Worthington Enterprises, Inc. (NYSE:WOR) Shares Acquired by Northern Trust Corp

Northern Trust Corp boosted its stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 380,851 shares of the industrial products company's stock after acquiring an additional 26,178 shares during the period. Northern Trust Corp owned 0.76% of Worthington Enterprises worth $15,276,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in Worthington Enterprises by 9.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company's stock worth $71,032,000 after purchasing an additional 156,762 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Worthington Enterprises by 187.9% during the 4th quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company's stock valued at $8,114,000 after purchasing an additional 132,040 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Worthington Enterprises by 132.4% during the 4th 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 during the period. Marshall Wace LLP boosted its holdings in shares of Worthington Enterprises by 151.9% in the 4th quarter. Marshall Wace LLP now owns 181,650 shares of the industrial products company's stock worth $7,286,000 after buying an additional 109,525 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Worthington Enterprises by 11.5% during the fourth quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company's stock worth $26,559,000 after buying an additional 68,363 shares during the last quarter. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WOR has been the subject of several research reports. Seaport Res Ptn raised Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th. Canaccord Genuity Group upgraded Worthington Enterprises from a "hold" rating to a "buy" rating and boosted 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 lifted their target price on shares of Worthington Enterprises from $39.00 to $44.00 and gave the stock 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 assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Worthington Enterprises has a consensus rating of "Hold" and a consensus price target of $52.33.

Worthington Enterprises Trading Up 0.3%

Shares of WOR stock traded up $0.20 during trading hours on Tuesday, hitting $60.04. The company had a trading volume of 8,024 shares, compared to its average volume of 309,783. The company's fifty day moving average is $49.37 and its 200 day moving average is $44.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $61.71. The stock has a market capitalization of $3.00 billion, a PE ratio of 72.20 and a beta of 1.18.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The firm had revenue of $304.52 million for 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 company's revenue was down 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.80 EPS. Research analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.13%. Worthington Enterprises's payout ratio is currently 57.63%.

Worthington Enterprises Company 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.