Hsbc Holdings PLC bought a new stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,135 shares of the industrial products company's stock, valued at approximately $207,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in Worthington Enterprises by 24.8% in the third quarter. Barclays PLC now owns 128,158 shares of the industrial products company's stock worth $5,312,000 after buying an additional 25,453 shares in the last quarter. Franklin Resources Inc. lifted its stake in Worthington Enterprises by 7.5% in the third quarter. Franklin Resources Inc. now owns 18,604 shares of the industrial products company's stock worth $751,000 after purchasing an additional 1,293 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Worthington Enterprises by 90.7% during the third quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company's stock valued at $5,725,000 after buying an additional 65,685 shares during the period. KBC Group NV grew its stake in shares of Worthington Enterprises by 63.7% during 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 during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Worthington Enterprises by 9.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company's stock worth $71,032,000 after buying an additional 156,762 shares during the period. Institutional investors own 51.59% of the company's stock.
Worthington Enterprises Price Performance
WOR opened at $58.21 on Friday. The stock's 50 day moving average price is $47.08 and its 200-day moving average price is $43.13. Worthington Enterprises, Inc. has a 52-week low of $37.88 and a 52-week high of $60.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. The stock has a market capitalization of $2.91 billion, a PE ratio of 70.13 and a beta of 1.18.
Worthington Enterprises (NYSE:WOR - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. The company 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%. Worthington Enterprises's revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, equities research analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.
Worthington Enterprises Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.17%. Worthington Enterprises's dividend payout ratio is presently 57.63%.
Wall Street Analyst Weigh In
WOR has been the topic of several recent research reports. Seaport Res Ptn upgraded Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. Canaccord Genuity Group raised shares of Worthington Enterprises from a "hold" rating to a "buy" rating and lifted their target price for the stock from $54.00 to $67.00 in a research note on Monday, May 5th. Finally, The Goldman Sachs Group increased their price target on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a "sell" rating in a research report on Thursday, April 3rd. 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. Based on data from MarketBeat, Worthington Enterprises presently has an average rating of "Hold" and a consensus target price of $52.33.
Check Out Our Latest Stock Analysis 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.
Further Reading
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