Legal & General Group Plc purchased a new stake in shares of Worthington Enterprises, Inc. (NYSE:WOR – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 73,588 shares of the industrial products company’s stock, valued at approximately $3,956,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of Worthington Enterprises by 872.0% during the 4th quarter. Allworth Financial LP now owns 486 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 436 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Worthington Enterprises in the 1st quarter worth $25,000. McMillan Office Inc. bought a new position in Worthington Enterprises in the 4th quarter worth $31,000. EverSource Wealth Advisors LLC raised its holdings in Worthington Enterprises by 693.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 541 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Worthington Enterprises by 81.3% during the fourth quarter. Farther Finance Advisors LLC now owns 678 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 304 shares in the last quarter. 51.59% of the stock is owned by hedge funds and other institutional investors.
Worthington Enterprises Stock Up 1.9%
Shares of WOR opened at $62.41 on Friday. The business has a fifty day moving average of $56.44 and a 200 day moving average of $55.29. Worthington Enterprises, Inc. has a 52-week low of $45.01 and a 52-week high of $66.47. The company has a quick ratio of 1.43, a current ratio of 2.37 and a debt-to-equity ratio of 0.30. The company has a market cap of $3.05 billion, a PE ratio of 19.88 and a beta of 1.30.
Worthington Enterprises Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a $0.20 dividend. This is an increase from Worthington Enterprises’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Worthington Enterprises’s payout ratio is currently 24.20%.
Analysts Set New Price Targets
WOR has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a report on Friday, July 17th. Wall Street Zen downgraded Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Canaccord Genuity Group cut their target price on Worthington Enterprises from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.50.
Read Our Latest Stock Report on Worthington Enterprises
Insider Buying and Selling at Worthington Enterprises
In other news, major shareholder John McConnell sold 17,625 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $53.04, for a total value of $934,830.00. Following the sale, the insider owned 1,335,648 shares in the company, valued at $70,842,769.92. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by insiders.
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.
Read More
- Five stocks we like better than Worthington Enterprises
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
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.
