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

Deutsche Bank AG grew its holdings in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 131.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,169 shares of the industrial products company's stock after purchasing an additional 47,245 shares during the period. Deutsche Bank AG owned approximately 0.17% of Worthington Enterprises worth $3,336,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WOR. Barclays PLC lifted its holdings in shares of Worthington Enterprises by 24.8% in the third quarter. Barclays PLC now owns 128,158 shares of the industrial products company's stock valued at $5,312,000 after purchasing an additional 25,453 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Worthington Enterprises by 7.5% in the third quarter. Franklin Resources Inc. now owns 18,604 shares of the industrial products company's stock valued at $751,000 after purchasing an additional 1,293 shares in the last quarter. KBC Group NV lifted its holdings in shares of 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. Pacer Advisors Inc. lifted its holdings in shares of Worthington Enterprises by 9.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company's stock valued at $71,032,000 after purchasing an additional 156,762 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Worthington Enterprises by 9.7% in the fourth quarter. Rhumbline Advisers now owns 107,490 shares of the industrial products company's stock valued at $4,311,000 after purchasing an additional 9,539 shares in the last quarter. Hedge funds and other institutional investors own 51.59% of the company's stock.

Worthington Enterprises Stock Down 0.4%

Shares of NYSE WOR traded down $0.22 during mid-day trading on Friday, reaching $57.66. The company had a trading volume of 155,878 shares, compared to its average volume of 311,110. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $61.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. The stock has a market capitalization of $2.88 billion, a PE ratio of 69.46 and a beta of 1.18. The stock's 50 day moving average is $50.45 and its 200-day moving average is $44.39.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted 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. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The business had revenue of $304.52 million for the quarter, compared to the consensus estimate of $289.09 million. During the same period in the prior year, the business posted $0.80 earnings per share. Worthington Enterprises's revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

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 annualized dividend and a yield of 1.18%. Worthington Enterprises's payout ratio is 57.63%.

Analyst Upgrades and Downgrades

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

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.