Worthington Industries Stock Today

WOR Stock  USD 62.15  0.19  0.31%   

Performance

5 of 100

 
Low
 
High
Modest

Odds Of Distress

Less than 6

 
100  
 
Zero
Low
Worthington Industries is selling at 62.15 as of the 28th of March 2024; that is 0.31 percent increase since the beginning of the trading day. The stock's lowest day price was 62.15. Worthington Industries has only a 6 % chance of going through financial distress over the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Worthington Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Materials
IPO Date
26th of March 1990
Category
Industrials
Worthington Industries, Inc., an industrial manufacturing company, focuses on value-added steel processing, manufactured consumer, building, and sustainable mobility products in North America and internationally. The company was founded in 1955 and is headquartered in Columbus, Ohio. The company has 49.99 M outstanding shares of which 1.84 M shares are at this time shorted by investors with about 6.15 days to cover. More on Worthington Industries

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Worthington Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Worthington Industries' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Worthington Industries or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOB Rose
Thematic IdeaSteel Works Etc (View all Themes)
Old NameCHINA ECOTO. SUB.HD-0025
Business ConcentrationMetals & Mining, Metal Fabrication, Industrials, NYSE Composite, SP Small-Cap 600, SPASX 100, Australia All Ordinaries, SPASX All Australian, SPASX 300, SPASX 200, SPASX Midcap 50, SPASX 200 Accumulated, Steel Works Etc, Materials, Metals & Mining, Metal Fabrication, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Worthington Industries report their recommendations after researching Worthington Industries' financial statements, talking to executives and customers, or listening in on Worthington Industries' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Worthington Industries. The Worthington consensus assessment is calculated by taking the average forecast from all of the analysts covering Worthington Industries.
Financial Strength
Based on the key indicators related to Worthington Industries' liquidity, profitability, solvency, and operating efficiency, Worthington Industries may be sliding down financialy. It has an above-average likelihood of going through some form of financial trouble next quarter. Financial strength of Worthington Industries is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.07790.0808
Sufficiently Down
Pretty Stable
Asset Turnover1.61.55
Sufficiently Up
Pretty Stable
Gross Profit Margin0.180.16
Moderately Up
Very volatile
Net Debt340.7 M391.5 M
Fairly Down
Very volatile
Total Current Liabilities440.7 M825.2 M
Way Down
Slightly volatile
Non Current Liabilities Total1.3 B1.3 B
Sufficiently Up
Slightly volatile
Total Assets4.4 B4.2 B
Sufficiently Up
Slightly volatile
Total Current Assets2.3 B2.1 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities755.1 M719.2 M
Sufficiently Up
Slightly volatile
Worthington Industries' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Worthington Industries' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Worthington Industries' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Worthington Industries' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Worthington Industries' financial leverage. It provides some insight into what part of Worthington Industries' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Worthington Industries' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Worthington Industries deploys its capital and how much of that capital is borrowed.
Liquidity
Worthington Industries cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 795.38 M in debt with debt to equity (D/E) ratio of 0.49, which is OK given its current industry classification. Worthington Industries has a current ratio of 2.13, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Worthington Industries until it has trouble settling it off, either with new capital or with free cash flow. So, Worthington Industries' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Worthington Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Worthington to invest in growth at high rates of return. When we think about Worthington Industries' use of debt, we should always consider it together with cash and equity.

Depreciation

70.61 Million
Worthington Industries (WOR) is traded on New York Stock Exchange in USA. It is located in 200 Old Wilson Bridge Road, Columbus, OH, United States, 43085 and employs 5,000 people. Worthington Industries is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 3.1 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Worthington Industries's market, we take the total number of its shares issued and multiply it by Worthington Industries's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Worthington Industries runs under Metals & Mining sector within Materials industry. The entity has 49.99 M outstanding shares of which 1.84 M shares are at this time shorted by investors with about 6.15 days to cover. Worthington Industries has about 454.95 M in cash with 625.36 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.72.
Check Worthington Industries Probability Of Bankruptcy
Ownership Allocation
Worthington Industries retains a total of 49.99 Million outstanding shares. Over half of Worthington Industries' outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that purchase positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Worthington Industries. Please watch out for any change in the institutional holdings of Worthington Industries as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company shows, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Worthington Ownership Details

