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Janney Montgomery Scott LLC has acquired shares of Worthington Industries, Inc. (NYSE:WOR).

Janney Montgomery Scott LLC has acquired shares of Worthington Industries, Inc. (NYSE:WOR).

Janney Montgomery Scott LLC increased the number of Worthington Industries, Inc. (NYSE: WOR) shares held during the third quarter, as stated in the most recent filing that the company made with the Securities and Exchange Commission. The business eventually acquired 34,420 shares of the industrial products company following a series of additional purchases that added up to a total of 14,842 over time. According to the most recent report that Janney Montgomery Scott LLC submitted to the SEC, the firm had a total investment of $1,313,000 in Worthington Industries and owned 0.07% of the company.

Recent months have seen several other institutional investors and hedge funds change the stock holdings contained within their respective investment portfolios. In the second quarter, Inspire Investing LLC brought the total amount of Worthington Industries stock it owned to 4.9% higher than before. Inspire Investing LLC is now the owner of a total of 4,795 shares in the industrial products company after purchasing an additional 224 shares during the most recent quarter. These shares have a value of USD 212,000 as of right now. During the second quarter, EMC Capital Management accomplished a 59.1% increase in the proportion of Worthington Industries stock that it owned. EMC Capital Management now owns a total of 638 shares of the industrial products company’s stock after purchasing an additional 237 shares during the most recent quarter to bring their total number of shares to 638. These shares are currently worth $28,000, which is their market value. Great West Life Assurance Company of Canada increased its holdings in Worthington Industries by 2.0% over the first three months of 2018. Great West Life Assurance Company now has a total of 18,328 shares of stock in the industrial goods business after purchasing an additional 366 shares during the most recent quarter. The stock is currently valued at $970,000. During the second quarter, Commonwealth Equity Services LLC made a 6.2% purchase of additional Worthington Industries stock, bringing its total holdings of that company’s shares to 12%. After purchasing an additional 379 shares during the most recent quarter, Commonwealth Equity Services LLC now owns 6,533 shares in the industrial goods company. The current value of Commonwealth Equity Services LLC’s shares is $288,000. (down from $7,030).

And last but not least, during the third quarter, Cardinal Capital Management increased the amount of Worthington Industries stock held by 4.2%. Following the acquisition of a further 478 shares of the industrial products company’s stock throughout the month, Cardinal Capital Management now has 11,768 shares of ownership in the company’s stock. There is a total value of $449,000 associated with these shares. Institutional investors and hedge funds currently own 45.30 percent of the company’s stock between them.

The most recent information on WOR’s performance has been made public for the benefit of customers of several different brokerage firms. BMO Capital Markets decreased their price objective for Worthington Industries from $58.00 to $52.00 in a research report that was made public on September 30th. Additionally, the firm changed its rating for the company from “market perform” to “underperform.” The research note that StockNews.com initially published regarding Worthington Industries went live on their website for the first time on Wednesday, October 12th. They recommended that shareholders “hold” their shares of the company.

On Tuesday, WOR shares were offered for sale on the public market at $54.99 per share. The company’s market capitalization is currently at $2.73 billion, its PE ratio is currently sitting at 12.64, and its beta is 1.24. The company’s market capitalization is currently sitting at $2.73 billion, its PE ratio is currently sitting at 12.64, and its beta is 1.24. There is a ratio of 0.42 debt to equity, 1.43 quick assets to current assets, and 2.43 current assets to total assets. The stock’s simple moving average over the past fifty days is $53.33, and its simple moving average over the past 200 days is $50.10. The share price of Worthington Industries, Inc. has experienced significant price swings throughout the history of the company, with the stock reaching a 52-week low of $38.01 and a 52-week high of $62.83 at various points.

In addition, the corporation just recently announced the payment of a quarterly dividend, which will take place on March 29th. On March 29th, a dividend payment of $0.31 per share will be made to all stockholders of record as of March 15th. The dividend payment will be distributed. On March 15th, a $0.31 dividend payment per share will be made to all of the stockholders on record as of that date. This equates to an annual dividend payment of $1.24 and a dividend yield of 2.25% per year. The “ex-dividend” status of this dividend will be applied as of March 14th, Tuesday. At this time, Worthington Industries has a dividend payout ratio of 28.51%.

Worthington Industries, Inc. is a manufacturer of various industrial products, and the company has operations not only in North America but also in other parts of the world. The processing of steel with added value, the production of consumer goods, the construction industry, and environmentally friendly transportation products are this company’s primary areas of concentration. The company provides services in various areas, including steel processing, consumer goods, building materials, and environmentally responsible energy solutions.

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