Jacobs Levy Equity Management Inc. Trims Stake in Worthington Enterprises, Inc. (NYSE:WOR)

Jacobs Levy Equity Management Inc. reduced its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 46.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,551 shares of the industrial products company's stock after selling 12,605 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Worthington Enterprises were worth $584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. PDS Planning Inc increased its holdings in Worthington Enterprises by 3.1% during the fourth quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company's stock valued at $473,000 after buying an additional 356 shares during the last quarter. Quadrant Capital Group LLC increased its holdings 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 valued at $33,000 after buying an additional 455 shares during the last quarter. Itau Unibanco Holding S.A. increased its stake in shares of Worthington Enterprises by 41.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock worth $68,000 after purchasing an additional 501 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Worthington Enterprises by 23.4% in the fourth 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 in the last quarter. Finally, Graham Capital Management L.P. increased its stake in shares of Worthington Enterprises by 9.9% in the fourth quarter. Graham Capital Management L.P. now owns 6,847 shares of the industrial products company's stock worth $275,000 after purchasing an additional 614 shares in the last quarter. 51.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Worthington Enterprises Stock Performance

WOR opened at $59.78 on Friday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 72.02 and a beta of 1.18. The company has a fifty day moving average of $48.98 and a 200 day moving average of $43.86. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $61.71. 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 (NYSE:WOR - Get Free Report) last posted its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. The company had revenue of $304.52 million during the quarter, compared to analysts' expectations of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. Worthington Enterprises's quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the company posted $0.80 earnings per share. As a group, sell-side analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors 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 yield of 1.14%. Worthington Enterprises's payout ratio is 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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