Hsbc Holdings PLC Invests $207,000 in Worthington Enterprises, Inc. (NYSE:WOR)

Hsbc Holdings PLC acquired a new position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,135 shares of the industrial products company's stock, valued at approximately $207,000.

Several other large investors also recently made changes to their positions in the business. Quadrant Capital Group LLC boosted its position in 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 purchasing an additional 455 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Worthington Enterprises in the fourth quarter valued at about $40,000. KBC Group NV grew its stake in shares of Worthington Enterprises by 63.7% in the fourth quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock valued at $75,000 after buying an additional 724 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Worthington Enterprises by 23.4% during the 4th 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 during the period. Finally, Aigen Investment Management LP acquired a new position in Worthington Enterprises during the 4th quarter worth approximately $205,000. Institutional investors and hedge funds own 51.59% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WOR. Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group boosted their price objective on shares of Worthington Enterprises from $39.00 to $44.00 and gave the stock a "sell" rating in a report on Thursday, April 3rd. Finally, Canaccord Genuity Group upgraded Worthington Enterprises from a "hold" rating to a "buy" rating and raised their target price for the company from $54.00 to $67.00 in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $52.33.

Worthington Enterprises Stock Performance

NYSE:WOR traded down $0.50 during trading hours on Thursday, reaching $59.04. 30,994 shares of the stock were exchanged, compared to its average volume of 309,354. Worthington Enterprises, Inc. has a 52 week low of $37.88 and a 52 week high of $61.71. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $2.95 billion, a P/E ratio of 71.13 and a beta of 1.18. The firm has a 50 day simple moving average of $47.91 and a 200-day simple moving average of $43.44.

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

Worthington Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.15%. 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.