Charles Schwab Investment Management Inc. Has $27.05 Million Position in Worthington Enterprises, Inc. $WOR

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Worthington Enterprises by 1.3%, now holding about 1.08% of the company worth $27 million.
• A recent earnings report showed Worthington Enterprises beat analysts' estimates with $1.06 EPS and revenue of $317.88 million, although revenue was down 0.3% year-over-year.
• Worthington Enterprises is set to increase its quarterly dividend from $0.17 to $0.19, reflecting positive adjustments in shareholder returns.

Charles Schwab Investment Management Inc. raised its holdings in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 540,040 shares of the industrial products company's stock after acquiring an additional 6,764 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.08% of Worthington Enterprises worth $27,051,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WOR. State of Wyoming bought a new position in Worthington Enterprises in the fourth quarter valued at approximately $51,000. Itau Unibanco Holding S.A. boosted its stake in Worthington Enterprises by 41.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock valued at $68,000 after acquiring an additional 501 shares during the last quarter. GAMMA Investing LLC boosted its stake in Worthington Enterprises by 77.2% in the first quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company's stock valued at $82,000 after acquiring an additional 716 shares during the last quarter. US Bancorp DE boosted its stake in Worthington Enterprises by 966.2% in the first 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 last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Worthington Enterprises by 23.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company's stock worth $124,000 after purchasing an additional 585 shares in the last quarter. 51.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WOR. Wall Street Zen raised shares of Worthington Enterprises from a "buy" rating to a "strong-buy" rating in a research report on Sunday. The Goldman Sachs Group lifted their price target on shares of Worthington Enterprises from $44.00 to $50.00 and gave the stock a "sell" rating in a research report on Thursday, June 26th. Finally, Canaccord Genuity Group lifted their price target on shares of Worthington Enterprises from $69.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $59.00.

Worthington Enterprises Stock Up 0.4%

WOR traded up $0.28 during trading on Tuesday, hitting $67.02. The company had a trading volume of 247,977 shares, compared to its average volume of 195,634. The company has a market capitalization of $3.34 billion, a PE ratio of 35.09 and a beta of 1.21. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $70.91. The firm's 50-day moving average price is $63.24 and its 200 day moving average price is $54.49. The company has a quick ratio of 2.62, a current ratio of 3.48 and a debt-to-equity ratio of 0.32.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The industrial products company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.84 by $0.22. The business had revenue of $317.88 million for 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 firm's revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. As a group, equities analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a $0.19 dividend. This is a boost from Worthington Enterprises's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.1%. Worthington Enterprises's payout ratio is currently 39.79%.

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.