PDS Planning Inc Raises Holdings in Worthington Enterprises, Inc. $WOR

PDS Planning Inc grew its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 4.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,653 shares of the industrial products company’s stock after buying an additional 641 shares during the quarter. PDS Planning Inc’s holdings in Worthington Enterprises were worth $869,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS grew its holdings in shares of Worthington Enterprises by 15.0% during the second quarter. KLP Kapitalforvaltning AS now owns 6,900 shares of the industrial products company’s stock worth $439,000 after purchasing an additional 900 shares during the last quarter. 111 Capital purchased a new position in shares of Worthington Enterprises during the second quarter worth about $201,000. Ameritas Advisory Services LLC purchased a new position in shares of Worthington Enterprises during the second quarter worth about $46,000. Janney Montgomery Scott LLC grew its holdings in shares of Worthington Enterprises by 1.4% during the second quarter. Janney Montgomery Scott LLC now owns 27,254 shares of the industrial products company’s stock worth $1,734,000 after purchasing an additional 368 shares during the last quarter. Finally, ORG Partners LLC boosted its stake in shares of Worthington Enterprises by 61.0% during the second quarter. ORG Partners LLC now owns 660 shares of the industrial products company’s stock worth $43,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Price Performance

Shares of NYSE:WOR opened at $54.98 on Friday. The company has a quick ratio of 2.24, a current ratio of 3.30 and a debt-to-equity ratio of 0.32. The company has a market cap of $2.73 billion, a P/E ratio of 25.81 and a beta of 1.17. Worthington Enterprises, Inc. has a 52 week low of $37.88 and a 52 week high of $70.91. The company has a 50-day moving average price of $61.88 and a 200 day moving average price of $58.65.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings data on Wednesday, December 28th. The industrial products company reported $2.12 EPS for the quarter. The firm had revenue of $1.23 billion during the quarter. Worthington Enterprises had a net margin of 8.91% and a return on equity of 17.70%. Research analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, December 15th. Worthington Enterprises’s dividend payout ratio (DPR) is presently 35.68%.

Insider Activity

In related news, Director Michael J. Endres purchased 10,000 shares of Worthington Enterprises stock in a transaction dated Thursday, September 25th. The stock was bought at an average cost of $52.95 per share, for a total transaction of $529,500.00. Following the transaction, the director owned 95,524 shares in the company, valued at approximately $5,057,995.80. The trade was a 11.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WOR. The Goldman Sachs Group increased their target price on shares of Worthington Enterprises from $44.00 to $50.00 and gave the stock a “sell” rating in a research note on Thursday, June 26th. Zacks Research downgraded shares of Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. Wall Street Zen downgraded shares of Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday. CJS Securities upgraded shares of Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 target price for the company in a research note on Wednesday, September 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Enterprises in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $62.33.

Worthington Enterprises Company 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.