Ethic Inc. Makes New Investment in Worthington Enterprises, Inc. (NYSE:WOR)

Ethic Inc. bought a new position in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,086 shares of the industrial products company's stock, valued at approximately $284,000.

Several other large investors have also added to or reduced their stakes in WOR. Quadrant Capital Group LLC boosted its position 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 valued at $33,000 after acquiring an additional 455 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Worthington Enterprises during the 4th quarter valued at about $40,000. Itau Unibanco Holding S.A. boosted its position in shares of Worthington Enterprises by 41.9% during the 4th 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. KBC Group NV boosted its position in shares of 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 during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Worthington Enterprises by 23.4% during 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 acquiring an additional 585 shares during the last quarter. Institutional investors own 51.59% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Seaport Res Ptn upgraded Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. Canaccord Genuity Group upgraded Worthington Enterprises from a "hold" rating to a "buy" rating and lifted their price target for the company from $54.00 to $67.00 in a research report on Monday, May 5th. Finally, The Goldman Sachs Group lifted 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $52.33.

Worthington Enterprises Price Performance

NYSE:WOR traded down $0.22 during mid-day trading on Friday, reaching $57.66. The stock had a trading volume of 155,878 shares, compared to its average volume of 311,110. The firm has a 50 day moving average price of $50.45 and a two-hundred day moving average price of $44.39. The stock has a market capitalization of $2.88 billion, a P/E ratio of 69.46 and a beta of 1.18. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year 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.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its 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 company 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%. Worthington Enterprises's quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. As a group, analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.18%. Worthington Enterprises's payout ratio is 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.