Mutual of America Capital Management LLC Takes Position in Worthington Enterprises, Inc. (NYSE:WOR)

Mutual of America Capital Management LLC purchased a new position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,519 shares of the industrial products company's stock, valued at approximately $226,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake 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 buying an additional 455 shares during the last quarter. Itau Unibanco Holding S.A. increased its stake in shares of Worthington Enterprises by 41.9% in 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 purchasing an additional 501 shares in the last quarter. Tower Research Capital LLC TRC increased its stake 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 valued at $124,000 after purchasing an additional 585 shares in the last quarter. Graham Capital Management L.P. increased 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. Finally, LPL Financial LLC increased its stake in shares of Worthington Enterprises by 9.2% in the 4th quarter. LPL Financial LLC now owns 7,396 shares of the industrial products company's stock valued at $297,000 after purchasing an additional 624 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WOR shares. 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. Canaccord Genuity Group boosted 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $59.00.

Worthington Enterprises Stock Performance

NYSE WOR traded down $0.51 during trading hours on Friday, hitting $61.70. The company had a trading volume of 270,217 shares, compared to its average volume of 307,776. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.48. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $70.91. The company has a market cap of $3.08 billion, a PE ratio of 32.30 and a beta of 1.19. The business has a 50 day moving average of $61.23 and a 200-day moving average of $50.99.

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

Worthington Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a dividend of $0.19 per share. This is an increase from Worthington Enterprises's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.23%. Worthington Enterprises's payout ratio 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.