Teacher Retirement System of Texas Increases Stock Holdings in Worthington Enterprises, Inc. $WOR

Key Points

• Teacher Retirement System of Texas increased its stake in Worthington Enterprises by 66.6% in Q4 to 107,035 shares (about $5.52M), representing roughly 0.22% of the company.
• Worthington beat Q1 estimates with EPS of $0.98 (vs. $0.95) and revenue of $378.7M (vs. $349.4M), reporting revenue growth of 24.4% year-over-year and announcing a $0.19 quarterly dividend (annualized $0.76, ~1.4% yield).
• Institutional investors hold 51.59% of the stock, while analyst coverage is mixed—average rating "Hold" with an average price target of $61 (2 Buys, 2 Holds, 1 Sell).

Teacher Retirement System of Texas increased its holdings in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 66.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,035 shares of the industrial products company's stock after acquiring an additional 42,782 shares during the quarter. Teacher Retirement System of Texas owned about 0.22% of Worthington Enterprises worth $5,520,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. M&T Bank Corp lifted its stake in Worthington Enterprises by 233.4% in the fourth quarter. M&T Bank Corp now owns 32,561 shares of the industrial products company's stock worth $1,679,000 after acquiring an additional 22,795 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Worthington Enterprises by 1.4% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 31,828 shares of the industrial products company's stock worth $1,642,000 after acquiring an additional 429 shares during the period. CWM LLC lifted its stake in Worthington Enterprises by 41.5% in the fourth quarter. CWM LLC now owns 2,867 shares of the industrial products company's stock worth $148,000 after acquiring an additional 841 shares during the period. Farther Finance Advisors LLC lifted its stake in Worthington Enterprises by 81.3% in the fourth quarter. Farther Finance Advisors LLC now owns 678 shares of the industrial products company's stock worth $35,000 after acquiring an additional 304 shares during the period. Finally, G2 Capital Management LLC OH lifted its stake in Worthington Enterprises by 210.0% in the fourth quarter. G2 Capital Management LLC OH now owns 11,810 shares of the industrial products company's stock worth $609,000 after acquiring an additional 8,000 shares during the period. Hedge funds and other institutional investors own 51.59% of the company's stock.

Worthington Enterprises Price Performance

WOR opened at $55.24 on Monday. The stock has a fifty day simple moving average of $52.98 and a two-hundred day simple moving average of $54.28. The company has a current ratio of 2.36, a quick ratio of 1.44 and a debt-to-equity ratio of 0.31. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 24.55 and a beta of 1.32. Worthington Enterprises, Inc. has a 12-month low of $45.01 and a 12-month high of $70.91.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its quarterly earnings data on Tuesday, March 24th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.03. The business had revenue of $378.68 million during the quarter, compared to the consensus estimate of $349.41 million. Worthington Enterprises had a return on equity of 17.74% and a net margin of 8.42%.The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. Research analysts predict that Worthington Enterprises, Inc. will post 3.41 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a $0.19 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.4%. Worthington Enterprises's dividend payout ratio is 33.78%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WOR. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $69.00 price target on shares of Worthington Enterprises in a research note on Thursday, March 26th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Worthington Enterprises in a research note on Monday, April 20th. Finally, Wall Street Zen lowered Worthington Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, April 11th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Worthington Enterprises presently has an average rating of "Hold" and an average price target of $61.00.

About Worthington Enterprises

Worthington Enterprises NYSE: WOR is a diversified metal manufacturing company that produces pressure vessels, engineered assemblies and fabricated metal products. The company's portfolio includes the design and manufacture of cylinders for compressed gases, such as propane, natural gas and hydrogen, as well as transport tanks and other pressure-containment solutions for the industrial gas, energy and transportation markets. In addition to its pressure vessel operations, Worthington Enterprises offers metal processing and distribution services, supplying coil, sheet and plate products to customers across multiple industries.

Founded in 1955 and headquartered in Columbus, Ohio, Worthington Enterprises has grown from a single steel processing facility into a multi‐division organization with operations in the United States, Canada and Mexico.

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