Nuveen LLC Purchases Shares of 81,491 Worthington Enterprises, Inc. $WOR

Nuveen LLC purchased a new stake in Worthington Enterprises, Inc. (NYSE:WOR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 81,491 shares of the industrial products company’s stock, valued at approximately $4,082,000. Nuveen LLC owned about 0.16% of Worthington Enterprises at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WOR. Balyasny Asset Management L.P. increased its stake in Worthington Enterprises by 236.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 222,281 shares of the industrial products company’s stock valued at $8,916,000 after buying an additional 156,173 shares during the last quarter. Bastion Asset Management Inc. bought a new position in shares of Worthington Enterprises in the 4th quarter valued at about $3,455,000. Edgestream Partners L.P. bought a new position in shares of Worthington Enterprises in the 1st quarter valued at about $4,103,000. GAMMA Investing LLC grew its position in shares of Worthington Enterprises by 8,773.7% in the 1st quarter. GAMMA Investing LLC now owns 82,348 shares of the industrial products company’s stock valued at $4,125,000 after acquiring an additional 81,420 shares during the period. Finally, Lido Advisors LLC bought a new position in shares of Worthington Enterprises in the 4th quarter valued at about $2,317,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Worthington Enterprises Trading Up 0.7%

NYSE:WOR opened at $67.33 on Thursday. The company has a current ratio of 3.48, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 35.25 and a beta of 1.21. The firm has a fifty day simple moving average of $63.40 and a two-hundred day simple moving average of $54.58. Worthington Enterprises, Inc. has a 12 month low of $37.88 and a 12 month high of $70.91.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings results on Tuesday, June 24th. The industrial products company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.22. The business had revenue of $317.88 million during the quarter, compared to analysts’ expectations of $300.96 million. Worthington Enterprises had a net margin of 8.33% and a return on equity of 16.66%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the company posted $0.74 earnings per share. Analysts expect that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a dividend of $0.19 per share. This is a positive change from Worthington Enterprises’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.1%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 35.60%.

Analyst Ratings Changes

WOR has been the subject of a number of analyst reports. Wall Street Zen raised shares of Worthington Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Canaccord Genuity Group lifted their price objective on shares of Worthington Enterprises from $69.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, June 26th. Zacks Research downgraded shares of Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, The Goldman Sachs Group upped their price target on shares of Worthington Enterprises from $44.00 to $50.00 and gave the company a “sell” rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $59.00.

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.