VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 12,200 Worthington Enterprises, Inc. $WOR

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Worthington Enterprises, Inc. (NYSE:WOR) during the fourth quarter, HoldingsChannel.com reports. The fund bought 12,200 shares of the industrial products company’s stock, valued at approximately $629,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings in Worthington Enterprises by 61.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 199 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Worthington Enterprises by 81.3% in the 4th 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. EverSource Wealth Advisors LLC lifted 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 valued at $39,000 after purchasing an additional 541 shares in the last quarter. Torren Management LLC purchased a new position in Worthington Enterprises in the 4th quarter valued at about $77,000. Finally, Amplify Investments LLC lifted its holdings in Worthington Enterprises by 21.4% in the 4th quarter. Amplify Investments LLC now owns 1,802 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 318 shares in the last quarter. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Worthington Enterprises Trading Up 0.2%

Shares of WOR stock opened at $53.48 on Monday. The firm has a market cap of $2.63 billion, a P/E ratio of 23.77 and a beta of 1.28. Worthington Enterprises, Inc. has a 1-year low of $45.01 and a 1-year high of $70.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.36 and a quick ratio of 1.44. The firm’s 50-day simple moving average is $52.55 and its 200-day simple moving average is $54.10.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings data on Tuesday, March 24th. The industrial products company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.03. The business had revenue of $378.68 million for the quarter, compared to analyst estimates of $349.41 million. Worthington Enterprises had a net margin of 8.42% and a return on equity of 17.74%. The company’s revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. As a group, equities analysts forecast that Worthington Enterprises, Inc. will post 3.41 EPS for the current year.

Worthington Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a $0.19 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.76 annualized dividend and a yield of 1.4%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 33.78%.

Analyst Ratings Changes

WOR has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Worthington Enterprises in a report on Monday, April 20th. Wall Street Zen lowered shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $69.00 price objective on shares of Worthington Enterprises in a report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.00.

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.