AlphaQuest LLC Lowers Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

AlphaQuest LLC cut its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 82.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,399 shares of the industrial products company's stock after selling 15,847 shares during the quarter. AlphaQuest LLC's holdings in Worthington Enterprises were worth $136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. KBC Group NV increased its holdings in shares of Worthington Enterprises by 45.1% during the third quarter. KBC Group NV now owns 1,136 shares of the industrial products company's stock valued at $47,000 after acquiring an additional 353 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Worthington Enterprises by 2.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 30,786 shares of the industrial products company's stock valued at $1,235,000 after acquiring an additional 736 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Worthington Enterprises by 7.5% during the third quarter. Franklin Resources Inc. now owns 18,604 shares of the industrial products company's stock valued at $751,000 after acquiring an additional 1,293 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Worthington Enterprises by 24.5% during the third quarter. MML Investors Services LLC now owns 7,827 shares of the industrial products company's stock valued at $324,000 after acquiring an additional 1,538 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Worthington Enterprises during the third quarter valued at $85,000. 51.59% of the stock is currently owned by institutional investors.

Remove Ads

Worthington Enterprises Stock Performance

NYSE:WOR traded down $1.69 on Friday, hitting $39.60. The stock had a trading volume of 2,776,189 shares, compared to its average volume of 271,235. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 47.71 and a beta of 1.21. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The business's 50-day simple moving average is $41.81 and its two-hundred day simple moving average is $41.40. Worthington Enterprises, Inc. has a 52-week low of $37.88 and a 52-week high of $69.96.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $274.05 million for 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 business's revenue for the quarter was down 8.1% on a year-over-year basis. During the same period last year, the firm posted $0.78 earnings per share. As a group, research analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.