11,913 Shares in Worthington Enterprises, Inc. (NYSE:WOR) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Worthington Enterprises, Inc. (NYSE:WOR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,913 shares of the industrial products company’s stock, valued at approximately $478,000.

Several other large investors have also recently added to or reduced their stakes in WOR. KBC Group NV increased its position in Worthington Enterprises by 45.1% in the 3rd quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 353 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Worthington Enterprises during the 3rd quarter valued at $85,000. Point72 DIFC Ltd acquired a new position in shares of Worthington Enterprises during the 3rd quarter valued at $110,000. Point72 Hong Kong Ltd acquired a new position in shares of Worthington Enterprises during the 3rd quarter valued at $124,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Worthington Enterprises during the 3rd quarter valued at $199,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WOR. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th. Canaccord Genuity Group lifted their price target on Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.00.

Worthington Enterprises Stock Performance

WOR opened at $41.14 on Tuesday. The firm has a market cap of $2.06 billion, a PE ratio of 49.56 and a beta of 1.21. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $41.62 and a 200-day simple moving average of $41.62. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $69.96.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $274.05 million during the quarter, compared to analyst estimates of $273.77 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company’s revenue was down 8.1% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. As a group, equities analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, March 14th. Worthington Enterprises’s dividend payout ratio is presently 81.93%.

About Worthington Enterprises

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.