Worthington Enterprises, Inc. $WOR Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 17.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,720 shares of the industrial products company’s stock after purchasing an additional 15,800 shares during the period. Hillsdale Investment Management Inc. owned 0.22% of Worthington Enterprises worth $6,033,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of Worthington Enterprises by 3.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,930 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 173 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Worthington Enterprises by 61.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock worth $29,000 after buying an additional 199 shares in the last quarter. CWM LLC increased its stake in 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 buying an additional 204 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Worthington Enterprises by 0.8% during the second quarter. Nisa Investment Advisors LLC now owns 33,460 shares of the industrial products company’s stock valued at $2,129,000 after acquiring an additional 255 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Worthington Enterprises by 2.0% in the third quarter. Fifth Third Bancorp now owns 13,557 shares of the industrial products company’s stock valued at $752,000 after acquiring an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Stock Up 1.0%

Shares of NYSE:WOR opened at $57.13 on Friday. Worthington Enterprises, Inc. has a 52-week low of $39.05 and a 52-week high of $70.91. The stock has a market cap of $2.83 billion, a P/E ratio of 26.95 and a beta of 1.35. The business has a fifty day moving average of $54.68 and a two-hundred day moving average of $57.37. The company has a quick ratio of 2.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.32.

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

Worthington Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, March 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.3%. Worthington Enterprises’s dividend payout ratio (DPR) is currently 35.85%.

Wall Street Analyst Weigh In

Several brokerages recently commented on WOR. Wall Street Zen upgraded Worthington Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Canaccord Genuity Group decreased their price objective on Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Worthington Enterprises currently has a consensus rating of “Hold” and a consensus target price of $61.00.

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.