Worthington Enterprises, Inc. (WOR) To Go Ex-Dividend on December 13th

Worthington Enterprises, Inc. (NYSE:WOR) announced a quarterly dividend on Tuesday, September 24th,RTT News reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.17 per share by the industrial products company on Friday, December 27th. This represents a $0.68 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, December 13th.

Worthington Enterprises has raised its dividend by an average of 8.7% annually over the last three years. Worthington Enterprises has a dividend payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings.

Worthington Enterprises Stock Performance

NYSE WOR traded down $0.06 during trading hours on Wednesday, reaching $40.85. 17,819 shares of the company were exchanged, compared to its average volume of 271,827. Worthington Enterprises has a 1 year low of $38.24 and a 1 year high of $69.96. The business’s 50 day simple moving average is $40.51 and its 200-day simple moving average is $44.99. The company has a quick ratio of 2.34, a current ratio of 3.47 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $2.05 billion, a P/E ratio of 54.28 and a beta of 1.26.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Tuesday, September 24th. The industrial products company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.21). The firm had revenue of $257.31 million during the quarter, compared to the consensus estimate of $296.05 million. Worthington Enterprises had a net margin of 1.96% and a return on equity of 12.23%. Worthington Enterprises’s revenue was down 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 earnings per share.

Insider Activity

In other news, CFO Joseph B. Hayek bought 2,500 shares of the stock in a transaction dated Friday, October 11th. The stock was purchased at an average cost of $40.21 per share, for a total transaction of $100,525.00. Following the transaction, the chief financial officer now owns 168,875 shares of the company’s stock, valued at $6,790,463.75. The trade was a 1.50 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 37.50% of the company’s stock.

Wall Street Analyst Weigh In

WOR has been the topic of several recent analyst reports. Canaccord Genuity Group restated a “hold” rating and set a $46.00 target price on shares of Worthington Enterprises in a report on Friday, October 4th. Canaccord Genuity Group dropped their target price on shares of Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, September 26th. Finally, StockNews.com upgraded shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th.

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.