Worthington Enterprises, Inc. $WOR Stake Boosted by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 11.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,520 shares of the industrial products company’s stock after acquiring an additional 12,800 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.25% of Worthington Enterprises worth $6,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WOR. Allworth Financial LP boosted its position in Worthington Enterprises by 872.0% during the fourth 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 last quarter. McMillan Office Inc. acquired a new position in Worthington Enterprises in the 4th quarter worth about $31,000. Farther Finance Advisors LLC increased its position in Worthington Enterprises by 81.3% in the 4th quarter. Farther Finance Advisors LLC now owns 678 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 304 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Worthington Enterprises by 823.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 757 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 675 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Worthington Enterprises by 693.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 541 shares in the last quarter. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Worthington Enterprises Trading Up 1.6%

Worthington Enterprises stock opened at $54.69 on Wednesday. Worthington Enterprises, Inc. has a one year low of $45.01 and a one year high of $67.80. The company’s fifty day moving average price is $56.18 and its two-hundred day moving average price is $54.55. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 17.42 and a beta of 1.29. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.37 and a quick ratio of 1.43.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Tuesday, June 23rd. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.07). The company had revenue of $371.46 million for the quarter, compared to the consensus estimate of $386.49 million. Worthington Enterprises had a return on equity of 16.79% and a net margin of 11.30%.The business’s revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS. On average, analysts forecast that Worthington Enterprises, Inc. will post 3.85 earnings per share for the current fiscal year.

Worthington Enterprises Increases Dividend

The business 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. This is an increase from Worthington Enterprises’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, September 15th. This represents a $0.80 annualized dividend and a yield of 1.5%. Worthington Enterprises’s dividend payout ratio is presently 24.20%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WOR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Enterprises in a report on Monday, April 20th. 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, Canaccord Genuity Group cut their price objective 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, June 25th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.