Coldstream Capital Management Inc. Grows Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Coldstream Capital Management Inc. boosted its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,186 shares of the industrial products company’s stock after acquiring an additional 601 shares during the period. Coldstream Capital Management Inc.’s holdings in Worthington Enterprises were worth $1,097,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Worthington Enterprises by 6.6% during the fourth quarter. Vanguard Group Inc. now owns 3,901,794 shares of the industrial products company’s stock valued at $224,548,000 after purchasing an additional 242,833 shares in the last quarter. Gerber LLC purchased a new position in Worthington Enterprises during the fourth quarter valued at $1,856,000. Denali Advisors LLC boosted its holdings in Worthington Enterprises by 35.4% in the first quarter. Denali Advisors LLC now owns 81,021 shares of the industrial products company’s stock worth $5,042,000 after acquiring an additional 21,164 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Worthington Enterprises by 58.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 58,184 shares of the industrial products company’s stock worth $3,621,000 after acquiring an additional 21,543 shares during the last quarter. Finally, Capital International Investors bought a new position in shares of Worthington Enterprises during the fourth quarter valued at $26,329,000. 51.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WOR. Canaccord Genuity Group dropped their price target on shares of Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating on the stock in a research note on Thursday, June 27th. StockNews.com downgraded shares of Worthington Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, June 26th. Finally, The Goldman Sachs Group reduced their price target on shares of Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating for the company in a research report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.33.

Worthington Enterprises Price Performance

Shares of NYSE:WOR opened at $43.36 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.86 and a current ratio of 3.78. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 19.62 and a beta of 1.25. The business has a 50-day simple moving average of $45.92 and a two-hundred day simple moving average of $53.63. Worthington Enterprises, Inc. has a fifty-two week low of $36.29 and a fifty-two week high of $69.96.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Wednesday, June 26th. The industrial products company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.14). Worthington Enterprises had a net margin of 3.79% and a return on equity of 15.57%. The company had revenue of $318.80 million for the quarter, compared to analysts’ expectations of $352.82 million. During the same period in the previous year, the firm earned $2.74 earnings per share. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis.

Worthington Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.57%. This is a positive change from Worthington Enterprises’s previous quarterly dividend of $0.16. Worthington Enterprises’s payout ratio is presently 30.77%.

Worthington Enterprises 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.