Windsor Advisory Group LLC Acquires 78,197 Shares of Worthington Enterprises, Inc. $WOR

Windsor Advisory Group LLC raised its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 26.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 372,282 shares of the industrial products company’s stock after buying an additional 78,197 shares during the period. Worthington Enterprises makes up about 17.1% of Windsor Advisory Group LLC’s portfolio, making the stock its 2nd biggest holding. Windsor Advisory Group LLC’s holdings in Worthington Enterprises were worth $19,199,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in WOR. Allworth Financial LP raised its position in shares of Worthington Enterprises by 872.0% in the 4th quarter. Allworth Financial LP now owns 486 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 436 shares in the last quarter. McMillan Office Inc. acquired a new position in shares of Worthington Enterprises in the 4th quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its position in shares of 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 raised its position in shares of 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. Finally, Empowered Funds LLC acquired a new position in shares of Worthington Enterprises in the 4th quarter valued at approximately $51,000. 51.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $69.00 target price on shares of Worthington Enterprises in a research report on Thursday, March 26th. Wall Street Zen upgraded Worthington Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Enterprises in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $61.00.

Worthington Enterprises Price Performance

Shares of NYSE WOR opened at $59.82 on Wednesday. Worthington Enterprises, Inc. has a twelve month low of $45.01 and a twelve month high of $70.91. The company has a current ratio of 2.36, a quick ratio of 1.44 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 26.59 and a beta of 1.28. The business has a 50 day simple moving average of $55.61 and a 200-day simple moving average of $54.43.

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

Worthington Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, June 15th. Worthington Enterprises’s payout ratio is 33.78%.

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.