Marshall Wace LLP Has $7.29 Million Stock Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Marshall Wace LLP lifted its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 151.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,650 shares of the industrial products company's stock after buying an additional 109,525 shares during the quarter. Marshall Wace LLP owned about 0.36% of Worthington Enterprises worth $7,286,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC bought a new position in Worthington Enterprises during the fourth quarter worth about $40,000. XTX Topco Ltd increased its holdings in shares of Worthington Enterprises by 75.4% during the fourth quarter. XTX Topco Ltd now owns 10,866 shares of the industrial products company's stock worth $436,000 after purchasing an additional 4,672 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Worthington Enterprises in the fourth quarter valued at approximately $394,000. Legal & General Group Plc boosted its stake in shares of Worthington Enterprises by 0.9% in the fourth quarter. Legal & General Group Plc now owns 92,960 shares of the industrial products company's stock valued at $3,729,000 after buying an additional 819 shares during the period. Finally, Quadrant Capital Group LLC grew its position in Worthington Enterprises by 121.0% during the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after buying an additional 455 shares in the last quarter. Institutional investors own 51.59% of the company's stock.

Analyst Upgrades and Downgrades

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

Worthington Enterprises Trading Up 2.9 %

Shares of WOR stock opened at $47.78 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $60.71. The company has a market cap of $2.38 billion, a PE ratio of 57.56 and a beta of 1.06. The stock's fifty day moving average price is $44.40 and its two-hundred day moving average price is $42.03.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The firm had revenue of $304.52 million for the quarter, compared to analysts' expectations of $289.09 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 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 earnings per share. Equities analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.42%. Worthington Enterprises's payout ratio is currently 57.63%.

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.

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