Stock of The Day: Could Worthington Industries, Inc. Decline After Today’s Big Increase?

Stock of The Day: Could Worthington Industries, Inc. Decline After Today's Big Increase?

The stock of Worthington Industries, Inc. (NYSE:WOR) is a huge mover today! About 715,255 shares traded hands or 18.99% up from the average. Worthington Industries, Inc. (NYSE:WOR) has risen 57.81% since April 20, 2016 and is uptrending. It has outperformed by 53.26% the S&P500.
The move comes after 6 months positive chart setup for the $4.00B company. It was reported on Nov, 22 by Barchart.com. We have $63.16 PT which if reached, will make NYSE:WOR worth $120.00 million more.

Worthington Industries, Inc. (NYSE:WOR) Ratings Coverage

Out of 2 analysts covering Worthington Industries (NYSE:WOR), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Worthington Industries has been the topic of 4 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, March 24 by JP Morgan. On Thursday, August 27 the stock rating was downgraded by Zacks to “Hold”. The company was maintained on Thursday, September 29 by Jefferies.

According to Zacks Investment Research, “Worthington Industries is one of the leading diversified metal processing companies. The company is one of North America’s premier value-added steel processors and one of the leaders in manufactured metal products such as automotive aftermarket stampings, pressure cylinders, metal framing, metal ceiling grid systems and laser welded blanks. (Company Press Release)”

Insitutional Activity: The institutional sentiment decreased to 1.2 in Q2 2016. Its down 0.11, from 1.31 in 2016Q1. The ratio worsened, as 21 funds sold all Worthington Industries, Inc. shares owned while 67 reduced positions. 47 funds bought stakes while 68 increased positions. They now own 31.15 million shares or 2.18% more from 30.49 million shares in 2016Q1.
Macquarie Grp Inc Inc Limited accumulated 0.06% or 684,725 shares. Blackrock accumulated 0% or 23,094 shares. The California-based Dowling & Yahnke Limited Liability Com has invested 0.03% in Worthington Industries, Inc. (NYSE:WOR). Lord Abbett & Limited Liability Com holds 0.05% or 351,955 shares in its portfolio. Hillsdale Inv Mngmt Inc accumulated 0.15% or 11,940 shares. Stevens Management Lp has invested 0.01% of its portfolio in Worthington Industries, Inc. (NYSE:WOR). Martingale Asset Mgmt Lp has invested 0.01% of its portfolio in Worthington Industries, Inc. (NYSE:WOR). Nationwide Fund Advsr has 112,430 shares for 0.02% of their US portfolio. Dupont Cap Management Corporation last reported 0.18% of its portfolio in the stock. Moreover, Federated Invsts Pa has 0.06% invested in Worthington Industries, Inc. (NYSE:WOR) for 458,025 shares. Teachers accumulated 117,392 shares or 0.01% of the stock. Td Asset Management, a Ontario – Canada-based fund reported 7,880 shares. Ellington Management Group Inc Limited Liability Co accumulated 6,800 shares or 0.4% of the stock. Keybank Association Oh last reported 0% of its portfolio in the stock. Counsel Port Services has invested 0.08% of its portfolio in Worthington Industries, Inc. (NYSE:WOR).

Insider Transactions: Since July 6, 2016, the stock had 0 buys, and 3 insider sales for $808,610 net activity. 3,750 Worthington Industries, Inc. (NYSE:WOR) shares with value of $158,888 were sold by LYTTLE CATHERINE M. Another trade for 11,079 shares valued at $473,406 was made by GILMORE GEOFFREY G on Wednesday, August 3. Another trade for 4,188 shares valued at $176,316 was made by BRINKMAN DALE T on Thursday, July 7.

More important recent Worthington Industries, Inc. (NYSE:WOR) news were published by: Bizjournals.com which released: “Worthington Industries cutting 555 jobs, including 100+ in Ohio” on March 24, 2015, also Finance.Yahoo.com published article titled: “Worthington Industries Named to Victory Media’s 2017 Military Friendly(R …”, Marketwatch.com published: “Worthington Industries’ stock surges after results beat expectations” on June 29, 2016. More interesting news about Worthington Industries, Inc. (NYSE:WOR) was released by: Bizjournals.com and their article: “Worthington Industries exec resigns” with publication date: January 29, 2016.

WOR Company Profile

Worthington Industries, Inc., incorporated on August 24, 1998, is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The Company’s divisions include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. The Company’s manufactured metal products include pressure cylinders for liquefied petroleum gas (LPG), compressed natural gas (CNG), oxygen, refrigerant and other industrial gas storage; hand torches and filled hand torch cylinders; propane-filled camping cylinders; helium-filled balloon kits; steel and fiberglass tanks and processing equipment primarily for the gas and oil industry; cryogenic pressure vessels for liquefied natural gas (LNG) and other gas storage applications; engineered cabs and operator stations and cab components, and through joint ventures, suspension grid systems for concealed and lay-in panel ceilings; laser welded blanks; light gauge steel framing for commercial and residential construction, and automotive service stampings.

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