Fisher Asset Management LLC raised its stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 187.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 202,305 shares of the industrial products company's stock after buying an additional 132,040 shares during the quarter. Fisher Asset Management LLC owned about 0.40% of Worthington Enterprises worth $8,114,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Worthington Enterprises by 3.3% in the third quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company's stock valued at $33,739,000 after buying an additional 25,824 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Worthington Enterprises by 90.7% during the third quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company's stock worth $5,725,000 after buying an additional 65,685 shares during the last quarter. Verition Fund Management LLC acquired a new position in Worthington Enterprises during the third quarter worth $1,014,000. Intech Investment Management LLC acquired a new position in Worthington Enterprises during the third quarter worth $633,000. Finally, Rhumbline Advisers increased its holdings in Worthington Enterprises by 9.7% during the fourth quarter. Rhumbline Advisers now owns 107,490 shares of the industrial products company's stock worth $4,311,000 after buying an additional 9,539 shares during the last quarter. Institutional investors own 51.59% of the company's stock.
Worthington Enterprises Stock Performance
Shares of NYSE:WOR traded up $1.74 on Friday, hitting $42.14. The company had a trading volume of 391,006 shares, compared to its average volume of 287,696. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $69.96. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 50.78 and a beta of 1.21. The stock has a 50 day moving average price of $41.60 and a 200 day moving average price of $41.69. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32.
Worthington Enterprises (NYSE:WOR - Get Free Report) last released its quarterly earnings data on Tuesday, December 17th. The industrial products company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The firm had revenue of $274.05 million for the quarter, compared to the consensus estimate of $273.77 million. During the same period in the previous year, the company earned $0.78 earnings per share. The company's quarterly revenue was down 8.1% on a year-over-year basis. Analysts expect that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.
Worthington Enterprises Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 1.61%. Worthington Enterprises's dividend payout ratio (DPR) is presently 81.93%.
Analyst Ratings Changes
A number of brokerages recently weighed in on WOR. Canaccord Genuity Group boosted their target price on shares of Worthington Enterprises from $46.00 to $49.00 and gave the stock a "hold" rating in a report on Thursday, December 19th. Seaport Res Ptn upgraded shares of Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $46.00.
Check Out Our Latest Report 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.
Further Reading
Before you consider Worthington Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Worthington Enterprises wasn't on the list.
While Worthington Enterprises currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
