Jefferies Maintains Worthington Industries to Hold with Price Target $37.00

Brokerage firm Jefferies Maintains its rating on Worthington Industries(NYSE:WOR). In a research note issued to the investors, the brokerage major Raises the price-target to $37.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Jun 10, 2016.

In a different note, On Mar 24, 2016, JP Morgan said it Maintains its rating on Worthington Industries. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Neutral’ by the firm.

Worthington Industries (WOR) made into the market gainers list on Wednesdays trading session with the shares advancing 0.28% or 0.11 points. Due to strong positive momentum, the stock ended at $39.18, which is also near the day’s high of $39.81. The stock began the session at $39.26 and the volume stood at 3,18,194 shares. The 52-week high of the shares is $41.07 and the 52 week low is $21.1. The company has a current market capitalization of $2,447 M and it has 6,24,50,297 shares in outstanding.

Worthington Industries(WOR) last announced its earnings results on Mar 23, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $647.08M. Analysts had an estimated revenue of $706.60M. Earnings per share were $0.46. Analysts had estimated an EPS of $0.52.

Several Insider Transactions has been reported to the SEC. On Apr 29, 2016, Dale T Brinkman (VP-Admin & Secretary) sold 11,500 shares at $37.73 per share price.Also, On Feb 18, 2016, John G Lamprinakos (President, Engineered Cabs) sold 5,063 shares at $30.00 per share price.On Feb 5, 2016, Andrew J Billman (Pres., Worthington Cylinders) sold 63,000 shares at $29.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Worthington Industries Inc. is a diversified metals manufacturing company. The Company’s segments include Steel Processing Pressure Cylinders Engineered Cabs and Other. The Company’s Steel Processing segment consists of the Worthington Steel business unit Precision Specialty Metals Inc. and Worthington Steelpac Systems LLC and also includes two consolidated joint ventures: Spartan Steel Coating LLC which operates a cold-rolled hot dipped galvanizing line in Monroe Michigan and TWB Company L.L.C. which operates a laser welded blank business. Its Pressure Cylinders segment consists of Worthington Cylinders business unit and three consolidated joint ventures: Worthington Nitin Cylinders Limited Worthington Aritas Basincli Kaplar Sanayi and dHybrid Systems LLC. Its Engineered Cabs segment consists of the Worthington Industries Engineered Cabs business unit. Its Other segment includes the Construction Services and Worthington Energy Innovations (WEI) operating segments.

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