Mutual of America Capital Management LLC Takes $226,000 Position in Worthington Enterprises, Inc. (NYSE:WOR)

Key Points

• Mutual of America Capital Management LLC has acquired a new stake in Worthington Enterprises, purchasing 4,519 shares valued at approximately $226,000 during the first quarter.
• Analysts have mixed ratings for Worthington Enterprises, with Canaccord Genuity raising their price target to $81.00 while Goldman Sachs set a target of $50.00, maintaining a 'sell' rating.
• Worthington Enterprises announced an increase in its quarterly dividend to $0.19 per share, reflecting a yield of 1.1% and a boost from the previous dividend of $0.17.

Mutual of America Capital Management LLC purchased a new stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,519 shares of the industrial products company's stock, valued at approximately $226,000.

A number of other large investors also recently made changes to their positions in WOR. Anchor Investment Management LLC acquired a new position in shares of Worthington Enterprises in the 4th quarter valued at $40,000. State of Wyoming acquired a new position in shares of Worthington Enterprises in the 4th quarter valued at $51,000. Itau Unibanco Holding S.A. lifted 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 during the period. GAMMA Investing LLC lifted its stake in shares of Worthington Enterprises by 77.2% in the 1st quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company's stock valued at $82,000 after purchasing an additional 716 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Worthington Enterprises by 966.2% in the 1st quarter. US Bancorp DE now owns 2,207 shares of the industrial products company's stock valued at $111,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 51.59% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Canaccord Genuity Group raised their price objective on Worthington Enterprises from $69.00 to $81.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. The Goldman Sachs Group raised their price objective on Worthington Enterprises from $44.00 to $50.00 and gave the stock a "sell" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $59.00.

Worthington Enterprises Stock Performance

Shares of Worthington Enterprises stock opened at $66.97 on Thursday. The company has a market capitalization of $3.34 billion, a PE ratio of 35.06 and a beta of 1.21. Worthington Enterprises, Inc. has a 12 month low of $37.88 and a 12 month high of $70.91. The company has a current ratio of 3.48, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The stock's fifty day simple moving average is $62.26 and its 200 day simple moving average is $52.94.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its earnings results on Tuesday, June 24th. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.22. The firm had revenue of $317.88 million during the quarter, compared to analysts' expectations of $300.96 million. Worthington Enterprises had a return on equity of 16.66% and a net margin of 8.33%. The company's revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. On average, research analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Increases Dividend

The company also recently announced 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 represents a $0.76 dividend on an annualized basis and a yield of 1.1%. This is a boost from Worthington Enterprises's previous quarterly dividend of $0.17. Worthington Enterprises's dividend payout ratio is 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.

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