Hillsdale Investment Management Inc. Purchases 12,800 Shares of Worthington Enterprises, Inc. $WOR

Hillsdale Investment Management Inc. boosted its position in Worthington Enterprises, Inc. (NYSE:WOR) by 11.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 121,520 shares of the industrial products company’s stock after acquiring an additional 12,800 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Worthington Enterprises were worth $6,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its position in Worthington Enterprises by 872.0% during the 4th quarter. Allworth Financial LP now owns 486 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 436 shares during the last quarter. McMillan Office Inc. acquired a new stake in shares of Worthington Enterprises in the fourth quarter valued at about $31,000. Farther Finance Advisors LLC grew its position in shares of Worthington Enterprises by 81.3% in the fourth 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 during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Worthington Enterprises by 693.6% in the second quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 541 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Worthington Enterprises by 823.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 757 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 675 shares during the period. Institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Price Performance

Shares of Worthington Enterprises stock opened at $54.69 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.37 and a quick ratio of 1.43. The company has a market cap of $2.69 billion, a PE ratio of 17.42 and a beta of 1.29. The firm has a fifty day moving average price of $56.18 and a two-hundred day moving average price of $54.55. Worthington Enterprises, Inc. has a fifty-two week low of $45.01 and a fifty-two week high of $67.80.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings data on Tuesday, June 23rd. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.07). The company had revenue of $371.46 million for the quarter, compared to the consensus estimate of $386.49 million. Worthington Enterprises had a return on equity of 16.79% and a net margin of 11.30%.The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.06 EPS. Analysts expect that Worthington Enterprises, Inc. will post 3.85 EPS for the current year.

Worthington Enterprises Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.20 per share. This is a positive change from Worthington Enterprises’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 15th. Worthington Enterprises’s dividend payout ratio is presently 24.20%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wall Street Zen cut Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a report on Monday, April 20th. Finally, Canaccord Genuity Group dropped their price target on Worthington Enterprises from $69.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Worthington Enterprises presently has an average rating of “Moderate Buy” and a consensus target price of $65.50.

About Worthington Enterprises

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.