.

Worthington Industries' stock was trading at $49.71 on January 1st, 2023. Since then, WOR stock has increased by 24.2% and is now trading at $61.75.
View the best growth stocks for 2023 here.

Worthington Industries saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 382,000 shares, a decline of 18.7% from the August 15th total of 470,100 shares. Based on an average trading volume of 182,400 shares, the short-interest ratio is currently 2.1 days. Approximately 1.2% of the shares of the stock are short sold.
View Worthington Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 19th 2023.
View our WOR earnings forecast.

Worthington Industries, Inc. (NYSE:WOR) released its earnings results on Wednesday, September, 27th. The industrial products company reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.02. The industrial products company earned $1.19 billion during the quarter, compared to analyst estimates of $1.23 billion. Worthington Industries had a net margin of 5.22% and a trailing twelve-month return on equity of 16.96%. Worthington Industries's revenue for the quarter was down 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 earnings per share.

Worthington Industries announced a quarterly dividend on Wednesday, June 28th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.32 per share on Friday, September 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Thursday, September 14th. This is a boost from the stock's previous quarterly dividend of $0.31.
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).

Worthington Industries (NYSE:WOR) pays an annual dividend of $1.28 per share and currently has a dividend yield of 1.87%. 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 24.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WOR will have a dividend payout ratio of 24.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WOR.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "WOR."

Worthington Industries' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.64%), Dimensional Fund Advisors LP (4.58%), State Street Corp (2.84%), Victory Capital Management Inc. (2.46%), Geode Capital Management LLC (1.22%) and Bank of New York Mellon Corp (1.02%). Insiders that own company stock include B Andrew Rose, Catherine M Lyttle, Dale T Brinkman, 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, Richard G Welch and Sidney A Ribeau.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of WOR stock can currently be purchased for approximately $61.75.

Worthington Industries (NYSE:WOR) has a market capitalization of $3.09 billion and generates $4.92 billion in revenue each year. The industrial products company earns $256.53 million in net income (profit) each year or $5.18 on an earnings per share basis.

The company employs 8,200 workers across the globe.

Worthington Industries' mailing address is 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH, 43085. The official website for the company is www.worthingtonindustries.com. The industrial products company can be reached via phone at (614) 438-3210, via email at marcus.rogier@worthingtonindustries.com, or via fax at 614-438-3136.