Vontobel Holding Ltd. increased its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,497 shares of the industrial products company's stock after buying an additional 10,854 shares during the period. Vontobel Holding Ltd. owned 0.24% of Worthington Enterprises worth $5,936,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Quadrant Capital Group LLC lifted its holdings in shares of Worthington Enterprises by 121.0% during the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after acquiring an additional 455 shares during the period. Anchor Investment Management LLC acquired a new stake in Worthington Enterprises in the 4th quarter valued at about $40,000. State of Wyoming acquired a new stake in Worthington Enterprises in the 4th quarter valued at about $51,000. Itau Unibanco Holding S.A. increased its position 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 acquiring an additional 501 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Worthington Enterprises by 77.2% during the 1st 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 institutional investors.
Worthington Enterprises Stock Down 0.6%
Shares of WOR stock traded down $0.40 during trading on Friday, reaching $65.35. The company's stock had a trading volume of 151,455 shares, compared to its average volume of 300,201. The business has a fifty day moving average price of $59.10 and a 200-day moving average price of $48.71. The company has a quick ratio of 2.62, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 34.21 and a beta of 1.19. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $70.91.
Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its 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 business had revenue of $317.88 million for the quarter, compared to the consensus estimate of $300.96 million. During the same period in the previous year, the company earned $0.74 earnings per share. The firm's revenue for the quarter was down .3% on a year-over-year basis. Analysts anticipate that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.
Worthington Enterprises Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.16%. This is a boost from Worthington Enterprises's previous quarterly dividend of $0.17. Worthington Enterprises's dividend payout ratio is 35.60%.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Worthington Enterprises from $44.00 to $50.00 and gave the stock a "sell" rating in a research report on Thursday, June 26th. Canaccord Genuity Group lifted their price target on shares of Worthington Enterprises from $69.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a sell rating, two have issued 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, the stock currently has an average rating of "Hold" and a consensus price target of $59.00.
Read Our Latest Stock Report on WOR
Worthington Enterprises Company Profile
(
Free Report)
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.
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