Price T Rowe Associates Inc. MD Has $933,000 Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Price T Rowe Associates Inc. MD boosted its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,257 shares of the industrial products company’s stock after acquiring an additional 1,324 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Worthington Enterprises were worth $933,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of WOR. Quadrant Capital Group LLC boosted its stake in Worthington Enterprises by 121.0% during the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 455 shares during the period. Anchor Investment Management LLC bought a new stake in shares of Worthington Enterprises in the fourth quarter valued at approximately $40,000. KBC Group NV grew its stake in shares of Worthington Enterprises by 63.7% in the fourth quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 724 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Worthington Enterprises by 23.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 585 shares during the period. Finally, Aigen Investment Management LP acquired a new position in Worthington Enterprises during the 4th quarter valued at $205,000. 51.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WOR has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a “sell” rating in a research report on Thursday, April 3rd. Canaccord Genuity Group upgraded Worthington Enterprises from a “hold” rating to a “buy” rating and raised their price objective for the stock from $54.00 to $67.00 in a research report 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 analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Worthington Enterprises presently has an average rating of “Hold” and an average price target of $52.33.

Worthington Enterprises Stock Down 0.0 %

Shares of WOR opened at $58.21 on Friday. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $47.08 and a two-hundred day moving average price of $43.13. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 70.13 and a beta of 1.18. Worthington Enterprises, Inc. has a 12 month low of $37.88 and a 12 month high of $60.55.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company had revenue of $304.52 million during the quarter, compared to analysts’ expectations of $289.09 million. During the same period last year, the business earned $0.80 earnings per share. The business’s revenue was down 3.9% on a year-over-year basis. Equities analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a 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.