14,522 Shares in Worthington Enterprises, Inc. $WOR Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in Worthington Enterprises, Inc. (NYSE:WOR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,522 shares of the industrial products company’s stock, valued at approximately $780,000.

A number of other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Worthington Enterprises in the 2nd quarter valued at about $283,372,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Worthington Enterprises during the first quarter worth about $23,824,000. Bank of New York Mellon Corp acquired a new stake in shares of Worthington Enterprises during the second quarter worth about $18,376,000. Windsor Advisory Group LLC purchased a new position in shares of Worthington Enterprises in the third quarter valued at approximately $16,319,000. Finally, LSV Asset Management purchased a new position in shares of Worthington Enterprises in the fourth quarter valued at approximately $10,684,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Worthington Enterprises Stock Performance

Shares of WOR opened at $62.41 on Monday. The stock has a 50-day simple moving average of $56.44 and a 200-day simple moving average of $55.27. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.43 and a current ratio of 2.37. The stock has a market capitalization of $3.05 billion, a PE ratio of 19.88 and a beta of 1.30. Worthington Enterprises, Inc. has a 1 year low of $45.01 and a 1 year high of $66.47.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings data on Tuesday, June 23rd. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.07). Worthington Enterprises had a return on equity of 16.79% and a net margin of 11.30%.The company had revenue of $371.46 million for the quarter, compared to analyst estimates of $386.49 million. During the same period in the prior year, the firm posted $1.06 earnings per share. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. On average, analysts predict that Worthington Enterprises, Inc. will post 3.85 earnings per share for the current fiscal year.

Worthington Enterprises Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.20 per share. This is a boost from Worthington Enterprises’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, September 15th. This represents a $0.80 annualized dividend and a yield of 1.3%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 24.20%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WOR. Wall Street Zen cut shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Canaccord Genuity Group decreased their price target on shares of Worthington Enterprises from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.50.

Insider Buying and Selling

In other Worthington Enterprises news, major shareholder John McConnell sold 41,704 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $55.85, for a total value of $2,329,168.40. Following the sale, the insider directly owned 1,335,648 shares of the company’s stock, valued at approximately $74,595,940.80. This represents a 3.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.50% of the stock is owned by company insiders.

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.