EntryPoint Capital LLC Takes Position in Worthington Enterprises, Inc. (NYSE:WOR)

EntryPoint Capital LLC purchased a new position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,995 shares of the industrial products company's stock, valued at approximately $240,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new position in shares of Worthington Enterprises during the 3rd quarter worth about $633,000. Charles Schwab Investment Management Inc. raised its position in Worthington Enterprises by 3.9% in the third 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 during the period. Fisher Asset Management LLC boosted its holdings in Worthington Enterprises by 24.8% in the 3rd quarter. Fisher Asset Management LLC now owns 70,265 shares of the industrial products company's stock worth $2,912,000 after acquiring an additional 13,974 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Worthington Enterprises by 39.4% in the third quarter. BNP Paribas Financial Markets now owns 46,323 shares of the industrial products company's stock valued at $1,920,000 after purchasing an additional 13,097 shares during the period. Finally, FORA Capital LLC acquired a new position in Worthington Enterprises in the 3rd quarter worth $448,000. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WOR. Seaport Res Ptn upgraded Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. Canaccord Genuity Group lifted their price target on shares of Worthington Enterprises from $49.00 to $54.00 and gave the stock a "hold" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Worthington Enterprises currently has an average rating of "Hold" and an average target price of $47.67.

Remove Ads

Worthington Enterprises Stock Performance

Shares of WOR traded down $0.33 during mid-day trading on Monday, hitting $50.15. The stock had a trading volume of 559,414 shares, compared to its average volume of 294,201. 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 company has a market cap of $2.51 billion, a PE ratio of 60.42 and a beta of 1.21. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $62.56. The company's fifty day simple moving average is $42.39 and its two-hundred day simple moving average is $41.48.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $289.09 million. During the same period last year, the firm posted $0.80 EPS. The company's revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.36%. Worthington Enterprises's dividend payout ratio (DPR) is presently 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.