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Tuesday, September 26, 2023

Worthington Industries Inc. (WOR) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Worthington Industries Inc. (WOR) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $76.85. The Worthington Industries Inc. has recorded 6,084 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Worthington Industries Electrical Steel Lamination Business, Tempel Steel, Earns Dana’s Global Supplier Award in “Lead Electric Propulsion” Category.

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Stocks Info

Worthington Industries Inc. is listed on the NYSE in the Industrials sector while operating in the Metal Fabrication industry. At the end of the last regular session, the stock closed at $76.85 and fluctuated between $77.42 as its day high and $75.97 as its day low. The current market capitalization of Worthington Industries Inc. is $3.76B. A total of 0.1 million shares were traded on the day, compared to an average of 182.23K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, WOR has seen 41 BUY and 34 SELL insider trades, representing the acquisition of 228,200 and the disposition of 202,011 shares. Over the last 12 months, there were 64 BUYs and 48 SELLs from insiders. Insiders purchased 342,593 shares during that period but sold 295,249.

In the most recent transaction, ANDERSON KERRII B sold 5,000 shares of WOR for 72.00 per share on Aug 07. After the transaction, the Director now owns 64,415 company shares. In a previous transaction on Jul 31, HORTON OZEY K JR sold 1,000 shares at 74.66 per share. WOR shares that Director owns now total 39,069.

Among the insiders who sold shares, GILMORE GEOFFREY G disposed of 32,444 shares on Jul 26 at a per-share price of $73.54. This resulted in the EVP & Chief Operating Officer holding 174,471 shares of WOR after the transaction. In another insider transaction, SMOLENSKI ERIC M sold 5,500 shares at $70.96 per share on Jul 12. Company shares held by the President-Worthington Cylinder now total 85,857.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Worthington Industries Inc. pays an annual dividend of $1.28, resulting in a dividend yield of 1.67%, and it has a price to earnings (P/E) ratio of 14.80. WOR’s most recent ex-dividend date was 9/14/2023 when it declared a $0.32 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/29/2023 with an ex-dividend date of 6/14/2023. The WOR stock dividend was $0.31 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for WOR in the last 3 months, the mean price target is $68.00 with high estimates of $68.00 and low estimates of $68.00. In terms of 52-week highs and lows, WOR has a high of $77.21 and a low of $38.01.

As of this writing, WOR has an earnings estimate of $2.04 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $2.14 per share and a lower estimate of $1.88. The company reported an EPS of $1.04 in the last quarter, which was 44.40% higher than expectations of $0.72.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. WOR’s latest balance sheet shows that the firm has $34.48M in Cash & Short Term Investments as of fiscal 2022. There were $844.41M in debt and $932.26M in liabilities at the time. Its Book Value Per Share was $34.87, while its Total Shareholder’s Equity was $1.61B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WOR is Buy with a score of 3.00.

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