BMO Capital analyst Katja Jancic maintained a Hold rating on Worthington Industries (WOR – Research Report) yesterday and set a price target of $68.00. The company’s shares closed yesterday at $69.00.
According to TipRanks, Jancic is a 3-star analyst with an average return of 10.7% and an 80.00% success rate. Jancic covers the Basic Materials sector, focusing on stocks such as Alcoa, Century Aluminum, and Reliance Steel.
Worthington Industries has an analyst consensus of Hold, with a price target consensus of $68.00.
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Based on Worthington Industries’ latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $1.1 billion and a net profit of $50.26 million. In comparison, last year the company earned a revenue of $1.38 billion and had a net profit of $56.34 million
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WOR in relation to earlier this year. Last month, John P Oh Mcconnell, the EC of WOR sold 17,000.00 shares for a total of $977,840.00.
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Worthington Industries, Inc. engages in processing of value-added steel and manufacturing of metal products. It operates through the following segments: Steel Processing, Pressure Cylinders, and Engineered Cabs. The Steel Processing segment is consist of Worthington Steel business unit which operates eight manufacturing facilities and three consolidated joint ventures. The Pressure Cylinders segment includes the Worthington Cylinders business unit, which operates 19 manufacturing facilities. The Engineered Cabs segment comprises the Worthington Industries Engineered Cabs business unit, which operates four manufacturing facilities. The company was founded by John H. McConnell in 1955 and is headquartered in Columbus, OH.
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