Caisse Des Depots ET Consignations Invests $465,000 in Worthington Enterprises, Inc. (NYSE:WOR)

Caisse Des Depots ET Consignations acquired a new stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 11,601 shares of the industrial products company's stock, valued at approximately $465,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC purchased a new position in Worthington Enterprises in the 3rd quarter valued at approximately $633,000. Charles Schwab Investment Management Inc. boosted 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 worth $20,446,000 after buying an additional 18,480 shares during the last quarter. Fisher Asset Management LLC increased its position 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. BNP Paribas Financial Markets raised its position in shares of Worthington Enterprises by 39.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,323 shares of the industrial products company's stock worth $1,920,000 after buying an additional 13,097 shares during the period. Finally, FORA Capital LLC acquired a new position in shares of Worthington Enterprises in the 3rd quarter valued at about $448,000. Hedge funds and other institutional investors own 51.59% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a research 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 stock a "hold" rating in a research report on Thursday, March 27th. One 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. According to MarketBeat.com, Worthington Enterprises has a consensus rating of "Hold" and an average target price of $47.67.

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Worthington Enterprises Stock Performance

WOR traded up $0.03 on Tuesday, hitting $50.12. The company had a trading volume of 88,457 shares, compared to its average volume of 378,612. The company's fifty day moving average price is $42.55 and its 200 day moving average price is $41.52. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $62.20. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 60.39 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50.

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 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 firm had revenue of $304.52 million during the quarter, compared to analyst estimates of $289.09 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. The company's quarterly revenue was down 3.9% compared to the same quarter last year. Equities analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.36%. Worthington Enterprises's payout ratio 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.