NFJ Investment Group LLC increased its position in Worthington Enterprises, Inc. (NYSE:WOR – Free Report) by 264.8% during the 4th quarter, Holdings Channel reports. The firm owned 95,713 shares of the industrial products company’s stock after acquiring an additional 69,474 shares during the quarter. NFJ Investment Group LLC’s holdings in Worthington Enterprises were worth $4,936,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC lifted its holdings in Worthington Enterprises by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 6,114 shares of the industrial products company’s stock worth $315,000 after buying an additional 189 shares during the period. Hantz Financial Services Inc. boosted its position in Worthington Enterprises by 61.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 199 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Worthington Enterprises by 1.3% during the 4th quarter. State of Alaska Department of Revenue now owns 19,385 shares of the industrial products company’s stock valued at $999,000 after acquiring an additional 240 shares in the last quarter. Fifth Third Bancorp boosted its position in Worthington Enterprises by 2.0% during the 3rd quarter. Fifth Third Bancorp now owns 13,557 shares of the industrial products company’s stock valued at $752,000 after acquiring an additional 267 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in Worthington Enterprises by 1.7% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 16,463 shares of the industrial products company’s stock valued at $914,000 after acquiring an additional 279 shares in the last quarter. Institutional investors own 51.59% of the company’s stock.
Worthington Enterprises Stock Up 1.8%
Shares of NYSE WOR opened at $59.81 on Friday. Worthington Enterprises, Inc. has a 12-month low of $45.01 and a 12-month high of $70.91. The stock’s fifty day simple moving average is $55.30 and its two-hundred day simple moving average is $54.37. The company has a current ratio of 2.36, a quick ratio of 1.44 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $2.95 billion, a PE ratio of 26.58 and a beta of 1.28.
Worthington Enterprises Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, June 15th. Worthington Enterprises’s dividend payout ratio is currently 33.78%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a research report on Monday, April 20th. Wall Street Zen raised Worthington Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $69.00 target price on shares of Worthington Enterprises in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Worthington Enterprises has a consensus rating of “Hold” and a consensus target price of $61.00.
Read Our Latest Research Report on Worthington Enterprises
Worthington Enterprises Company Profile
Worthington Enterprises (NYSE:WOR) is a diversified metal manufacturing company that produces pressure vessels, engineered assemblies and fabricated metal products. The company’s portfolio includes the design and manufacture of cylinders for compressed gases, such as propane, natural gas and hydrogen, as well as transport tanks and other pressure-containment solutions for the industrial gas, energy and transportation markets. In addition to its pressure vessel operations, Worthington Enterprises offers metal processing and distribution services, supplying coil, sheet and plate products to customers across multiple industries.
Founded in 1955 and headquartered in Columbus, Ohio, Worthington Enterprises has grown from a single steel processing facility into a multi‐division organization with operations in the United States, Canada and Mexico.
Featured Articles
- Five stocks we like better than Worthington Enterprises
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Want to see what other hedge funds are holding WOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Worthington Enterprises, Inc. (NYSE:WOR – Free Report).
Receive News & Ratings for Worthington Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worthington Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.
