KBC Group NV Has $75,000 Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

KBC Group NV grew its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 63.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,860 shares of the industrial products company’s stock after purchasing an additional 724 shares during the quarter. KBC Group NV’s holdings in Worthington Enterprises were worth $75,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of Worthington Enterprises in the 3rd quarter valued at $83,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Worthington Enterprises in the 3rd quarter valued at $85,000. Point72 DIFC Ltd bought a new stake in shares of Worthington Enterprises in the 3rd quarter valued at $110,000. Eastern Bank bought a new stake in shares of Worthington Enterprises in the 3rd quarter valued at $121,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Worthington Enterprises in the 3rd quarter valued at $124,000. Institutional investors own 51.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WOR. Seaport Res Ptn upgraded shares of Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th. Canaccord Genuity Group upped their price objective on shares of Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $46.00.

Worthington Enterprises Price Performance

WOR stock opened at $41.40 on Monday. The stock has a 50-day moving average price of $40.98 and a two-hundred day moving average price of $42.22. The stock has a market cap of $2.07 billion, a PE ratio of 49.88 and a beta of 1.24. 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, Inc. has a 1 year low of $37.88 and a 1 year high of $69.96.

Worthington Enterprises (NYSE:WOR) last released its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $274.05 million during the quarter, compared to analysts’ expectations of $273.77 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Equities analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.64%. Worthington Enterprises’s payout ratio is 81.93%.

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.