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

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.82 out of 5 stars

131st out of 178 stocks

4th out of 6 stocks

Worthington Industries has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

According to analysts' consensus price target of $60.00, Worthington Industries has a forecasted downside of 1.3% from its current price of $60.79.

Worthington Industries has received no research coverage in the past 90 days.

Worthington Industries pays a meaningful dividend of 2.18%, higher than the bottom 25% of all stocks that pay dividends.

Worthington Industries has been increasing its dividend for 12 years.

The dividend payout ratio of Worthington Industries is 29.67%. This payout ratio is at a healthy, sustainable level, below 75%.

Based on earnings estimates, Worthington Industries will have a dividend payout ratio of 28.05% next year. This indicates that Worthington Industries will be able to sustain or increase its dividend.

In the past three months, Worthington Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,606,840.00 in company stock.

39.20% of the stock of Worthington Industries is held by insiders. A high percentage of insider ownership can be a sign of company health.

45.30% of the stock of Worthington Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings for Worthington Industries are expected to decrease by -10.34% in the coming year, from $4.93 to $4.42 per share.

The P/E ratio of Worthington Industries is 14.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.15.

The P/E ratio of Worthington Industries is 14.54, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 15.94.

Worthington Industries has a P/B Ratio of 1.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Worthington Industries, Inc. engages in processing of value-added steel and manufacturing of metal products. It operates through the following segments: Steel Processing and Pressure Cylinders. The Steel Processing segment consists of Worthington Steel business unit and consolidated joint ventures, which operates steel business and its prices. The Pressure Cylinders segment consists of the Worthington Cylinders business unit, which manufactures and sells filled and unfilled pressure cylinders, tanks, hand torches, well water and expansion tanks, and oil & gas equipment along with accessories and related products for diversified end-use market applications. The company was founded by John H. McConnell in 1955 and is headquartered in Columbus, OH.

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1 Wall Street 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 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 brokerages have issued 1 year price targets for Worthington Industries' stock. Their WOR share price forecasts range from $60.00 to $60.00. On average, they predict the company's share price to reach $60.00 in the next twelve months. This suggests that the stock has a possible downside of 1.3%. 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 shares have increased by 22.3% and is now trading at $60.79. View the best growth stocks for 2023 here.

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) posted its earnings results on Wednesday, March, 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.34. The industrial products company earned $1.10 billion during the quarter, compared to analysts' expectations of $909 million. Worthington Industries had a net margin of 3.97% and a trailing twelve-month return on equity of 13.98%. Worthington Industries's revenue was down 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.13 EPS.

Worthington Industries declared 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 dividend yield of 2.04%. The ex-dividend date of this dividend 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 2.18%. 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 number 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. 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 $60.79.

Worthington Industries (NYSE:WOR) has a market capitalization of $3.03 billion and generates $5.21 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 [email protected], or via fax at 614-438-3136.

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