UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 15,981 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 33.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,544 shares of the industrial products company's stock after buying an additional 15,981 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.13% of Worthington Enterprises worth $2,549,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WOR. Balyasny Asset Management L.P. grew its position in shares of Worthington Enterprises by 236.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 222,281 shares of the industrial products company's stock valued at $8,916,000 after purchasing an additional 156,173 shares during the last quarter. Fisher Asset Management LLC grew its position in Worthington Enterprises by 187.9% during the fourth quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company's stock worth $8,114,000 after buying an additional 132,040 shares in the last quarter. Lord Abbett & CO. LLC grew its position in Worthington Enterprises by 132.4% during the fourth quarter. Lord Abbett & CO. LLC now owns 205,330 shares of the industrial products company's stock worth $8,236,000 after buying an additional 116,964 shares in the last quarter. Marshall Wace LLP grew its position in Worthington Enterprises by 151.9% during the fourth quarter. Marshall Wace LLP now owns 181,650 shares of the industrial products company's stock worth $7,286,000 after buying an additional 109,525 shares in the last quarter. Finally, Bastion Asset Management Inc. acquired a new stake in Worthington Enterprises during the fourth quarter worth approximately $3,455,000. Institutional investors and hedge funds own 51.59% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price target on Worthington Enterprises from $39.00 to $44.00 and gave the stock a "sell" rating in a research report on Thursday, April 3rd. Canaccord Genuity Group raised Worthington Enterprises from a "hold" rating to a "buy" rating and increased their price target for the stock from $54.00 to $67.00 in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $52.33.

Worthington Enterprises Price Performance

NYSE WOR traded up $0.34 on Tuesday, hitting $61.13. 161,473 shares of the company's stock were exchanged, compared to its average volume of 312,394. The stock has a 50-day moving average of $53.90 and a 200-day moving average of $46.09. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. Worthington Enterprises, Inc. has a 52 week low of $37.88 and a 52 week high of $61.81. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 73.65 and a beta of 1.19.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The firm had revenue of $304.52 million during the quarter, compared to analysts' expectations of $289.09 million. During the same period in the prior year, the company earned $0.80 earnings per share. The company's quarterly revenue was down 3.9% on a year-over-year basis. Analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.11%. Worthington Enterprises's payout ratio is 57.63%.

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.