XTX Topco Ltd purchased a new position in shares of Worthington Enterprises, Inc. (NYSE:WOR – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,194 shares of the industrial products company’s stock, valued at approximately $257,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Creative Planning grew its holdings in Worthington Enterprises by 2.0% during the 2nd quarter. Creative Planning now owns 12,160 shares of the industrial products company’s stock worth $576,000 after acquiring an additional 244 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Worthington Enterprises by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the industrial products company’s stock worth $729,000 after purchasing an additional 300 shares during the last quarter. KBC Group NV grew its stake in Worthington Enterprises by 45.1% in the third quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 353 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Worthington Enterprises by 10.9% in the second quarter. Hsbc Holdings PLC now owns 4,531 shares of the industrial products company’s stock valued at $214,000 after buying an additional 445 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Worthington Enterprises by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 17,718 shares of the industrial products company’s stock valued at $839,000 after buying an additional 462 shares in the last quarter. Institutional investors own 51.59% of the company’s stock.
Worthington Enterprises Trading Up 10.3 %
NYSE:WOR opened at $42.14 on Thursday. The firm has a market capitalization of $2.12 billion, a P/E ratio of 55.45 and a beta of 1.26. The business has a 50 day simple moving average of $40.33 and a 200 day simple moving average of $44.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.47 and a quick ratio of 2.34. Worthington Enterprises, Inc. has a 12-month low of $37.88 and a 12-month high of $69.96.
Worthington Enterprises Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.61%. Worthington Enterprises’s payout ratio is 81.93%.
Insiders Place Their Bets
In other Worthington Enterprises news, CFO Joseph B. Hayek acquired 2,500 shares of Worthington Enterprises stock in a transaction dated Friday, October 11th. The stock was acquired at an average cost of $40.21 per share, for a total transaction of $100,525.00. Following the completion of the transaction, the chief financial officer now owns 168,875 shares in the company, valued at approximately $6,790,463.75. This represents a 1.50 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 37.50% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group reiterated a “hold” rating and issued a $46.00 price target on shares of Worthington Enterprises in a report on Friday, October 4th. StockNews.com upgraded shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th. Finally, Canaccord Genuity Group reduced their price target on shares of Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th.
Read Our Latest Stock Analysis on WOR
About Worthington Enterprises
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.
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