Proficio Capital Partners LLC purchased a new position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,913 shares of the industrial products company's stock, valued at approximately $478,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Worthington Enterprises in the third quarter valued at about $1,764,000. Intech Investment Management LLC acquired a new stake in shares of Worthington Enterprises in the 3rd quarter worth approximately $633,000. Charles Schwab Investment Management Inc. increased its stake in Worthington Enterprises by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 493,280 shares of the industrial products company's stock valued at $20,446,000 after purchasing an additional 18,480 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Worthington Enterprises by 24.8% during the third quarter. Fisher Asset Management LLC now owns 70,265 shares of the industrial products company's stock worth $2,912,000 after purchasing an additional 13,974 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Worthington Enterprises by 39.4% during the third quarter. BNP Paribas Financial Markets now owns 46,323 shares of the industrial products company's stock worth $1,920,000 after purchasing an additional 13,097 shares in the last quarter. 51.59% of the stock is owned by hedge funds and other institutional investors.
Worthington Enterprises Price Performance
Shares of WOR traded down $1.16 during trading hours on Friday, reaching $50.44. 644,640 shares of the company traded hands, compared to its average volume of 292,999. The stock has a market capitalization of $2.52 billion, a PE ratio of 60.77 and a beta of 1.21. The stock has a fifty day simple moving average of $42.22 and a 200 day simple moving average of $41.45. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $62.86. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32.
Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. During the same period in the previous year, the firm posted $0.80 EPS. Worthington Enterprises's revenue was down 3.9% on a year-over-year basis. As a group, research analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.
Worthington Enterprises Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.35%. Worthington Enterprises's dividend payout ratio (DPR) is 57.63%.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on Worthington Enterprises from $49.00 to $54.00 and gave the stock a "hold" rating in a research note on Thursday. 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 issued a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $47.67.
Read Our Latest Analysis on WOR
About Worthington Enterprises
(
Free Report)
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.
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