Worthington Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Worthington Industries jumping above the current price in 90 days from now is about 21.19%. The Worthington Industries probability density function shows the probability of Worthington Industries stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.4591. This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Worthington Industries will likely underperform. Additionally, worthington Industries has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 62.15HorizonTargetOdds Above 62.15
78.66%90 days
 62.15 
21.19%
Based on a normal probability distribution, the odds of Worthington Industries to move above the current price in 90 days from now is about 21.19 (This Worthington Industries probability density function shows the probability of Worthington Stock to fall within a particular range of prices over 90 days) .

Worthington Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Worthington Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Worthington Industries' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Worthington Industries' value.
InstituionRecorded OnShares
Arrowstreet Capital Limited Partnership2023-12-31
393.4 K
Northern Trust Corp2023-12-31
354.1 K
Morgan Stanley - Brokerage Accounts2023-12-31
346.2 K
Norges Bank2023-12-31
331.4 K
Aqr Capital Management Llc2023-12-31
228.9 K
Bank Of America Corp2023-12-31
196.6 K
Nuveen Asset Management, Llc2023-12-31
188.3 K
American Century Companies Inc2023-12-31
183.9 K
Amvescap Plc.2023-12-31
174.1 K
Blackrock Inc2023-12-31
5.1 M
Vanguard Group Inc2023-12-31
3.9 M
View Worthington Industries Diagnostics

Worthington Industries Historical Income Statement

Worthington Industries Income Statement is one of the three primary financial statements used for reporting Worthington's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Worthington Industries revenue and expense. Worthington Industries Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Worthington Industries' Income Before Tax is relatively stable compared to the past year. As of 03/28/2024, Net Income is likely to grow to about 309.8 M, while Interest Expense is likely to drop slightly above 16.1 M. View More Fundamentals

Worthington Stock Against Markets

Picking the right benchmark for Worthington Industries stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Worthington Industries stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Worthington Industries is critical whether you are bullish or bearish towards Worthington Industries at a given time. Please also check how Worthington Industries' historical prices are related to one of the top price index indicators.

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Worthington Industries Corporate Directors

Worthington Industries corporate directors refer to members of a Worthington Industries board of directors. The board of directors generally takes responsibility for the Worthington Industries' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Worthington Industries' board members must vote for the resolution. The Worthington Industries board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Kerrii AndersonIndependent DirectorProfile
Peter KarmanosIndependent DirectorProfile
John BlystoneLead Independent DirectorProfile
Michael EndresIndependent DirectorProfile

How to buy Worthington Stock?

Before investing in Worthington Industries, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Worthington Industries. To buy Worthington Industries stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Worthington Industries. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Worthington Industries stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Worthington Industries stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Worthington Industries stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Worthington Industries, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Worthington Stock please use our How to Invest in Worthington Industries guide.

Already Invested in Worthington Industries?

The danger of trading Worthington Industries is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Worthington Industries is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Worthington Industries. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Worthington Industries is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Worthington Industries is a strong investment it is important to analyze Worthington Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Worthington Industries' future performance. For an informed investment choice regarding Worthington Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Worthington Stock, please use our How to Invest in Worthington Industries guide.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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When running Worthington Industries' price analysis, check to measure Worthington Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Worthington Industries is operating at the current time. Most of Worthington Industries' value examination focuses on studying past and present price action to predict the probability of Worthington Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Industries' price. Additionally, you may evaluate how the addition of Worthington Industries to your portfolios can decrease your overall portfolio volatility.
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Is Worthington Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Worthington Industries. If investors know Worthington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Worthington Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.53)
Dividend Share
1.11
Earnings Share
3.8
Revenue Per Share
97.839
Quarterly Revenue Growth
(0.71)
The market value of Worthington Industries is measured differently than its book value, which is the value of Worthington that is recorded on the company's balance sheet. Investors also form their own opinion of Worthington Industries' value that differs from its market value or its book value, called intrinsic value, which is Worthington Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Worthington Industries' market value can be influenced by many factors that don't directly affect Worthington Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Worthington Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Worthington Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Worthington Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.