GAMMA Investing LLC Buys 325 Shares of Worthington Enterprises, Inc. $WOR

GAMMA Investing LLC raised its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 19.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,969 shares of the industrial products company’s stock after acquiring an additional 325 shares during the period. GAMMA Investing LLC’s holdings in Worthington Enterprises were worth $125,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP bought a new position in Worthington Enterprises during the 1st quarter valued at about $49,000. Summit Securities Group LLC bought a new position in Worthington Enterprises during the 1st quarter valued at about $75,000. US Bancorp DE lifted its stake in Worthington Enterprises by 966.2% during the 1st quarter. US Bancorp DE now owns 2,207 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 2,000 shares during the period. Waller Financial Planning Group Inc. bought a new position in Worthington Enterprises during the 2nd quarter valued at about $204,000. Finally, Belpointe Asset Management LLC bought a new position in Worthington Enterprises during the 1st quarter valued at about $211,000. Institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Trading Up 1.5%

Shares of WOR opened at $55.54 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.30 and a quick ratio of 2.24. Worthington Enterprises, Inc. has a 1 year low of $37.88 and a 1 year high of $70.91. The company has a 50 day simple moving average of $62.89 and a two-hundred day simple moving average of $57.96. The firm has a market cap of $2.77 billion, a P/E ratio of 26.08 and a beta of 1.20.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings data on Tuesday, September 23rd. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. Worthington Enterprises had a net margin of 8.91% and a return on equity of 17.70%. The business had revenue of $303.70 million during the quarter, compared to analyst estimates of $291.84 million. During the same period last year, the firm posted $0.50 EPS. The company’s revenue was up 18.0% on a year-over-year basis. On average, equities analysts expect 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 Monday, December 29th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, December 15th. Worthington Enterprises’s dividend payout ratio (DPR) is 35.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WOR shares. CJS Securities raised shares of Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 price target for the company in a research report on Wednesday, September 24th. Zacks Research lowered shares of Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. 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 report on Thursday, June 26th. Wall Street Zen raised shares of Worthington Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 24th. Finally, Canaccord Genuity Group reduced their price target on shares of Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Worthington Enterprises has an average rating of “Moderate Buy” and a consensus price target of $62.33.

Insider Transactions at Worthington Enterprises

In related news, Director Michael J. Endres acquired 10,000 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was acquired at an average cost of $52.95 per share, with a total value of $529,500.00. Following the acquisition, the director directly owned 95,524 shares in the company, valued at $5,057,995.80. This represents a 11.69% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.40% of the stock is currently owned by company insiders.

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.