6,636 Shares in Worthington Enterprises, Inc. $WOR Bought by Entropy Technologies LP

Key Points

• Entropy Technologies LP acquired 6,636 shares of Worthington Enterprises, valued at approximately $332,000, indicating growing institutional interest in the company.
• Analysts have mixed ratings on Worthington Enterprises, with one research firm lowering its rating from "strong-buy" to "buy," while others have adjusted their price targets upwards.
• Worthington Enterprises recently declared a quarterly dividend increase to $0.19, reflecting a commitment to returning value to shareholders, with a current dividend yield of 1.2%.

Entropy Technologies LP purchased a new stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,636 shares of the industrial products company's stock, valued at approximately $332,000.

Other large investors also recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in shares of Worthington Enterprises in the fourth quarter valued at approximately $40,000. State of Wyoming bought a new position in shares of Worthington Enterprises in the fourth quarter valued at approximately $51,000. Itau Unibanco Holding S.A. boosted its holdings in shares of 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 in the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 51.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WOR. Wall Street Zen cut shares of Worthington Enterprises from a "strong-buy" rating to a "buy" rating in a report on Saturday. Canaccord Genuity Group increased their price objective on shares of Worthington Enterprises from $69.00 to $81.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Finally, The Goldman Sachs Group raised their target price on shares of Worthington Enterprises from $44.00 to $50.00 and gave the stock a "sell" rating in a 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 company's stock. According to data from MarketBeat.com, Worthington Enterprises currently has a consensus rating of "Moderate Buy" and an average target price of $59.00.

Worthington Enterprises Trading Up 0.6%

Worthington Enterprises stock traded up $0.36 during midday trading on Tuesday, reaching $65.48. The stock had a trading volume of 20,848 shares, compared to its average volume of 323,205. The firm's fifty day simple moving average is $62.55 and its two-hundred day simple moving average is $53.57. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $70.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 2.62. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 34.29 and a beta of 1.21.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its earnings results on Tuesday, June 24th. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.22. Worthington Enterprises had a net margin of 8.33% and a return on equity of 16.66%. The company had revenue of $317.88 million during the quarter, compared to the consensus estimate of $300.96 million. During the same quarter in the prior year, the firm earned $0.74 EPS. The company's revenue was down .3% compared to the same quarter last year. Equities analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Worthington Enterprises's previous quarterly dividend of $0.17. Worthington Enterprises's dividend payout ratio (DPR) is currently 35.60%.

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.