BNP Paribas Financial Markets boosted its position in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 39.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,323 shares of the industrial products company's stock after purchasing an additional 13,097 shares during the period. BNP Paribas Financial Markets owned 0.09% of Worthington Enterprises worth $1,920,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. KBC Group NV increased its stake in shares of Worthington Enterprises by 45.1% in the third quarter. KBC Group NV now owns 1,136 shares of the industrial products company's stock valued at $47,000 after buying an additional 353 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Worthington Enterprises in the 2nd quarter valued at approximately $57,000. nVerses Capital LLC acquired a new position in Worthington Enterprises in the 3rd quarter valued at approximately $83,000. Eastern Bank bought a new position in shares of Worthington Enterprises during the third quarter valued at $121,000. Finally, MQS Management LLC acquired a new position in shares of Worthington Enterprises during the second quarter worth $208,000. 51.59% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
WOR has been the subject of a number of recent research reports. StockNews.com upgraded Worthington Enterprises from a "sell" rating to a "hold" rating in a report on Wednesday, September 25th. Canaccord Genuity Group restated a "hold" rating and set a $46.00 price objective on shares of Worthington Enterprises in a research report on Friday, October 4th. Finally, Canaccord Genuity Group reduced their target price on Worthington Enterprises from $52.00 to $46.00 and set a "hold" rating on the stock in a report on Thursday, September 26th.
Check Out Our Latest Research Report on Worthington Enterprises
Worthington Enterprises Trading Down 0.1 %
WOR stock traded down $0.06 during midday trading on Friday, hitting $40.83. The stock had a trading volume of 166,351 shares, compared to its average volume of 149,290. The company has a current ratio of 3.47, a quick ratio of 2.34 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average price of $40.52 and a two-hundred day moving average price of $45.29. Worthington Enterprises, Inc. has a 1-year low of $38.24 and a 1-year high of $69.96. The firm has a market cap of $2.05 billion, a P/E ratio of 53.72 and a beta of 1.26.
Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings data on Tuesday, September 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.21). The business had revenue of $257.31 million during the quarter, compared to analyst estimates of $296.05 million. Worthington Enterprises had a net margin of 1.96% and a return on equity of 12.23%. The firm's revenue for the quarter was down 17.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 earnings per share.
Worthington Enterprises Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, December 13th. Worthington Enterprises's dividend payout ratio (DPR) is 89.47%.
Insider Activity
In other news, CFO Joseph B. Hayek bought 2,500 shares of the stock in a transaction dated Friday, October 11th. The shares were bought at an average cost of $40.21 per share, with a total value of $100,525.00. Following the completion of the transaction, the chief financial officer now directly owns 168,875 shares of the company's stock, valued at $6,790,463.75. This trade represents a 1.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 37.50% of the stock is currently owned by company insiders.
Worthington Enterprises Profile
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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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