Worthington Enterprises, Inc. $WOR is Windsor Advisory Group LLC’s 2nd Largest Position

Windsor Advisory Group LLC grew its position in Worthington Enterprises, Inc. (NYSE:WOR) by 26.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,282 shares of the industrial products company’s stock after purchasing an additional 78,197 shares during the period. Worthington Enterprises makes up approximately 17.1% of Windsor Advisory Group LLC’s holdings, making the stock its 2nd largest holding. Windsor Advisory Group LLC owned approximately 0.75% of Worthington Enterprises worth $19,199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP lifted its stake in shares of Worthington Enterprises by 872.0% in 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 in the last quarter. McMillan Office Inc. acquired a new position in shares of Worthington Enterprises in the 4th quarter valued at about $31,000. Farther Finance Advisors LLC lifted its stake in shares of Worthington Enterprises by 81.3% in the 4th quarter. Farther Finance Advisors LLC now owns 678 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 304 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Worthington Enterprises by 693.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 541 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Worthington Enterprises in the 4th quarter valued at about $51,000. 51.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WOR. Wall Street Zen raised Worthington Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a research note on Monday, April 20th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Worthington Enterprises in a research note on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $61.00.

Worthington Enterprises Stock Performance

Worthington Enterprises stock opened at $59.82 on Wednesday. The stock’s 50 day moving average price is $55.61 and its 200 day moving average price is $54.43. The firm has a market capitalization of $2.95 billion, a PE ratio of 26.59 and a beta of 1.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.44 and a current ratio of 2.36. Worthington Enterprises, Inc. has a one year low of $45.01 and a one year high of $70.91.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Tuesday, March 24th. The industrial products company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.95 by $0.03. Worthington Enterprises had a return on equity of 17.74% and a net margin of 8.42%.The firm had revenue of $378.68 million for the quarter, compared to analyst estimates of $349.41 million. During the same period in the previous year, the company posted $0.91 EPS. Worthington Enterprises’s revenue for the quarter was up 24.4% on a year-over-year basis. As a group, sell-side analysts expect that Worthington Enterprises, Inc. will post 3.41 EPS for the current fiscal year.

Worthington Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, June 15th. Worthington Enterprises’s dividend payout ratio is presently 33.78%.

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.