Balyasny Asset Management L.P. Boosts Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Balyasny Asset Management L.P. increased its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 236.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 222,281 shares of the industrial products company's stock after buying an additional 156,173 shares during the period. Balyasny Asset Management L.P. owned 0.44% of Worthington Enterprises worth $8,916,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Quadrant Capital Group LLC lifted its holdings in shares of Worthington Enterprises by 121.0% in the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after acquiring an additional 455 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in Worthington Enterprises in the 4th quarter valued at $40,000. Itau Unibanco Holding S.A. grew its position in Worthington Enterprises by 41.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock valued at $68,000 after purchasing an additional 501 shares during the period. KBC Group NV lifted its stake in Worthington Enterprises by 63.7% during the 4th 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 in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Worthington Enterprises by 23.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company's stock worth $124,000 after purchasing an additional 585 shares during the period. Institutional investors and hedge funds own 51.59% of the company's stock.

Worthington Enterprises Stock Performance

Shares of WOR stock traded down $0.41 during trading hours on Thursday, reaching $59.13. The company had a trading volume of 40,785 shares, compared to its average volume of 309,379. The business has a fifty day moving average price of $47.91 and a 200-day moving average price of $43.44. 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 firm has a market cap of $2.95 billion, a PE ratio of 71.24 and a beta of 1.18. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $61.71.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $289.09 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The company's quarterly revenue was down 3.9% compared to the same quarter last year. Sell-side analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share 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 given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.15%. Worthington Enterprises's payout ratio is presently 57.63%.

Analyst Ratings Changes

Several brokerages recently weighed in on WOR. Seaport Res Ptn raised Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th. The Goldman Sachs Group boosted their price objective on Worthington Enterprises from $39.00 to $44.00 and gave the stock a "sell" rating in a report on Thursday, April 3rd. Finally, Canaccord Genuity Group upgraded Worthington Enterprises from a "hold" rating to a "buy" rating and boosted their target price for the stock from $54.00 to $67.00 in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Worthington Enterprises presently has an average rating of "Hold" and a consensus target price of $52.33.

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.