De Lisle Partners LLP Invests $4.75 Million in Worthington Enterprises, Inc. $WOR

De Lisle Partners LLP bought a new position in Worthington Enterprises, Inc. (NYSE:WOR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 88,339 shares of the industrial products company’s stock, valued at approximately $4,748,000.

Several other institutional investors have also added to or reduced their stakes in WOR. ProShare Advisors LLC increased its stake in Worthington Enterprises by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 6,114 shares of the industrial products company’s stock worth $315,000 after acquiring an additional 189 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Worthington Enterprises by 57.3% during the 1st quarter. Parallel Advisors LLC now owns 722 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 263 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Worthington Enterprises by 6.1% in the first quarter. Sei Investments Co. now owns 4,601 shares of the industrial products company’s stock valued at $240,000 after purchasing an additional 264 shares in the last quarter. Farther Finance Advisors LLC increased its position in Worthington Enterprises by 81.3% in the fourth quarter. Farther Finance Advisors LLC now owns 678 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 304 shares during the last quarter. Finally, Amplify Investments LLC increased its position in Worthington Enterprises by 21.4% in the fourth quarter. Amplify Investments LLC now owns 1,802 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 318 shares during the last quarter. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Insider Transactions at Worthington Enterprises

In other Worthington Enterprises news, major shareholder John P/Oh Mcconnell sold 17,625 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $53.04, for a total value of $934,830.00. Following the completion of the sale, the insider owned 1,335,648 shares of the company’s stock, valued at $70,842,769.92. This trade represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is currently owned by insiders.

Worthington Enterprises Trading Up 0.8%

WOR stock opened at $56.86 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.37 and a debt-to-equity ratio of 0.30. Worthington Enterprises, Inc. has a twelve month low of $45.01 and a twelve month high of $67.80. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 18.11 and a beta of 1.28. The firm’s fifty day simple moving average is $56.56 and its two-hundred day simple moving average is $55.25.

Worthington Enterprises (NYSE:WOR) last released its earnings results 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 firm had revenue of $371.46 million during 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%.Worthington Enterprises’s revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 EPS. As a group, analysts anticipate that Worthington Enterprises, Inc. will post 3.85 earnings per share for the current year.

Worthington Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a $0.20 dividend. This is an increase from Worthington Enterprises’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.4%. Worthington Enterprises’s dividend payout ratio is currently 24.20%.

Wall Street Analyst Weigh In

WOR has been the subject of several research reports. Wall Street Zen lowered shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Canaccord Genuity Group lowered their price target on shares of Worthington Enterprises from $69.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a research note on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.50.

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.