7,500 Shares in Worthington Enterprises, Inc. (NYSE:WOR) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,500 shares of the industrial products company's stock, valued at approximately $301,000.

A number of other hedge funds have also recently made changes to their positions in WOR. Pacer Advisors Inc. grew its stake in 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 valued at $71,032,000 after purchasing an additional 156,762 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of 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 worth $8,114,000 after buying an additional 132,040 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Worthington Enterprises in the 3rd quarter worth approximately $3,663,000. American Century Companies Inc. raised its stake in shares of Worthington Enterprises by 11.5% during the 4th quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company's stock worth $26,559,000 after acquiring an additional 68,363 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position 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 valued at $5,725,000 after acquiring an additional 65,685 shares during the last quarter. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

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Worthington Enterprises Stock Performance

Worthington Enterprises stock traded up $1.02 during mid-day trading on Friday, reaching $47.59. 291,565 shares of the company traded hands, compared to its average volume of 302,305. The firm's fifty day moving average is $43.71 and its two-hundred day moving average is $41.73. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 57.33 and a beta of 1.06. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $60.71. 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 announced its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The firm had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The business's quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. On average, equities research analysts expect 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. 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 1.43%. Worthington Enterprises's payout ratio is 57.63%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Worthington Enterprises from $39.00 to $44.00 and gave the stock a "sell" rating in a report on Thursday, April 3rd. Seaport Res Ptn upgraded Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. Finally, Canaccord Genuity Group upped their target price on Worthington Enterprises from $49.00 to $54.00 and gave the company a "hold" rating in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $48.00.

Worthington Enterprises 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.