Lazard Asset Management LLC Has $633,000 Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

Lazard Asset Management LLC boosted its holdings in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 1,178.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,782 shares of the industrial products company's stock after buying an additional 14,548 shares during the quarter. Lazard Asset Management LLC's holdings in Worthington Enterprises were worth $633,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WOR. Graham Capital Management L.P. boosted its stake in shares of Worthington Enterprises by 9.9% in the 4th quarter. Graham Capital Management L.P. now owns 6,847 shares of the industrial products company's stock valued at $275,000 after purchasing an additional 614 shares in the last quarter. Ethic Inc. bought a new stake in shares of Worthington Enterprises during the fourth quarter worth $284,000. Deutsche Bank AG grew its stake in shares of Worthington Enterprises by 131.5% during the fourth quarter. Deutsche Bank AG now owns 83,169 shares of the industrial products company's stock worth $3,336,000 after buying an additional 47,245 shares during the last quarter. Cresset Asset Management LLC increased its holdings in shares of Worthington Enterprises by 13.8% during the fourth quarter. Cresset Asset Management LLC now owns 35,325 shares of the industrial products company's stock worth $1,417,000 after buying an additional 4,279 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Worthington Enterprises by 236.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 222,281 shares of the industrial products company's stock valued at $8,916,000 after acquiring an additional 156,173 shares during the last quarter. Institutional investors own 51.59% of the company's stock.

Worthington Enterprises Stock Performance

NYSE WOR opened at $58.69 on Thursday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 70.71 and a beta of 1.18. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $61.71. The stock has a fifty day simple moving average of $50.12 and a 200 day simple moving average of $44.25.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company had revenue of $304.52 million during the quarter, compared to analysts' expectations of $289.09 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The business's quarterly revenue was down 3.9% on a year-over-year basis. Sell-side analysts expect that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.16%. Worthington Enterprises's payout ratio is 57.63%.

Analyst Ratings Changes

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

Want to see what other hedge funds are holding WOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Worthington Enterprises, Inc. (NYSE:WOR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.