Inceptionr LLC Buys Shares of 8,847 Worthington Enterprises, Inc. (NYSE:WOR)

Inceptionr LLC bought a new stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,847 shares of the industrial products company's stock, valued at approximately $355,000.

A number of other hedge funds have also made changes to their positions in WOR. KBC Group NV boosted its stake in Worthington Enterprises by 45.1% during the 3rd 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Worthington Enterprises in the third quarter worth about $85,000. Point72 DIFC Ltd bought a new position in Worthington Enterprises during the third quarter worth $110,000. Point72 Hong Kong Ltd acquired a new stake in shares of Worthington Enterprises during the third quarter worth $124,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Worthington Enterprises in the 3rd quarter worth about $199,000. Institutional investors and hedge funds own 51.59% of the company's stock.

Worthington Enterprises Trading Down 3.0 %

Shares of WOR stock traded down $1.26 during trading hours on Wednesday, reaching $40.37. 192,272 shares of the stock traded hands, compared to its average volume of 287,771. The business has a fifty day moving average price of $41.65 and a 200 day moving average price of $41.58. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $69.96. 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 firm has a market capitalization of $2.02 billion, a PE ratio of 48.64 and a beta of 1.21.

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Worthington Enterprises (NYSE:WOR - Get Free Report) last released its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. The company had revenue of $274.05 million during the quarter, compared to analyst estimates 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 for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 earnings per share. On average, equities research analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, March 14th. Worthington Enterprises's payout ratio is presently 81.93%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WOR shares. Canaccord Genuity Group increased their price objective on shares of Worthington Enterprises from $46.00 to $49.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. Seaport Res Ptn upgraded shares of Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Worthington Enterprises currently has an average rating of "Hold" and an average price target 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.