9,825 Shares in Worthington Enterprises, Inc. (NYSE:WOR) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of Worthington Enterprises, Inc. (NYSE:WOR) during the fourth quarter, Holdings Channel reports. The firm purchased 9,825 shares of the industrial products company’s stock, valued at approximately $394,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. KBC Group NV increased its holdings 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 valued at $75,000 after acquiring an additional 724 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Worthington Enterprises during the third quarter worth about $199,000. Aigen Investment Management LP acquired a new position in Worthington Enterprises in the fourth quarter worth about $205,000. XTX Topco Ltd acquired a new stake in Worthington Enterprises during the third quarter worth about $257,000. Finally, MML Investors Services LLC boosted its stake in Worthington Enterprises by 24.5% during the 3rd quarter. MML Investors Services LLC now owns 7,827 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 1,538 shares during the period. 51.59% of the stock is owned by institutional investors and hedge funds.

Worthington Enterprises Stock Performance

Worthington Enterprises stock opened at $43.93 on Wednesday. The company’s 50-day moving average is $43.29 and its two-hundred day moving average is $41.62. Worthington Enterprises, Inc. has a 1 year low of $37.88 and a 1 year high of $61.70. The company has a market cap of $2.20 billion, a PE ratio of 52.92 and a beta of 1.06. 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 (NYSE:WOR) last released its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.18. The firm had revenue of $304.52 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.80 EPS. Equities analysts anticipate that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Dividend Announcement

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 given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.55%. Worthington Enterprises’s payout ratio is presently 57.63%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WOR shares. Canaccord Genuity Group boosted their target price on Worthington Enterprises from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Thursday, March 27th. The Goldman Sachs Group upped their price target on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a “sell” rating in a report on Thursday, April 3rd. Finally, Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. According to MarketBeat, Worthington Enterprises presently has a consensus rating of “Hold” and an average target price of $48.00.

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.