OMERS ADMINISTRATION Corp Acquires Shares of 11,200 Worthington Enterprises, Inc. $WOR

Key Points

• OMERS ADMINISTRATION Corp has acquired a new stake in Worthington Enterprises, purchasing 11,200 shares valued at approximately $561,000 in the first quarter.
• The company recently boosted its quarterly dividend from $0.17 to $0.19 per share, with an annualized yield of 1.2%.
• Worthington Enterprises reported an earnings per share (EPS) of $1.06 for the most recent quarter, exceeding analysts' estimates of $0.84.

OMERS ADMINISTRATION Corp purchased a new stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 11,200 shares of the industrial products company's stock, valued at approximately $561,000.

Several other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings 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 acquiring an additional 374 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in 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 acquiring an additional 585 shares during the last quarter. Graham Capital Management L.P. raised its holdings in 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 acquiring an additional 614 shares during the last quarter. VELA Investment Management LLC raised its holdings in Worthington Enterprises by 2.1% in the 1st quarter. VELA Investment Management LLC now owns 31,150 shares of the industrial products company's stock valued at $1,560,000 after acquiring an additional 638 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Worthington Enterprises by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,911 shares of the industrial products company's stock valued at $718,000 after acquiring an additional 639 shares during the last quarter. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Worthington Enterprises Stock Down 0.5%

Worthington Enterprises stock traded down $0.33 during trading on Friday, reaching $65.03. 166,190 shares of the company's stock were exchanged, compared to its average volume of 176,799. The company's 50-day moving average is $64.07 and its two-hundred day moving average is $55.65. 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 52-week low of $37.88 and a 52-week high of $70.91. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 34.05 and a beta of 1.20.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The industrial products company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.22. Worthington Enterprises had a net margin of 8.33% and a return on equity of 16.66%. The firm had revenue of $317.88 million during the quarter, compared to analysts' expectations of $300.96 million. During the same period in the prior year, the company earned $0.74 EPS. The firm's revenue was down .3% on a year-over-year basis. On average, analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current 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 is a positive change from Worthington Enterprises's previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.2%. Worthington Enterprises's dividend payout ratio is currently 35.60%.

Analyst Upgrades and Downgrades

WOR has been the subject of several analyst reports. Canaccord Genuity Group boosted their price target on Worthington Enterprises from $69.00 to $81.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Wall Street Zen raised shares of Worthington Enterprises from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 24th. Zacks Research cut shares of Worthington Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 25th. Finally, The Goldman Sachs Group boosted their price objective on shares of Worthington Enterprises from $44.00 to $50.00 and gave the company a "sell" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Worthington Enterprises has an average rating of "Hold" and a consensus target price of $59.00.

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.