Worthington Enterprises, Inc. $WOR Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 17.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 108,720 shares of the industrial products company’s stock after purchasing an additional 15,800 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Worthington Enterprises were worth $6,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hantz Financial Services Inc. lifted its position in Worthington Enterprises by 61.0% in the third quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock valued at $29,000 after buying an additional 199 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Worthington Enterprises by 693.6% during the second quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 541 shares during the last quarter. CWM LLC raised its stake in shares of Worthington Enterprises by 33.5% in the 2nd quarter. CWM LLC now owns 813 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 204 shares during the period. Amplify Investments LLC raised its stake in shares of Worthington Enterprises by 27.7% in the 3rd quarter. Amplify Investments LLC now owns 1,484 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 322 shares during the period. Finally, Caldwell Trust Co acquired a new position in shares of Worthington Enterprises in the 2nd quarter worth approximately $112,000. 51.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Worthington Enterprises Stock Performance

NYSE:WOR opened at $57.13 on Friday. Worthington Enterprises, Inc. has a 52 week low of $39.05 and a 52 week high of $70.91. The company has a fifty day simple moving average of $54.68 and a two-hundred day simple moving average of $57.37. The company has a quick ratio of 2.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 26.95 and a beta of 1.35.

Worthington Enterprises (NYSE:WOR) last released its earnings results on Tuesday, December 16th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.06). Worthington Enterprises had a net margin of 8.46% and a return on equity of 17.70%. The company had revenue of $327.45 million during the quarter, compared to analysts’ expectations of $310.60 million. During the same quarter last year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities analysts anticipate that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, March 13th. Worthington Enterprises’s dividend payout ratio (DPR) is presently 35.85%.

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.