Teacher Retirement System of Texas Acquires Shares of 4,757 Worthington Enterprises, Inc. (NYSE:WOR)

Teacher Retirement System of Texas bought a new position in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,757 shares of the industrial products company's stock, valued at approximately $238,000.

A number of other institutional investors have also recently modified their holdings of WOR. Quadrant Capital Group LLC increased its holdings in shares of Worthington Enterprises by 121.0% in the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 455 shares during the last quarter. Anchor Investment Management LLC purchased a new position in Worthington Enterprises during the 4th quarter worth approximately $40,000. State of Wyoming acquired a new position in Worthington Enterprises during the fourth quarter worth approximately $51,000. Itau Unibanco Holding S.A. increased its position in Worthington Enterprises by 41.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock worth $68,000 after buying an additional 501 shares during the period. Finally, GAMMA Investing LLC increased its position in Worthington Enterprises by 77.2% during the first quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company's stock worth $82,000 after buying an additional 716 shares during the period. 51.59% of the stock is owned by hedge funds and other institutional investors.

Worthington Enterprises Stock Performance

Shares of NYSE WOR traded up $0.55 during trading hours on Wednesday, reaching $62.97. 235,587 shares of the stock were exchanged, compared to its average volume of 301,444. 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 capitalization of $3.14 billion, a price-to-earnings ratio of 32.97 and a beta of 1.19. The stock's fifty day simple moving average is $61.13 and its 200 day simple moving average is $50.69.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its earnings results on Tuesday, June 24th. The industrial products company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.84 by $0.22. The company 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 for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share. Sell-side analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.21%. This is an increase from Worthington Enterprises's previous quarterly dividend of $0.17. Worthington Enterprises's dividend payout ratio is 35.60%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WOR. 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 report on Thursday, June 26th. The Goldman Sachs Group upped their price objective on Worthington Enterprises from $44.00 to $50.00 and gave the company a "sell" rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Worthington Enterprises currently has an average rating of "Hold" and a consensus price target of $59.00.

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.