Vontobel Holding Ltd. Boosts Stake in Worthington Enterprises, Inc. (NYSE:WOR)

Vontobel Holding Ltd. boosted its holdings in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 10.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 118,497 shares of the industrial products company's stock after purchasing an additional 10,854 shares during the quarter. Vontobel Holding Ltd. owned about 0.24% of Worthington Enterprises worth $5,936,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Balyasny Asset Management L.P. raised its holdings in shares of Worthington Enterprises by 236.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 222,281 shares of the industrial products company's stock worth $8,916,000 after acquiring an additional 156,173 shares during the last quarter. Fisher Asset Management LLC grew its holdings 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 valued at $8,114,000 after purchasing an additional 132,040 shares during the period. Lord Abbett & CO. LLC grew its stake in shares of Worthington Enterprises by 132.4% during the 4th quarter. Lord Abbett & CO. LLC now owns 205,330 shares of the industrial products company's stock worth $8,236,000 after acquiring an additional 116,964 shares during the period. Marshall Wace LLP boosted 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 purchasing an additional 109,525 shares during the period. Finally, Bastion Asset Management Inc. purchased a new position in Worthington Enterprises in the 4th quarter valued at approximately $3,455,000. Institutional investors and hedge funds own 51.59% of the company's stock.

Worthington Enterprises Price Performance

Shares of WOR traded down $0.40 during mid-day trading on Thursday, reaching $65.35. 151,455 shares of the stock traded hands, compared to its average volume of 299,767. 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 1 year low of $37.88 and a 1 year high of $70.91. The firm has a fifty day moving average price of $58.47 and a 200 day moving average price of $48.30. The company has a current ratio of 3.48, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.22. The company had revenue of $317.88 million during the quarter, compared to analyst estimates of $300.96 million. Worthington Enterprises had a return on equity of 16.66% and a net margin of 8.33%. The firm's quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share. As a group, equities research analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.16%. This is an increase from Worthington Enterprises's previous quarterly dividend of $0.17. Worthington Enterprises's dividend payout ratio (DPR) is 57.63%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Canaccord Genuity Group increased 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 target on Worthington Enterprises from $44.00 to $50.00 and gave the company a "sell" 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 given 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.

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.