Proficio Capital Partners LLC Acquires New Position in Worthington Enterprises, Inc. (NYSE:WOR)

Proficio Capital Partners LLC purchased a new stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 11,913 shares of the industrial products company's stock, valued at approximately $478,000.

Several other hedge funds have also bought and sold shares of WOR. Pacer Advisors Inc. lifted its stake in shares of Worthington Enterprises by 9.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company's stock worth $71,032,000 after buying an additional 156,762 shares in the last quarter. Fisher Asset Management LLC lifted its position in Worthington Enterprises by 187.9% in the 4th quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company's stock valued at $8,114,000 after acquiring an additional 132,040 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in Worthington Enterprises during the 3rd quarter valued at $3,663,000. JPMorgan Chase & Co. raised its stake in shares of Worthington Enterprises by 90.7% in the third quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company's stock worth $5,725,000 after purchasing an additional 65,685 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Worthington Enterprises in the third quarter worth $1,764,000. Institutional investors own 51.59% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on WOR. Seaport Res Ptn upgraded Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th. Canaccord Genuity Group raised their price target on shares of Worthington Enterprises from $49.00 to $54.00 and gave the company a "hold" rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $47.67.

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Worthington Enterprises Stock Performance

NYSE:WOR traded down $0.80 on Thursday, hitting $50.72. The stock had a trading volume of 190,526 shares, compared to its average volume of 276,074. Worthington Enterprises, Inc. has a 52-week low of $37.88 and a 52-week high of $62.86. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 60.60 and a beta of 1.21. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The business's 50-day simple moving average is $42.02 and its two-hundred day simple moving average is $41.38.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The company had revenue of $304.52 million during the quarter, compared to analyst estimates of $289.09 million. During the same period in the previous year, the business posted $0.80 earnings per share. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. As a group, research analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.34%. Worthington Enterprises's dividend payout ratio (DPR) is 57.63%.

Worthington Enterprises Company Profile

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.