VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 12,200 Worthington Enterprises, Inc. $WOR

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,200 shares of the industrial products company’s stock, valued at approximately $629,000.

A number of other institutional investors have also made changes to their positions in WOR. Windsor Advisory Group LLC acquired a new stake in shares of Worthington Enterprises during the third quarter valued at about $16,319,000. Keybank National Association OH acquired a new stake in shares of Worthington Enterprises during the fourth quarter valued at about $10,749,000. Arrowstreet Capital Limited Partnership increased its position in shares of Worthington Enterprises by 67.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 481,541 shares of the industrial products company’s stock valued at $26,721,000 after acquiring an additional 193,319 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Worthington Enterprises by 54.9% in the first quarter. Millennium Management LLC now owns 352,486 shares of the industrial products company’s stock valued at $17,656,000 after purchasing an additional 124,867 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Worthington Enterprises in the third quarter valued at approximately $6,438,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Enterprises in a research note on Monday, April 20th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $69.00 price objective on shares of Worthington Enterprises in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $61.00.

Worthington Enterprises Stock Performance

NYSE:WOR opened at $53.48 on Monday. The company has a quick ratio of 1.44, a current ratio of 2.36 and a debt-to-equity ratio of 0.31. Worthington Enterprises, Inc. has a fifty-two week low of $45.01 and a fifty-two week high of $70.91. The stock has a market cap of $2.63 billion, a PE ratio of 23.77 and a beta of 1.28. The firm’s fifty day simple moving average is $52.55 and its 200-day simple moving average is $54.10.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings data on Tuesday, March 24th. The industrial products company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. The firm had revenue of $378.68 million for the quarter, compared to analysts’ expectations of $349.41 million. Worthington Enterprises had a net margin of 8.42% and a return on equity of 17.74%. The firm’s revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 EPS. Analysts expect that Worthington Enterprises, Inc. will post 3.41 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 15th. Worthington Enterprises’s dividend payout ratio is presently 33.78%.

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.