Deutsche Bank AG Has $3.34 Million Position in Worthington Enterprises, Inc. (NYSE:WOR)

Deutsche Bank AG grew its stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 131.5% in 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 0.17% of Worthington Enterprises worth $3,336,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WOR. Quadrant Capital Group LLC grew its stake in shares of Worthington Enterprises by 121.0% during the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after acquiring an additional 455 shares in the last quarter. Anchor Investment Management LLC acquired a new position in Worthington Enterprises during the fourth quarter worth $40,000. Itau Unibanco Holding S.A. boosted its holdings in Worthington Enterprises by 41.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock worth $68,000 after purchasing an additional 501 shares during the last quarter. KBC Group NV grew its position in Worthington Enterprises by 63.7% in the fourth quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock valued at $75,000 after purchasing an additional 724 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Worthington Enterprises by 23.4% in 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 last quarter. Institutional investors own 51.59% of the company's stock.

Wall Street Analysts Forecast Growth

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

Worthington Enterprises Stock Performance

Shares of WOR traded down $0.22 during midday trading on Monday, reaching $57.66. The stock had a trading volume of 155,878 shares, compared to its average volume of 311,833. The firm has a market cap of $2.88 billion, a PE ratio of 69.46 and a beta of 1.18. The firm has a 50 day simple moving average of $51.12 and a 200-day simple moving average of $44.64. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $61.71. 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 - Get Free Report) last issued its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. The business had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. Worthington Enterprises's revenue was down 3.9% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. As a group, sell-side analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.18%. Worthington Enterprises's dividend payout ratio 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.