Worthington Enterprises, Inc. Plans Quarterly Dividend of $0.17 (NYSE:WOR)

Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) declared a quarterly dividend on Tuesday, December 17th,RTT News reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.17 per share by the industrial products company on Friday, March 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.78%.

Worthington Enterprises has increased its dividend by an average of 8.7% per year over the last three years. Worthington Enterprises has a payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings.

Worthington Enterprises Price Performance

WOR traded down $0.55 during trading on Tuesday, reaching $38.13. The stock had a trading volume of 416,129 shares, compared to its average volume of 272,827. The business has a 50-day moving average of $40.35 and a 200-day moving average of $44.51. Worthington Enterprises has a one year low of $37.88 and a one year high of $69.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.34 and a current ratio of 3.47. The stock has a market cap of $1.92 billion, a PE ratio of 50.89 and a beta of 1.26.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced 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. The firm had revenue of $274.05 million for the quarter, compared to analyst estimates of $273.77 million. Worthington Enterprises had a return on equity of 12.23% and a net margin of 1.96%. The company's revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 EPS.

Insider Buying and Selling at Worthington Enterprises

In other news, CFO Joseph B. Hayek purchased 2,500 shares of the business's stock in a transaction dated Friday, October 11th. The shares were purchased at an average price of $40.21 per share, for a total transaction of $100,525.00. Following the completion of the acquisition, the chief financial officer now directly owns 168,875 shares in the company, valued at $6,790,463.75. This represents a 1.50 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 37.50% of the company's stock.

Wall Street Analysts Forecast Growth

WOR has been the subject of a number of recent research reports. Canaccord Genuity Group lowered their price objective on shares of Worthington Enterprises from $52.00 to $46.00 and set a "hold" rating for the company in a report on Thursday, September 26th. StockNews.com raised shares of Worthington Enterprises from a "sell" rating to a "hold" rating in a research note on Wednesday, September 25th. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and set a $46.00 price objective on shares of Worthington Enterprises in a research note on Friday, October 4th.

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.