Cresset Asset Management LLC Has $1.42 Million Stake in Worthington Enterprises, Inc. (NYSE:WOR)

Cresset Asset Management LLC raised its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,325 shares of the industrial products company’s stock after purchasing an additional 4,279 shares during the quarter. Cresset Asset Management LLC owned approximately 0.07% of Worthington Enterprises worth $1,417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WOR. Pacer Advisors Inc. grew its holdings in Worthington Enterprises by 9.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company’s stock worth $71,032,000 after acquiring an additional 156,762 shares during the last quarter. American Century Companies Inc. raised its position in shares of 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 acquiring an additional 68,363 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Worthington Enterprises by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 533,276 shares of the industrial products company’s stock valued at $21,390,000 after acquiring an additional 39,996 shares during the period. Bank of New York Mellon Corp boosted its holdings in Worthington Enterprises by 3.6% in the fourth quarter. Bank of New York Mellon Corp now owns 414,546 shares of the industrial products company’s stock valued at $16,627,000 after acquiring an additional 14,328 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Worthington Enterprises by 7.4% during the 4th quarter. Northern Trust Corp now owns 380,851 shares of the industrial products company’s stock valued at $15,276,000 after purchasing an additional 26,178 shares during the period. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Trading Down 0.0 %

WOR opened at $58.21 on Friday. The firm’s fifty day moving average is $47.08 and its two-hundred day moving average is $43.13. The firm has a market cap of $2.91 billion, a PE ratio of 70.13 and a beta of 1.18. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month 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.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $289.09 million. During the same quarter last year, the business posted $0.80 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. Equities research analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued 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 (DPR) is presently 57.63%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WOR. The Goldman Sachs Group boosted their price target 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. 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, May 5th. Finally, Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Worthington Enterprises currently has an average rating of “Hold” and a consensus price target of $52.33.

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.