Dynamic Technology Lab Private Ltd Makes New $1.83 Million Investment in Worthington Enterprises, Inc. $WOR

Dynamic Technology Lab Private Ltd 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 28,700 shares of the industrial products company’s stock, valued at approximately $1,826,000. Dynamic Technology Lab Private Ltd owned 0.06% of Worthington Enterprises at the end of the most recent quarter.

Several other large investors have also modified their holdings of WOR. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Worthington Enterprises by 6.0% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 29,440 shares of the industrial products company’s stock valued at $1,874,000 after buying an additional 1,662 shares during the last quarter. Creative Planning lifted its stake in shares of Worthington Enterprises by 19.4% in the 2nd quarter. Creative Planning now owns 20,463 shares of the industrial products company’s stock worth $1,302,000 after acquiring an additional 3,322 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Worthington Enterprises by 7.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,946 shares of the industrial products company’s stock worth $506,000 after acquiring an additional 521 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Worthington Enterprises by 1.1% in the second quarter. Geode Capital Management LLC now owns 733,238 shares of the industrial products company’s stock valued at $46,670,000 after acquiring an additional 8,293 shares in the last quarter. Finally, Midwest Trust Co acquired a new position in shares of Worthington Enterprises during the second quarter worth about $5,068,000. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Insider Buying and Selling at Worthington Enterprises

In related news, Director Michael J. Endres acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost of $52.95 per share, for a total transaction of $529,500.00. Following the transaction, the director directly owned 95,524 shares of the company’s stock, valued at approximately $5,057,995.80. This trade represents a 11.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WOR. Canaccord Genuity Group reduced their price objective on shares of Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday, October 8th. Wall Street Zen downgraded Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 11th. CJS Securities raised Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 price objective on the stock in a report on Wednesday, September 24th. Finally, Zacks Research downgraded Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.33.

Worthington Enterprises Stock Up 1.7%

Worthington Enterprises stock opened at $53.57 on Thursday. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $70.91. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 25.15 and a beta of 1.25. The stock’s fifty day moving average is $56.72 and its two-hundred day moving average is $60.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.24 and a current ratio of 3.30.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Wednesday, December 28th. The industrial products company reported $2.12 EPS for the quarter. The business had revenue of $1.23 billion for the quarter. Worthington Enterprises had a net margin of 8.91% and a return on equity of 17.70%. Analysts predict 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 Monday, December 29th. Stockholders of record on Monday, December 15th will be given a $0.19 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.4%. Worthington Enterprises’s dividend payout ratio is currently 35.68%.

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.