Russell Investments Group Ltd. Acquires 6,790 Shares of Worthington Enterprises, Inc. $WOR

Key Points

• Russell Investments Group Ltd. has increased its holdings in Worthington Enterprises by 23.5%, owning approximately 0.07% of the company at a value of $1,789,000.
• Worthington Enterprises announced a quarterly dividend increase to $0.19 per share, with the annualized dividend now at $0.76 and a dividend yield of 1.1%.
• Analysts have shown mixed opinions on Worthington Enterprises, with one research firm upgrading the stock to a "strong-buy" rating while another set a sell rating, resulting in an average rating of "Moderate Buy".

Russell Investments Group Ltd. grew its position in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 23.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,720 shares of the industrial products company's stock after buying an additional 6,790 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Worthington Enterprises worth $1,789,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State of Wyoming acquired a new stake in shares of Worthington Enterprises during the fourth quarter worth about $51,000. GAMMA Investing LLC increased its stake in 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 purchasing an additional 716 shares in the last quarter. Itau Unibanco Holding S.A. raised its holdings in Worthington Enterprises by 41.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock worth $68,000 after buying an additional 501 shares during the period. US Bancorp DE lifted its stake in Worthington Enterprises by 966.2% in the first quarter. US Bancorp DE now owns 2,207 shares of the industrial products company's stock valued at $111,000 after buying an additional 2,000 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Worthington Enterprises by 23.4% in the fourth 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 in the last quarter. Institutional investors own 51.59% of the company's stock.

Analyst Ratings Changes

WOR has been the subject of several research reports. Wall Street Zen raised shares of Worthington Enterprises from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 24th. Zacks Research lowered shares of Worthington Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 25th. The Goldman Sachs Group lifted their price target on Worthington Enterprises from $44.00 to $50.00 and gave the company a "sell" rating in a research note on Thursday, June 26th. Finally, Canaccord Genuity Group boosted their price target on Worthington Enterprises from $69.00 to $81.00 and gave the company a "buy" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Worthington Enterprises currently has an average rating of "Hold" and an average price target of $59.00.

Worthington Enterprises Stock Down 1.1%

Worthington Enterprises stock traded down $0.75 during mid-day trading on Monday, reaching $65.81. The company's stock had a trading volume of 143,548 shares, compared to its average volume of 190,290. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.48. Worthington Enterprises, Inc. has a 12 month low of $37.88 and a 12 month high of $70.91. The business's 50 day simple moving average is $63.84 and its 200 day simple moving average is $55.23. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 34.45 and a beta of 1.20.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The industrial products company reported $1.06 EPS 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 company had revenue of $317.88 million during the quarter, compared to the consensus estimate of $300.96 million. During the same period in the prior year, the business posted $0.74 EPS. The company's quarterly revenue was down .3% on a year-over-year basis. As a group, research analysts anticipate that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a $0.19 dividend. This is a boost from Worthington Enterprises's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, September 15th. Worthington Enterprises's dividend payout ratio (DPR) is 35.60%.

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.