Mutual of America Capital Management LLC Makes New $226,000 Investment in Worthington Enterprises, Inc. $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 position in shares of 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 (SEC). The fund purchased 4,519 shares of the industrial products company's stock, valued at approximately $226,000.

A number of other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in Worthington Enterprises by 1.3% in the 1st quarter. Victory Capital Management Inc. now owns 30,188 shares of the industrial products company's stock valued at $1,512,000 after purchasing an additional 374 shares during the period. Itau Unibanco Holding S.A. boosted its holdings in shares of Worthington Enterprises by 41.9% during 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 acquiring an additional 501 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Worthington Enterprises by 23.4% during 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 acquiring an additional 585 shares in the last quarter. Graham Capital Management L.P. boosted its holdings in shares of Worthington Enterprises by 9.9% during 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 acquiring an additional 614 shares in the last quarter. Finally, LPL Financial LLC raised its position in Worthington Enterprises by 9.2% during the 4th quarter. LPL Financial LLC now owns 7,396 shares of the industrial products company's stock worth $297,000 after purchasing an additional 624 shares during the last quarter. Institutional investors and hedge funds own 51.59% of the company's stock.

Worthington Enterprises Stock Up 0.1%

Shares of WOR stock traded up $0.04 during trading hours on Monday, reaching $64.92. The company had a trading volume of 16,857 shares, compared to its average volume of 324,343. Worthington Enterprises, Inc. has a 12 month low of $37.88 and a 12 month high of $70.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 2.62. The business has a fifty day simple moving average of $62.47 and a 200-day simple moving average of $53.41. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 34.00 and a beta of 1.21.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its earnings results on Tuesday, June 24th. The industrial products company reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $300.96 million. During the same quarter last year, the company earned $0.74 earnings per share. The company's revenue for the quarter was down .3% on a year-over-year basis. On average, research analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Increases Dividend

The firm also recently declared 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 represents a $0.76 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Worthington Enterprises's previous quarterly dividend of $0.17. Worthington Enterprises's dividend payout ratio (DPR) is presently 35.60%.

Analyst Ratings Changes

Several brokerages recently issued reports on WOR. The Goldman Sachs Group raised their target price on Worthington Enterprises from $44.00 to $50.00 and gave the stock a "sell" rating in a research report on Thursday, June 26th. Canaccord Genuity Group increased their price target on Worthington Enterprises from $69.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Finally, Wall Street Zen lowered Worthington Enterprises from a "strong-buy" rating to a "buy" rating in a report on Saturday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Worthington Enterprises has an average rating of "Moderate Buy" and an average price target of $59.00.

Worthington Enterprises 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.