Raymond James Financial Inc. Takes Position in Worthington Enterprises, Inc. (NYSE:WOR)

Raymond James Financial Inc. bought a new stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,825 shares of the industrial products company's stock, valued at approximately $394,000.

Several other large investors have also modified their holdings of the stock. Point72 Asset Management L.P. acquired a new position in shares of Worthington Enterprises during the third quarter worth about $199,000. Jane Street Group LLC boosted its holdings in Worthington Enterprises by 98.9% in the 3rd quarter. Jane Street Group LLC now owns 79,464 shares of the industrial products company's stock valued at $3,294,000 after purchasing an additional 39,507 shares in the last quarter. XTX Topco Ltd acquired a new position in Worthington Enterprises during the 3rd quarter worth approximately $257,000. MML Investors Services LLC raised its stake in shares of Worthington Enterprises by 24.5% during the 3rd quarter. MML Investors Services LLC now owns 7,827 shares of the industrial products company's stock worth $324,000 after buying an additional 1,538 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Worthington Enterprises by 24.8% in the 3rd quarter. Barclays PLC now owns 128,158 shares of the industrial products company's stock valued at $5,312,000 after buying an additional 25,453 shares during the period. Hedge funds and other institutional investors own 51.59% of the company's stock.

Worthington Enterprises Price Performance

Shares of NYSE:WOR traded up $1.02 during midday trading on Friday, hitting $47.59. 291,565 shares of the stock were exchanged, compared to its average volume of 302,752. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $60.71. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average price of $43.71 and a 200-day moving average price of $41.74. The stock has a market cap of $2.38 billion, a P/E ratio of 57.33 and a beta of 1.06.

Remove Ads

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. The firm had revenue of $304.52 million during the quarter, compared to analysts' expectations of $289.09 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. On average, research analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.43%. Worthington Enterprises's dividend payout ratio (DPR) is presently 57.63%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. The Goldman Sachs Group upped their price objective on 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 raised shares of Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. Finally, Canaccord Genuity Group raised their price objective on shares of Worthington Enterprises from $49.00 to $54.00 and gave the company a "hold" rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $48.00.

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.