Worthington Enterprises, Inc. (NYSE:WOR) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,281 shares of the industrial products company’s stock after acquiring an additional 1,296 shares during the quarter. MetLife Investment Management LLC’s holdings in Worthington Enterprises were worth $773,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of WOR. Pacer Advisors Inc. increased its holdings in Worthington Enterprises by 9.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company’s stock worth $71,032,000 after purchasing an additional 156,762 shares during the last quarter. American Century Companies Inc. raised its holdings in Worthington Enterprises by 11.5% in the fourth quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company’s stock valued at $26,559,000 after acquiring an additional 68,363 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Worthington Enterprises by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 533,276 shares of the industrial products company’s stock valued at $21,390,000 after acquiring an additional 39,996 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Worthington Enterprises by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 414,546 shares of the industrial products company’s stock worth $16,627,000 after acquiring an additional 14,328 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Worthington Enterprises by 187.9% in the 4th quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company’s stock valued at $8,114,000 after purchasing an additional 132,040 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Stock Up 1.9 %

Shares of Worthington Enterprises stock opened at $52.10 on Friday. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $60.71. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 62.77 and a beta of 1.06. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $45.52 and its 200-day simple moving average is $42.57.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. The company had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities research analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. Worthington Enterprises’s payout ratio is currently 57.63%.

Analyst Ratings Changes

Several brokerages recently weighed in on WOR. Canaccord Genuity Group boosted their price objective on Worthington Enterprises from $49.00 to $54.00 and gave the company a “hold” rating in a report on Thursday, March 27th. The Goldman Sachs Group upped their price target on Worthington Enterprises from $39.00 to $44.00 and gave the company a “sell” rating in a research report on Thursday, April 3rd. Finally, Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.00.

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.