Keeley Teton Advisors LLC Buys 9,372 Shares of Worthington Enterprises, Inc. $WOR

Key Points

• Keeley Teton Advisors LLC increased its stake in Worthington Enterprises, Inc. by 168.1%, now holding 14,948 shares valued at approximately $749,000.
• Worthington Enterprises recently increased its quarterly dividend from $0.17 to $0.19 per share, resulting in an annualized dividend of $0.76 and a yield of 1.1%.
• The company reported earnings of $1.06 per share for the last quarter, surpassing expectations, with revenues totaling $317.88 million, although revenue was down by 0.3% year-over-year.

Keeley Teton Advisors LLC raised its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 168.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,948 shares of the industrial products company's stock after buying an additional 9,372 shares during the quarter. Keeley Teton Advisors LLC's holdings in Worthington Enterprises were worth $749,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WOR. Wells Fargo & Company MN increased its holdings in shares of Worthington Enterprises by 19.2% in the 4th quarter. Wells Fargo & Company MN now owns 27,762 shares of the industrial products company's stock worth $1,114,000 after purchasing an additional 4,474 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Worthington Enterprises in the 4th quarter worth $394,000. MetLife Investment Management LLC increased its holdings in shares of Worthington Enterprises by 7.2% in the 4th quarter. MetLife Investment Management LLC now owns 19,281 shares of the industrial products company's stock worth $773,000 after purchasing an additional 1,296 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of 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 worth $124,000 after purchasing an additional 585 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Worthington Enterprises in the 4th quarter worth $207,000. Hedge funds and other institutional investors own 51.59% of the company's stock.

Worthington Enterprises Stock Performance

Shares of WOR traded down $0.75 during trading hours on Monday, hitting $65.81. The stock had a trading volume of 143,548 shares, compared to its average volume of 190,290. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 2.62. Worthington Enterprises, Inc. has a 12 month low of $37.88 and a 12 month high of $70.91. The firm has a market capitalization of $3.28 billion, a PE ratio of 34.45 and a beta of 1.20. The stock has a fifty day moving average price of $63.71 and a 200 day moving average price of $55.07.

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

Worthington Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.19 per share. 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 1.2%. The ex-dividend date of this dividend is Monday, September 15th. Worthington Enterprises's dividend payout ratio is presently 35.60%.

Analyst Upgrades and Downgrades

A number of analysts have commented on WOR shares. Canaccord Genuity Group lifted their target price on Worthington Enterprises from $69.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Zacks Research lowered Worthington Enterprises from a "strong-buy" rating to a "hold" rating in a report on Monday, August 25th. Wall Street Zen raised Worthington Enterprises from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 24th. Finally, The Goldman Sachs Group lifted their price objective on Worthington Enterprises from $44.00 to $50.00 and gave the stock a "sell" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $59.00.

About Worthington Enterprises

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.