New York State Common Retirement Fund Has $608,000 Position in Worthington Enterprises, Inc. $WOR

New York State Common Retirement Fund lessened its position in Worthington Enterprises, Inc. (NYSE:WOR) by 60.5% in the third quarter, HoldingsChannel.com reports. The fund owned 10,960 shares of the industrial products company’s stock after selling 16,800 shares during the period. New York State Common Retirement Fund’s holdings in Worthington Enterprises were worth $608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd lifted its stake in Worthington Enterprises by 134.7% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 20,640 shares of the industrial products company’s stock valued at $1,314,000 after purchasing an additional 11,846 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in Worthington Enterprises in the second quarter valued at approximately $226,000. Dynamic Technology Lab Private Ltd bought a new stake in Worthington Enterprises in the second quarter valued at approximately $1,826,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Worthington Enterprises by 377.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 288,222 shares of the industrial products company’s stock valued at $18,342,000 after buying an additional 227,792 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Worthington Enterprises by 97.7% during the 2nd quarter. Prudential Financial Inc. now owns 103,150 shares of the industrial products company’s stock worth $6,564,000 after acquiring an additional 50,967 shares during the period. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Worthington Enterprises Stock Performance

WOR opened at $58.02 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.26. The business has a fifty day simple moving average of $54.41 and a 200 day simple moving average of $57.57. Worthington Enterprises, Inc. has a 1 year low of $39.05 and a 1 year high of $70.91. The company has a market capitalization of $2.87 billion, a PE ratio of 27.37 and a beta of 1.35.

Worthington Enterprises (NYSE:WOR) last posted its earnings results on Tuesday, December 16th. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.06). The firm had revenue of $327.45 million for the quarter, compared to analyst estimates of $310.60 million. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.46%.The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. Research analysts expect that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.76 dividend on an annualized basis and a yield of 1.3%. Worthington Enterprises’s payout ratio is currently 35.85%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group dropped their price target on Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, December 18th. Wall Street Zen upgraded shares of Worthington Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.00.

Worthington Enterprises Company 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.