Lido Advisors LLC Acquires New Position in Worthington Enterprises, Inc. (NYSE:WOR)

Lido Advisors LLC acquired a new position in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 57,766 shares of the industrial products company's stock, valued at approximately $2,317,000. Lido Advisors LLC owned 0.12% of Worthington Enterprises as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp boosted its position in shares of Worthington Enterprises by 7.4% during the fourth quarter. Northern Trust Corp now owns 380,851 shares of the industrial products company's stock worth $15,276,000 after buying an additional 26,178 shares during the period. Lord Abbett & CO. LLC grew its stake in shares of Worthington Enterprises by 132.4% in the fourth quarter. Lord Abbett & CO. LLC now owns 205,330 shares of the industrial products company's stock worth $8,236,000 after purchasing an additional 116,964 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Worthington Enterprises by 50.1% during the fourth quarter. Voya Investment Management LLC now owns 15,652 shares of the industrial products company's stock valued at $628,000 after purchasing an additional 5,222 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Worthington Enterprises by 6.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,257 shares of the industrial products company's stock valued at $933,000 after purchasing an additional 1,324 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in shares of Worthington Enterprises during the fourth quarter valued at about $207,000. 51.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WOR has been the topic of several research analyst reports. Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group boosted their target price on 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 raised Worthington Enterprises from a "hold" rating to a "buy" rating and increased their price target for the company from $54.00 to $67.00 in a research note on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $52.33.

Worthington Enterprises Price Performance

WOR stock traded up $0.41 on Tuesday, hitting $55.60. 75,769 shares of the company's stock traded hands, compared to its average volume of 305,604. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 67.00 and a beta of 1.18. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $60.71. The stock has a fifty day moving average of $45.78 and a 200-day moving average of $42.67.

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 for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The business had revenue of $304.52 million during the quarter, compared to analyst estimates of $289.09 million. During the same quarter last year, the company posted $0.80 EPS. Worthington Enterprises's revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 yield of 1.22%. Worthington Enterprises's payout ratio is 57.63%.

Worthington Enterprises Profile

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.