Waller Financial Planning Group Inc. Buys Shares of 3,211 Worthington Enterprises, Inc. $WOR

by · The Markets Daily

Waller Financial Planning Group Inc. bought a new stake in Worthington Enterprises, Inc. (NYSE:WOR – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,211 shares of the industrial products company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its stake in Worthington Enterprises by 24.1% in the first quarter. American Century Companies Inc. now owns 821,947 shares of the industrial products company’s stock valued at $41,171,000 after purchasing an additional 159,798 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Worthington Enterprises by 1.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 540,040 shares of the industrial products company’s stock worth $27,051,000 after acquiring an additional 6,764 shares in the last quarter. Millennium Management LLC boosted its holdings in Worthington Enterprises by 54.9% in the first quarter. Millennium Management LLC now owns 352,486 shares of the industrial products company’s stock worth $17,656,000 after acquiring an additional 124,867 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in Worthington Enterprises in the first quarter worth about $11,769,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Worthington Enterprises by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 222,461 shares of the industrial products company’s stock worth $11,143,000 after acquiring an additional 7,575 shares in the last quarter. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WOR shares. Wall Street Zen raised Worthington Enterprises from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 24th. The Goldman Sachs Group raised their price target on Worthington Enterprises from $44.00 to $50.00 and gave the stock a “sell” rating in a report on Thursday, June 26th. Canaccord Genuity Group raised their price target on Worthington Enterprises from $69.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, June 26th. Finally, Zacks Research downgraded Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $59.00.

View Our Latest Report on WOR

Worthington Enterprises Trading Down 2.5%

Worthington Enterprises stock opened at $63.86 on Friday. The company has a quick ratio of 2.62, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. Worthington Enterprises, Inc. has a 52 week low of $37.88 and a 52 week high of $70.91. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 33.44 and a beta of 1.20. The stock has a 50-day moving average price of $64.01 and a 200 day moving average price of $56.40.

Worthington Enterprises (NYSE:WOR – Get Free Report) last released its earnings results on Tuesday, June 24th. The industrial products company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.22. Worthington Enterprises had a return on equity of 16.66% and a net margin of 8.33%.The firm had revenue of $317.88 million during the quarter, compared to the consensus estimate of $300.96 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue was down .3% compared to the same quarter last year. Sell-side analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, September 15th. This is a boost from Worthington Enterprises’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 1.2%. Worthington Enterprises’s dividend payout ratio is presently 35.60%.

About Worthington Enterprises

(Free Report)

Worthington Enterprises, Inc operates as an industrial manufacturing company. It operates through three segments: Building Products, Consumer Products, and Sustainable Energy Solutions. The Building Products segment sells refrigerant and LPG cylinders, well water and expansion tanks, fire suppression tanks, chemical tanks, and foam and adhesive tanks for gas producers, and distributors.

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