Today’s Stock Alert: Worthington Industries, Inc. Stock Price Hits All Time High Today

Today's Stock Alert: Worthington Industries, Inc. Stock Price Hits All Time High Today

The stock of Worthington Industries, Inc. (NYSE:WOR) reached all time high today, Nov, 22 and still has $63.82 target or 4.00% above today’s $61.37 share price. This indicates more upside for the $3.93 billion company. This technical setup was reported by If the $63.82 PT is reached, the company will be worth $157.20 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 379,839 shares traded hands. 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.

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 rating was maintained by Jefferies on Thursday, September 29 with “Hold”. The rating was downgraded by Zacks on Thursday, August 27 to “Hold”. JP Morgan maintained Worthington Industries, Inc. (NYSE:WOR) rating on Thursday, March 24. JP Morgan has “Neutral” rating and $36 price target.

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 2016 Q2. Its down 0.11, from 1.31 in 2016Q1. The ratio turned negative, 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.
First Tru Company accumulated 0.03% or 5,000 shares. Piedmont Limited Liability accumulated 0% or 148 shares. Aqr Cap Limited Liability Co last reported 0.06% of its portfolio in the stock. Lord Abbett And Ltd Liability Com has invested 0.05% of its portfolio in Worthington Industries, Inc. (NYSE:WOR). Kcg Holdg accumulated 0.02% or 26,271 shares. Numeric Invsts Ltd Liability Corporation has 15,200 shares for 0.01% of their US portfolio. Old Natl State Bank In accumulated 0.03% or 11,000 shares. Anchor Limited Liability Co holds 0.03% or 32,007 shares in its portfolio. Hanseatic Mgmt last reported 0.01% of its portfolio in the stock. Profund Limited Liability Corporation holds 14,528 shares or 0.03% of its portfolio. Moreover, Brown Advisory has 0% invested in Worthington Industries, Inc. (NYSE:WOR) for 5,152 shares. Huntington Retail Bank reported 46,757 shares or 0.03% of all its holdings. Alliancebernstein L P has 0.01% invested in the company for 137,405 shares. Smith Asset Mgmt Limited Partnership accumulated 729 shares or 0% of the stock. Louisiana State Employees Retirement holds 0.03% of its portfolio in Worthington Industries, Inc. (NYSE:WOR) for 12,000 shares.

Insider Transactions: Since July 6, 2016, the stock had 0 buys, and 3 selling transactions for $808,610 net activity. 4,188 shares were sold by BRINKMAN DALE T, worth $176,316 on Thursday, July 7. LYTTLE CATHERINE M had sold 3,750 shares worth $158,888. Another trade for 11,079 shares valued at $473,406 was made by GILMORE GEOFFREY G on Wednesday, August 3.

More important recent Worthington Industries, Inc. (NYSE:WOR) news were published by: which released: “Worthington Industries cutting 555 jobs, including 100+ in Ohio” on March 24, 2015, also published article titled: “Worthington Industries Named to Victory Media’s 2017 Military Friendly(R …”, 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: 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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