ExodusPoint Capital Management LP Acquires Shares of 58,159 Worthington Enterprises, Inc. (NYSE:WOR)

ExodusPoint Capital Management LP bought a new position in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 58,159 shares of the industrial products company's stock, valued at approximately $2,333,000. ExodusPoint Capital Management LP owned 0.12% of Worthington Enterprises as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV lifted its holdings in Worthington Enterprises by 63.7% in the fourth quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock valued at $75,000 after acquiring an additional 724 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Worthington Enterprises during the 3rd quarter worth approximately $110,000. Point72 Asset Management L.P. acquired a new stake in shares of Worthington Enterprises in the 3rd quarter worth approximately $199,000. Aigen Investment Management LP purchased a new position in Worthington Enterprises in the 4th quarter valued at approximately $205,000. Finally, EntryPoint Capital LLC acquired a new position in Worthington Enterprises during the fourth quarter worth $240,000. Hedge funds and other institutional investors own 51.59% of the company's stock.

Worthington Enterprises Trading Up 2.2 %

Worthington Enterprises stock traded up $1.02 during trading on Friday, reaching $47.59. The company had a trading volume of 291,565 shares, compared to its average volume of 302,305. Worthington Enterprises, Inc. has a 12-month low of $37.88 and a 12-month high of $60.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. The stock's 50 day moving average price is $43.71 and its two-hundred day moving average price is $41.73. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 57.33 and a beta of 1.06.

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Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.18. The business had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The business's quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. As a group, equities analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.43%. Worthington Enterprises's payout ratio is 57.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WOR shares. Seaport Res Ptn upgraded Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. Canaccord Genuity Group increased their price objective on Worthington Enterprises from $49.00 to $54.00 and gave the company a "hold" rating in a research note on Thursday, March 27th. Finally, The Goldman Sachs Group raised their price target on shares of Worthington Enterprises from $39.00 to $44.00 and gave the stock a "sell" rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, Worthington Enterprises presently has an average rating of "Hold" and a consensus target price of $48.00.

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.