Bailard Inc. Takes $707,000 Position in Worthington Enterprises, Inc. $WOR

Bailard Inc. bought a new stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,700 shares of the industrial products company’s stock, valued at approximately $707,000.

Several other large investors have also recently made changes to their positions in WOR. Nordea Investment Management AB purchased a new position in Worthington Enterprises during the 4th quarter valued at about $2,914,000. Essex Investment Management Co. LLC bought a new stake in shares of Worthington Enterprises during the 3rd quarter valued at about $3,059,000. Fisher Asset Management LLC boosted its position in shares of Worthington Enterprises by 19.4% during the 3rd quarter. Fisher Asset Management LLC now owns 343,591 shares of the industrial products company’s stock valued at $19,066,000 after acquiring an additional 55,917 shares during the last quarter. M&T Bank Corp boosted its position in shares of Worthington Enterprises by 233.4% during the 4th quarter. M&T Bank Corp now owns 32,561 shares of the industrial products company’s stock valued at $1,679,000 after acquiring an additional 22,795 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of Worthington Enterprises by 15.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 122,450 shares of the industrial products company’s stock valued at $6,795,000 after acquiring an additional 16,832 shares during the last quarter. 51.59% of the stock is owned by hedge funds and other institutional investors.

Worthington Enterprises Price Performance

Shares of Worthington Enterprises stock opened at $55.61 on Friday. 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 business’s 50 day simple moving average is $52.55 and its two-hundred day simple moving average is $54.12. The stock has a market capitalization of $2.74 billion, a P/E ratio of 24.72 and a beta of 1.28. Worthington Enterprises, Inc. has a one year low of $45.01 and a one year high of $70.91.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings results on Tuesday, March 24th. The industrial products company reported $0.98 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $349.41 million. During the same period in the previous year, the firm earned $0.91 EPS. The business’s quarterly revenue was up 24.4% on a year-over-year basis. Analysts forecast that Worthington Enterprises, Inc. will post 3.41 EPS for the current year.

Worthington Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid 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 Monday, June 15th. Worthington Enterprises’s dividend payout ratio is presently 33.78%.

Analyst Ratings Changes

A number of analysts have recently issued reports on WOR shares. Canaccord Genuity Group reiterated a “buy” rating and set a $69.00 price target on shares of Worthington Enterprises in a research report on Thursday, March 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Enterprises in a research report on Monday, April 20th. Finally, Wall Street Zen downgraded Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. 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 company. According to data from MarketBeat, the company currently 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.