Legal & General Group Plc Increases Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

Legal & General Group Plc increased its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,960 shares of the industrial products company’s stock after acquiring an additional 819 shares during the quarter. Legal & General Group Plc owned approximately 0.19% of Worthington Enterprises worth $3,729,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quadrant Capital Group LLC raised its holdings in shares of Worthington Enterprises by 121.0% in the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company’s stock valued at $33,000 after buying an additional 455 shares during the last quarter. KBC Group NV lifted its position in Worthington Enterprises by 63.7% during the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 724 shares during the period. Aigen Investment Management LP purchased a new position in shares of Worthington Enterprises in the 4th quarter valued at approximately $205,000. EntryPoint Capital LLC acquired a new position in shares of Worthington Enterprises in the fourth quarter valued at approximately $240,000. Finally, AXQ Capital LP purchased a new stake in shares of Worthington Enterprises during the fourth quarter worth approximately $246,000. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on WOR. The Goldman Sachs Group boosted their price objective on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a “sell” rating in a research note on Thursday, April 3rd. Canaccord Genuity Group increased their price target on shares of Worthington Enterprises from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Thursday, March 27th. Finally, Seaport Res Ptn raised Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.00.

Worthington Enterprises Stock Up 2.9 %

Shares of NYSE WOR opened at $47.78 on Wednesday. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 57.56 and a beta of 1.06. Worthington Enterprises, Inc. has a 52 week low of $37.88 and a 52 week high of $60.71. The firm has a 50-day moving average price of $44.40 and a 200 day moving average price of $42.03. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The business had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. During the same quarter in the previous year, the company earned $0.80 EPS. The company’s quarterly revenue was down 3.9% on a year-over-year basis. Equities research analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.42%. Worthington Enterprises’s dividend payout ratio (DPR) is currently 57.63%.

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.