Eisler Capital Management Ltd. Takes Position in Worthington Enterprises, Inc. $WOR

Key Points

• Eisler Capital Management Ltd. purchased 4,729 shares of Worthington Enterprises, valued at approximately $237,000, marking a new position for the firm in the first quarter.
• Worthington Enterprises reported a Q2 earnings per share of $1.06, exceeding analyst estimates by $0.22, despite a 0.3% decline in revenue year-over-year.
• The company recently declared an increased quarterly dividend of $0.19, up from $0.17, representing an annualized yield of 1.1%.

Eisler Capital Management Ltd. purchased a new stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,729 shares of the industrial products company's stock, valued at approximately $237,000.

A number of other hedge funds also recently modified their holdings of WOR. State of Wyoming bought a new stake in shares of Worthington Enterprises during the fourth quarter valued at approximately $51,000. Itau Unibanco Holding S.A. increased its holdings 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 buying an additional 501 shares during the period. Summit Securities Group LLC bought a new stake in Worthington Enterprises in the 1st quarter valued at $75,000. GAMMA Investing LLC raised its stake in shares of Worthington Enterprises by 77.2% in the 1st quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company's stock valued at $82,000 after buying an additional 716 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Worthington Enterprises by 966.2% during the 1st quarter. US Bancorp DE now owns 2,207 shares of the industrial products company's stock worth $111,000 after acquiring an additional 2,000 shares during the period. Institutional investors own 51.59% of the company's stock.

Worthington Enterprises Price Performance

Shares of WOR stock traded down $1.15 during trading hours on Tuesday, hitting $64.65. 68,503 shares of the company's stock were exchanged, compared to its average volume of 314,845. Worthington Enterprises, Inc. has a 52 week low of $37.88 and a 52 week high of $70.91. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 33.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 2.62. The stock's 50-day moving average is $63.84 and its 200-day moving average is $55.23.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.22. Worthington Enterprises had a return on equity of 16.66% and a net margin of 8.33%.The business had revenue of $317.88 million during the quarter, compared to analysts' expectations of $300.96 million. During the same period in the previous year, the business posted $0.74 earnings per share. The firm's revenue for the quarter was down .3% compared to the same quarter last year. As a group, research analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, September 15th. This is an increase from Worthington Enterprises's previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.2%. Worthington Enterprises's dividend payout ratio is presently 35.60%.

Analyst Ratings Changes

A number of analysts recently weighed in on WOR shares. Canaccord Genuity Group upped their target price on shares of Worthington Enterprises from $69.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Zacks Research downgraded Worthington Enterprises from a "strong-buy" rating to a "hold" rating in a report on Monday, August 25th. Wall Street Zen raised Worthington Enterprises from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 24th. Finally, The Goldman Sachs Group raised their target price on Worthington Enterprises from $44.00 to $50.00 and gave the stock a "sell" rating in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Worthington Enterprises has an average rating of "Hold" and an average price target of $59.00.

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.