Lazard Asset Management LLC Acquires 14,548 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Lazard Asset Management LLC grew its holdings in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 1,178.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,782 shares of the industrial products company's stock after purchasing an additional 14,548 shares during the quarter. Lazard Asset Management LLC's holdings in Worthington Enterprises were worth $633,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Graham Capital Management L.P. grew its position in shares of Worthington Enterprises by 9.9% in the fourth 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 during the last quarter. Ethic Inc. acquired a new stake in shares of Worthington Enterprises in the fourth quarter valued at about $284,000. Deutsche Bank AG grew its position in shares of Worthington Enterprises by 131.5% in the fourth quarter. Deutsche Bank AG now owns 83,169 shares of the industrial products company's stock valued at $3,336,000 after purchasing an additional 47,245 shares during the last quarter. Cresset Asset Management LLC grew its position in shares of Worthington Enterprises by 13.8% in the fourth quarter. Cresset Asset Management LLC now owns 35,325 shares of the industrial products company's stock valued at $1,417,000 after purchasing an additional 4,279 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Worthington Enterprises by 236.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 222,281 shares of the industrial products company's stock valued at $8,916,000 after buying an additional 156,173 shares during the period. 51.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on WOR. Canaccord Genuity Group upgraded shares of 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 research note on Monday, May 5th. The Goldman Sachs Group increased their target price on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a "sell" rating in a research note on Thursday, April 3rd. Finally, Seaport Res Ptn upgraded shares of Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $52.33.

Worthington Enterprises Stock Performance

Shares of NYSE WOR traded up $1.95 during mid-day trading on Tuesday, hitting $59.54. The company had a trading volume of 196,591 shares, compared to its average volume of 311,372. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50. The business's 50-day simple moving average is $51.48 and its 200-day simple moving average is $44.75. Worthington Enterprises, Inc. has a 12 month low of $37.88 and a 12 month high of $61.71. The firm has a market cap of $2.97 billion, a P/E ratio of 71.74 and a beta of 1.18.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. The firm had revenue of $304.52 million during the quarter, compared to analysts' expectations of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The company's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 earnings per share. As a group, analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.14%. Worthington Enterprises's dividend payout ratio is 57.63%.

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.