456,925 Shares in Worthington Enterprises, Inc. $WOR Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH bought a new position in Worthington Enterprises, Inc. (NYSE:WOR) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 456,925 shares of the industrial products company’s stock, valued at approximately $23,824,000. Fort Washington Investment Advisors Inc. OH owned 0.93% of Worthington Enterprises at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WOR. Allworth Financial LP increased its position in shares of Worthington Enterprises by 872.0% during the 4th quarter. Allworth Financial LP now owns 486 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 436 shares during the period. McMillan Office Inc. acquired a new stake in shares of Worthington Enterprises in the fourth quarter valued at $31,000. Farther Finance Advisors LLC boosted its stake in Worthington Enterprises by 81.3% during the fourth quarter. Farther Finance Advisors LLC now owns 678 shares of the industrial products company’s stock valued at $35,000 after buying an additional 304 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Worthington Enterprises by 823.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 757 shares of the industrial products company’s stock valued at $39,000 after buying an additional 675 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Worthington Enterprises by 693.6% during the second quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 541 shares during the period. 51.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Worthington Enterprises Stock Down 0.2%

Shares of NYSE:WOR opened at $56.23 on Monday. The firm has a 50 day simple moving average of $56.35 and a 200 day simple moving average of $54.65. Worthington Enterprises, Inc. has a 52 week low of $45.01 and a 52 week high of $67.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.43 and a current ratio of 2.37. The company has a market cap of $2.77 billion, a PE ratio of 17.91 and a beta of 1.28.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings data on Tuesday, June 23rd. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.07). Worthington Enterprises had a return on equity of 16.79% and a net margin of 11.30%.The firm had revenue of $371.46 million for the quarter, compared to analysts’ expectations of $386.49 million. During the same quarter in the previous year, the firm posted $1.06 earnings per share. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. As a group, research analysts expect that Worthington Enterprises, Inc. will post 3.92 earnings per share for the current year.

Worthington Enterprises Increases Dividend

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

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.