Maryland State Retirement & Pension System Sells 1,451 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Maryland State Retirement & Pension System cut its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 13.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,044 shares of the industrial products company’s stock after selling 1,451 shares during the period. Maryland State Retirement & Pension System’s holdings in Worthington Enterprises were worth $453,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. State of Wyoming acquired a new position in Worthington Enterprises during the 4th quarter worth $51,000. GAMMA Investing LLC lifted its holdings in Worthington Enterprises by 77.2% during the 1st quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company’s stock worth $82,000 after buying an additional 716 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in Worthington Enterprises by 41.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company’s stock worth $68,000 after buying an additional 501 shares in the last quarter. US Bancorp DE lifted its holdings in Worthington Enterprises by 966.2% during the 1st quarter. US Bancorp DE now owns 2,207 shares of the industrial products company’s stock worth $111,000 after buying an additional 2,000 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Worthington Enterprises by 23.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company’s stock worth $124,000 after buying an additional 585 shares in the last quarter. 51.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group increased their price target on Worthington Enterprises from $44.00 to $50.00 and gave the company a “sell” rating in a research note on Thursday, June 26th. Finally, Canaccord Genuity Group raised their price objective on Worthington Enterprises from $69.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Worthington Enterprises Price Performance

WOR stock opened at $64.93 on Friday. The stock has a 50-day moving average price of $62.47 and a two-hundred day moving average price of $53.26. The stock has a market cap of $3.23 billion, a PE ratio of 33.99 and a beta of 1.21. The company has a current ratio of 3.48, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. Worthington Enterprises, Inc. has a 1 year low of $37.88 and a 1 year high of $70.91.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings data on Tuesday, June 24th. The industrial products company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.22. The company had revenue of $317.88 million during the quarter, compared to analysts’ expectations of $300.96 million. Worthington Enterprises had a return on equity of 16.66% and a net margin of 8.33%. Worthington Enterprises’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. Equities analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be issued a $0.19 dividend. This is a boost from Worthington Enterprises’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.2%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 35.60%.

About Worthington Enterprises

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.