Teacher Retirement System of Texas Has $3.57 Million Position in Worthington Enterprises, Inc. $WOR

Teacher Retirement System of Texas lifted its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 1,203.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,253 shares of the industrial products company’s stock after buying an additional 59,323 shares during the period. Teacher Retirement System of Texas owned about 0.13% of Worthington Enterprises worth $3,565,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in Worthington Enterprises by 693.6% during the second 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 during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Worthington Enterprises during the 2nd quarter worth approximately $46,000. CWM LLC raised its stake in shares of Worthington Enterprises by 33.5% during the 2nd quarter. CWM LLC now owns 813 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 204 shares in the last quarter. Amplify Investments LLC boosted its holdings in shares of Worthington Enterprises by 27.7% in the 3rd quarter. Amplify Investments LLC now owns 1,484 shares of the industrial products company’s stock valued at $82,000 after buying an additional 322 shares during the last quarter. Finally, Caldwell Trust Co bought a new position in shares of Worthington Enterprises in the second quarter valued at $112,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Trading Up 1.0%

Shares of WOR stock opened at $53.83 on Thursday. The stock has a 50 day simple moving average of $53.95 and a 200 day simple moving average of $57.94. Worthington Enterprises, Inc. has a 1 year low of $39.05 and a 1 year high of $70.91. The company has a current ratio of 3.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.32. The stock has a market cap of $2.67 billion, a P/E ratio of 25.39 and a beta of 1.34.

Worthington Enterprises (NYSE:WOR) last released its earnings results on Tuesday, December 16th. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.06). Worthington Enterprises had a net margin of 8.46% and a return on equity of 17.70%. The company had revenue of $327.45 million for the quarter, compared to the consensus estimate of $310.60 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. On average, research analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, March 13th. Worthington Enterprises’s dividend payout ratio (DPR) is currently 35.85%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Canaccord Genuity Group cut their price target on shares of Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Worthington Enterprises in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised Worthington Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.00.

Worthington Enterprises 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.