Worthington Enterprises, Inc. $WOR Shares Bought by Windsor Advisory Group LLC

Windsor Advisory Group LLC increased its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 23.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 459,633 shares of the industrial products company’s stock after buying an additional 87,351 shares during the period. Worthington Enterprises comprises 20.0% of Windsor Advisory Group LLC’s investment portfolio, making the stock its largest holding. Windsor Advisory Group LLC’s holdings in Worthington Enterprises were worth $23,965,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sei Investments Co. lifted its stake in Worthington Enterprises by 6.1% in the first quarter. Sei Investments Co. now owns 4,601 shares of the industrial products company’s stock worth $240,000 after acquiring an additional 264 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Worthington Enterprises by 15.6% during the first quarter. First Trust Advisors LP now owns 29,657 shares of the industrial products company’s stock worth $1,546,000 after purchasing an additional 3,999 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Worthington Enterprises during the 1st quarter worth approximately $25,000. Parallel Advisors LLC grew its position in shares of Worthington Enterprises by 57.3% during the first quarter. Parallel Advisors LLC now owns 722 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 263 shares during the last quarter. Finally, Frazier Financial Advisors LLC increased its stake in Worthington Enterprises by 7.1% in the first quarter. Frazier Financial Advisors LLC now owns 16,439 shares of the industrial products company’s stock valued at $857,000 after purchasing an additional 1,088 shares during the period. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Trading Up 1.5%

Shares of WOR opened at $56.00 on Friday. The company has a market capitalization of $2.76 billion, a PE ratio of 17.83 and a beta of 1.29. The stock has a fifty day moving average of $56.28 and a two-hundred day moving average of $54.72. Worthington Enterprises, Inc. has a fifty-two week low of $45.01 and a fifty-two 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.

Worthington Enterprises (NYSE:WOR) last released its earnings results 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). The business had revenue of $371.46 million for the quarter, compared to analysts’ expectations of $386.49 million. Worthington Enterprises had a return on equity of 16.79% and a net margin of 11.30%.The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 earnings per share. As a group, analysts forecast that Worthington Enterprises, Inc. will post 3.85 EPS for the current year.

Worthington Enterprises Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on WOR. Canaccord Genuity Group dropped their target price on Worthington Enterprises from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Wall Street Zen lowered shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Worthington Enterprises in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.