Proficio Capital Partners LLC Invests $478,000 in Worthington Enterprises, Inc. (NYSE:WOR)

Proficio Capital Partners LLC bought a new position in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 11,913 shares of the industrial products company's stock, valued at approximately $478,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV grew its holdings in shares of Worthington Enterprises by 45.1% during the 3rd quarter. KBC Group NV now owns 1,136 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 353 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Worthington Enterprises during the 3rd quarter valued at $85,000. Point72 DIFC Ltd bought a new position in shares of Worthington Enterprises during the 3rd quarter valued at $110,000. Point72 Hong Kong Ltd bought a new position in shares of Worthington Enterprises during the 3rd quarter valued at $124,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Worthington Enterprises during the 3rd quarter valued at $199,000. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Canaccord Genuity Group increased their target price on shares of Worthington Enterprises from $46.00 to $49.00 and gave the company a "hold" rating in a report on Thursday, December 19th. Seaport Res Ptn upgraded shares of Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $46.00.

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Worthington Enterprises Trading Up 2.1 %

Shares of WOR stock traded up $0.82 during mid-day trading on Friday, reaching $40.72. The stock had a trading volume of 284,986 shares, compared to its average volume of 290,467. The stock's 50-day moving average price is $41.67 and its two-hundred day moving average price is $41.57. The firm has a market capitalization of $2.04 billion, a PE ratio of 49.06 and a beta of 1.21. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. Worthington Enterprises, Inc. has a 52-week low of $37.88 and a 52-week high of $69.96.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. The firm had revenue of $274.05 million for the quarter, compared to analyst estimates of $273.77 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The company's revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 EPS. Equities analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, March 14th. Worthington Enterprises's payout ratio is 81.93%.

About Worthington Enterprises

Worthington Enterprises, Inc operates as an industrial manufacturing company. It operates through three segments: Building Products, Consumer Products, and Sustainable Energy Solutions. The Building Products segment sells refrigerant and LPG cylinders, well water and expansion tanks, fire suppression tanks, chemical tanks, and foam and adhesive tanks for gas producers, and distributors.