KeyBanc analyst Philip Gibbs maintained a Hold rating on Worthington Industries (WOR – Research Report) today. The company’s shares closed yesterday at $59.81.
According to TipRanks, Gibbs is a 5-star analyst with an average return of 18.5% and a 62.63% success rate. Gibbs covers the Basic Materials sector, focusing on stocks such as Materion, United States Steel, and ATI.
Worthington Industries has an analyst consensus of Hold, with a price target consensus of $65.00, representing an 8.68% upside. In a report released on September 28, BMO Capital also assigned a Hold rating to the stock with a $65.00 price target.
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WOR market cap is currently $2.99B and has a P/E ratio of 10.31.
Based on the recent corporate insider activity of 54 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. Most recently, in July 2023, Geoffrey G. Gilmore, the EVP & COO of WOR sold 32,444.00 shares for a total of $2,385,923.84.
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Worthington Industries (WOR) Company Description:
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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