Verity Asset Management Inc. Has $639,000 Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

Verity Asset Management Inc. trimmed its position in Worthington Enterprises, Inc. (NYSE:WOR) by 1.5% during the fourth quarter, Holdings Channel reports. The firm owned 15,929 shares of the industrial products company’s stock after selling 249 shares during the quarter. Verity Asset Management Inc.’s holdings in Worthington Enterprises were worth $639,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. KBC Group NV grew its stake 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 buying an additional 353 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Worthington Enterprises during the third quarter worth approximately $83,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Worthington Enterprises in the third quarter valued at approximately $85,000. Point72 DIFC Ltd bought a new position in shares of Worthington Enterprises during the third quarter worth approximately $110,000. Finally, Eastern Bank acquired a new stake in Worthington Enterprises during the 3rd quarter worth approximately $121,000. 51.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WOR has been the topic of a number of research reports. Seaport Res Ptn raised Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. Canaccord Genuity Group upped their price target on shares of Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Worthington Enterprises has a consensus rating of “Hold” and an average price target of $46.00.

Worthington Enterprises Trading Down 1.4 %

Shares of NYSE:WOR opened at $41.32 on Tuesday. The business’s 50 day simple moving average is $40.86 and its 200 day simple moving average is $42.43. Worthington Enterprises, Inc. has a 1 year low of $37.88 and a 1 year high of $69.96. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50. The company has a market capitalization of $2.07 billion, a P/E ratio of 49.78 and a beta of 1.24.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings results on Tuesday, December 17th. The industrial products company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $274.05 million during the quarter, compared to the consensus estimate of $273.77 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. Worthington Enterprises’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. On average, research analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.65%. Worthington Enterprises’s dividend payout ratio is 81.93%.

Worthington Enterprises Profile

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.