Deutsche Bank AG Purchases 47,245 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Deutsche Bank AG lifted its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 131.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,169 shares of the industrial products company’s stock after buying an additional 47,245 shares during the quarter. Deutsche Bank AG owned about 0.17% of Worthington Enterprises worth $3,336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. PDS Planning Inc raised its stake in shares of Worthington Enterprises by 3.1% in the fourth quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company’s stock worth $473,000 after buying an additional 356 shares during the period. Quadrant Capital Group LLC grew its holdings in Worthington Enterprises by 121.0% during the 4th 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 in the last quarter. Itau Unibanco Holding S.A. raised its holdings in Worthington Enterprises by 41.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company’s stock valued at $68,000 after buying an additional 501 shares during the period. Tower Research Capital LLC TRC raised its holdings in Worthington Enterprises by 23.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company’s stock valued at $124,000 after buying an additional 585 shares during the period. Finally, LPL Financial LLC grew its position in Worthington Enterprises by 9.2% in the 4th quarter. LPL Financial LLC now owns 7,396 shares of the industrial products company’s stock valued at $297,000 after acquiring an additional 624 shares during the last quarter. Institutional investors own 51.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WOR shares. The Goldman Sachs Group upped their price objective on Worthington Enterprises from $39.00 to $44.00 and gave the company a “sell” rating in a research report on Thursday, April 3rd. Canaccord Genuity Group raised Worthington Enterprises from a “hold” rating to a “buy” rating and raised their price target for the stock from $54.00 to $67.00 in a report on Monday, May 5th. Finally, Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $52.33.

Worthington Enterprises Stock Up 0.2%

Shares of WOR opened at $59.95 on Wednesday. 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, Inc. has a 12 month low of $37.88 and a 12 month high of $61.71. The stock’s 50 day moving average is $49.37 and its two-hundred day moving average is $44.04. The firm has a market cap of $2.99 billion, a P/E ratio of 72.23 and a beta of 1.18.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping 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 return on equity of 14.70% and a net margin of 3.66%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. Analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.13%. Worthington Enterprises’s dividend payout ratio (DPR) is currently 57.63%.

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.