Quantbot Technologies LP Acquires New Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Quantbot Technologies LP acquired a new stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,583 shares of the industrial products company's stock, valued at approximately $264,000.

Several other large investors have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in Worthington Enterprises in the 4th quarter valued at about $478,000. Amundi grew its stake in shares of Worthington Enterprises by 170.3% in the 4th quarter. Amundi now owns 15,777 shares of the industrial products company's stock valued at $625,000 after purchasing an additional 9,941 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Worthington Enterprises by 3.3% in the third quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company's stock valued at $33,739,000 after purchasing an additional 25,824 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Worthington Enterprises by 90.7% during the third quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company's stock worth $5,725,000 after purchasing an additional 65,685 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Worthington Enterprises during the third quarter worth $1,014,000. 51.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WOR shares. Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. Canaccord Genuity Group lifted their target price on shares of Worthington Enterprises from $49.00 to $54.00 and gave the company a "hold" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $47.67.

Remove Ads

Worthington Enterprises Price Performance

Worthington Enterprises stock traded down $0.33 during midday trading on Monday, reaching $50.15. The company's stock had a trading volume of 559,414 shares, compared to its average volume of 383,725. 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 $62.56. The firm has a market capitalization of $2.51 billion, a PE ratio of 60.42 and a beta of 1.21. The stock's 50 day simple moving average is $42.39 and its 200 day simple moving average is $41.48.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.73 by $0.18. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The firm had revenue of $304.52 million during the quarter, compared to analysts' expectations of $289.09 million. During the same quarter last year, the business earned $0.80 earnings per share. The business's revenue for the quarter was down 3.9% compared to the same quarter last year. On average, equities research analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.36%. Worthington Enterprises's dividend payout ratio is currently 57.63%.

About Worthington Enterprises

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.