Rhumbline Advisers Acquires 9,539 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Rhumbline Advisers lifted its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,490 shares of the industrial products company's stock after buying an additional 9,539 shares during the quarter. Rhumbline Advisers owned approximately 0.21% of Worthington Enterprises worth $4,311,000 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. Pacer Advisors Inc. grew its holdings in Worthington Enterprises by 9.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company's stock worth $71,032,000 after acquiring an additional 156,762 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Worthington Enterprises in the third quarter worth about $3,663,000. JPMorgan Chase & Co. increased its holdings in Worthington Enterprises by 90.7% in the third quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company's stock valued at $5,725,000 after buying an additional 65,685 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Worthington Enterprises in the third quarter valued at about $1,764,000. Finally, Jane Street Group LLC raised its stake in Worthington Enterprises by 98.9% during the third quarter. Jane Street Group LLC now owns 79,464 shares of the industrial products company's stock valued at $3,294,000 after buying an additional 39,507 shares in the last quarter. Institutional investors own 51.59% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th. Canaccord Genuity Group boosted their price objective on Worthington Enterprises from $46.00 to $49.00 and gave the company a "hold" rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $46.00.

Worthington Enterprises Stock Performance

NYSE WOR traded down $1.02 on Tuesday, hitting $40.20. The stock had a trading volume of 130,606 shares, compared to its average volume of 270,818. The company's 50-day moving average is $41.63 and its two-hundred day moving average is $41.76. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 48.45 and a beta of 1.24. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $69.96.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The firm had revenue of $274.05 million for the quarter, compared to analysts' expectations of $273.77 million. During the same period last year, the firm earned $0.78 EPS. The firm's revenue was down 8.1% compared to the same quarter last year. On average, analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, March 14th. Worthington Enterprises's dividend payout ratio (DPR) is presently 81.93%.

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.