Northern Trust Corp Buys 26,178 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Northern Trust Corp boosted its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 380,851 shares of the industrial products company's stock after buying an additional 26,178 shares during the period. Northern Trust Corp owned approximately 0.76% of Worthington Enterprises worth $15,276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PDS Planning Inc boosted its position in shares of Worthington Enterprises by 3.1% during the 4th quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company's stock valued at $473,000 after acquiring an additional 356 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Worthington Enterprises by 121.0% during the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 455 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Worthington Enterprises by 23.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company's stock worth $124,000 after buying an additional 585 shares in the last quarter. LPL Financial LLC grew its stake in shares of Worthington Enterprises by 9.2% in the 4th quarter. LPL Financial LLC now owns 7,396 shares of the industrial products company's stock worth $297,000 after buying an additional 624 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Worthington Enterprises by 63.7% in the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock worth $75,000 after buying an additional 724 shares in the last quarter. 51.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Worthington Enterprises Stock Down 2.8%

Shares of NYSE WOR opened at $59.56 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50. The company has a market cap of $2.97 billion, a P/E ratio of 71.76 and a beta of 1.18. Worthington Enterprises, Inc. has a 1 year low of $37.88 and a 1 year high of $61.71. The firm has a 50-day simple moving average of $47.91 and a two-hundred day simple moving average of $43.44.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued 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. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The firm had revenue of $304.52 million during the quarter, compared to analyst estimates of $289.09 million. During the same period last year, the company earned $0.80 EPS. Worthington Enterprises's quarterly revenue was down 3.9% compared to the same quarter last year. Research analysts anticipate that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders 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 1.14%. Worthington Enterprises's dividend payout ratio (DPR) 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.

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