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 year. 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 analysts have issued twelve-month price targets for Worthington Industries' stock. Their WOR share price forecasts range from $60.00 to $60.00. On average, they anticipate the company's share price to reach $60.00 in the next year. This suggests a possible upside of 6.9% from the stock's current price.
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Worthington Industries' stock was trading at $49.71 at the beginning of the year. Since then, WOR stock has increased by 12.9% and is now trading at $56.14.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 28th 2023.
View our WOR earnings forecast.

Worthington Industries, Inc. (NYSE:WOR) released its earnings results on Wednesday, March, 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.34. The industrial products company earned $1.10 billion during the quarter, compared to the consensus estimate of $909 million. Worthington Industries had a trailing twelve-month return on equity of 13.98% and a net margin of 3.97%. Worthington Industries's quarterly revenue was down 19.9% compared to the same quarter last year. During the same period last year, the business earned $1.13 earnings per share.

Worthington Industries announced a quarterly dividend on Wednesday, March 22nd. Shareholders of record on Thursday, June 15th will be given a dividend of $0.31 per share on Thursday, June 29th. This represents a $1.24 annualized dividend and a yield of 2.21%. The ex-dividend date is Wednesday, June 14th.
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 S&P MidCap Value with Momentum ETF (XMVM), Invesco DWA Basic Materials Momentum ETF (PYZ), SPDR S&P Metals & Mining ETF (XME), ProShares Russell 2000 Dividend Growers ETF (SMDV), Direxion Daily Metal Miners Bull 2X Shares (MNM), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

Worthington Industries (NYSE:WOR) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.13%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WOR will have a dividend payout ratio of 28.05% 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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.72%), Dimensional Fund Advisors LP (4.60%), Macquarie Group Ltd. (3.18%), State Street Corp (2.98%), Victory Capital Management Inc. (2.87%) and Geode Capital Management LLC (1.19%). 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, Michael J Endres, Ozey K Horton Jr, Ozey K Horton, Jr, Patrick J Kennedy, Richard G Welch 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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One share of WOR stock can currently be purchased for approximately $56.14.

Worthington Industries (NYSE:WOR) has a market capitalization of $2.80 billion and generates $5.24 billion in revenue each year. The industrial products company earns $379.39 million in net income (profit) each year or $4.18 on an earnings per share basis.

The company employs 8,400 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.