Caisse Des Depots ET Consignations Invests $465,000 in Worthington Enterprises, Inc. (NYSE:WOR)

Caisse Des Depots ET Consignations acquired a new stake in Worthington Enterprises, Inc. (NYSE:WOR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,601 shares of the industrial products company’s stock, valued at approximately $465,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WOR. JPMorgan Chase & Co. grew its position in Worthington Enterprises by 44.0% in the 4th quarter. JPMorgan Chase & Co. now owns 198,848 shares of the industrial products company’s stock valued at $7,976,000 after acquiring an additional 60,733 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Worthington Enterprises by 34.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,952 shares of the industrial products company’s stock worth $396,000 after buying an additional 2,540 shares during the period. EntryPoint Capital LLC acquired a new stake in Worthington Enterprises during the 4th quarter worth approximately $240,000. LPL Financial LLC boosted its position in Worthington Enterprises by 9.2% in the 4th quarter. LPL Financial LLC now owns 7,396 shares of the industrial products company’s stock valued at $297,000 after buying an additional 624 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Worthington Enterprises in the fourth quarter worth $301,000. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WOR. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group increased their price target on Worthington Enterprises from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Thursday. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $47.67.

Worthington Enterprises Price Performance

Shares of WOR opened at $51.67 on Friday. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 62.25 and a beta of 1.21. The firm’s fifty day simple moving average is $42.22 and its 200-day simple moving average is $41.45. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $62.86. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32.

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

Worthington Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. Worthington Enterprises’s dividend payout ratio (DPR) is 57.63%.

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.