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

Teacher Retirement System of Texas purchased a new stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,757 shares of the industrial products company's stock, valued at approximately $238,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC boosted its position 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 purchasing an additional 455 shares during the period. Itau Unibanco Holding S.A. grew its holdings in 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 buying an additional 501 shares during the last quarter. Tower Research Capital LLC TRC grew 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 buying an additional 585 shares during the last quarter. Graham Capital Management L.P. increased its position in shares of Worthington Enterprises by 9.9% during the fourth 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 during the period. Finally, LPL Financial LLC boosted its stake in 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 buying an additional 624 shares in the last quarter. 51.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. The Goldman Sachs Group increased their price target 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 upped their price objective on Worthington Enterprises from $69.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Worthington Enterprises currently has a consensus rating of "Hold" and an average target price of $59.00.

Worthington Enterprises Stock Down 1.1%

WOR opened at $62.18 on Friday. The business's fifty day simple moving average is $61.00 and its 200 day simple moving average is $50.22. Worthington Enterprises, Inc. has a 52 week low of $37.88 and a 52 week high of $70.91. The stock has a market cap of $3.10 billion, a PE ratio of 32.55 and a beta of 1.19. The company has a quick ratio of 2.62, a current ratio of 3.48 and a debt-to-equity ratio of 0.32.

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, beating the consensus estimate of $0.84 by $0.22. Worthington Enterprises had a net margin of 8.33% and a return on equity of 16.66%. The company had revenue of $317.88 million during the quarter, compared to the consensus estimate of $300.96 million. During the same quarter last year, the firm earned $0.74 earnings per share. The firm's quarterly revenue was down .3% compared to the same quarter last year. As a group, research analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a $0.19 dividend. This is an increase from Worthington Enterprises's previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. Worthington Enterprises's dividend 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.