SMDV: Growth, Quality Exposures Leave Much To Be Desired [Seeking Alpha]
Worthington Enterprises, Inc. Common Shares (WOR)
Last worthington enterprises, inc. common shares earnings: 3/26 06:55 am
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US:NYSE Investor Relations:
worthingtonindustries.com/company/investor-center
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Source: Seeking Alpha
SMDV has underperformed since my previous coverage, with utilities being among the key detractors. I maintain the conservative Hold rating. I like its value factor exposure, yet both quality and growth are fairly lackluster. In the current environment, this is hardly a winning combination. As to the dividends, I find neither the yield nor the growth rates appealing enough. Today's note is supposed to provide an update on the ProShares Russell 2000 Dividend Growers ETF ( BATS: SMDV ), which I previously discussed in September 2023. I have never been bullish on SMDV, with the Hold rating maintained since my first research note on it was published in March 2022. In this article, I will address portfolio composition changes and their impact on style factors, assess culprits for underperformance, and review the ETF's potential for a rating upgrade. What is SMDV? According to its website , this is a passively managed investment vehicle tracking the Russell 2000 Dividend Growth Inde
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WOR
News
- Worthington Steel: A Strong Start Post Separation [Seeking Alpha]Seeking Alpha
- Are Investors Undervaluing Worthington Steel, Inc. (NYSE:WS) By 22%? [Yahoo! Finance]Yahoo! Finance
- Worthington Industries: Valuation Re-Rating Completed Post Separation [Seeking Alpha]Seeking Alpha
- Worthington Enterprises, Inc. (NYSE: WOR) had its price target raised by analysts at Canaccord Genuity Group Inc. from $56.00 to $64.00. They now have a "hold" rating on the stock.MarketBeat
- Worthington Enterprises, Inc. (NYSE: WOR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
WOR
Earnings
- 12/19/23 - Miss
WOR
Sec Filings
- 5/7/24 - Form 144
- 5/6/24 - Form 4
- 4/22/24 - Form 4
- WOR's page on the SEC website