Raymond James Financial Inc. Buys New Shares in Worthington Enterprises, Inc. (NYSE:WOR)

Raymond James Financial Inc. purchased a new position in Worthington Enterprises, Inc. (NYSE:WOR) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 9,825 shares of the industrial products company’s stock, valued at approximately $394,000.

Several other institutional investors also recently modified their holdings of the stock. Barclays PLC grew its holdings in shares of Worthington Enterprises by 24.8% in the 3rd quarter. Barclays PLC now owns 128,158 shares of the industrial products company’s stock worth $5,312,000 after acquiring an additional 25,453 shares during the last quarter. Franklin Resources Inc. increased its stake in Worthington Enterprises by 7.5% in the 3rd quarter. Franklin Resources Inc. now owns 18,604 shares of the industrial products company’s stock worth $751,000 after purchasing an additional 1,293 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Worthington Enterprises by 90.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company’s stock worth $5,725,000 after buying an additional 65,685 shares during the period. KBC Group NV lifted its stake in Worthington Enterprises by 63.7% during the fourth quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock valued at $75,000 after buying an additional 724 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Worthington Enterprises by 9.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company’s stock worth $71,032,000 after buying an additional 156,762 shares during the period. Institutional investors own 51.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Seaport Res Ptn upgraded shares of Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th. Canaccord Genuity Group upgraded Worthington Enterprises from a “hold” rating to a “buy” rating and increased their target price for the company from $54.00 to $67.00 in a report on Monday, May 5th. Finally, The Goldman Sachs Group upped their price target on Worthington Enterprises from $39.00 to $44.00 and gave the company a “sell” rating in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.33.

Worthington Enterprises Stock Down 0.0 %

Worthington Enterprises stock opened at $58.21 on Friday. The firm’s 50 day moving average price is $47.08 and its two-hundred day moving average price is $43.10. 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 announced its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (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 during the quarter, compared to analyst estimates of $289.09 million. During the same period last year, the company earned $0.80 earnings per share. Worthington Enterprises’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, research analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The company also recently declared 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 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.