Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its position in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 59.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,378 shares of the industrial products company's stock after selling 47,086 shares during the quarter. Jane Street Group LLC owned 0.06% of Worthington Enterprises worth $1,299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of WOR. Quadrant Capital Group LLC boosted its holdings in shares of Worthington Enterprises by 121.0% during the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after purchasing an additional 455 shares during the period. Anchor Investment Management LLC purchased a new position in shares of Worthington Enterprises during the fourth quarter valued at approximately $40,000. KBC Group NV increased its position in shares of Worthington Enterprises by 63.7% during the fourth 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. Tower Research Capital LLC TRC increased its position in shares of Worthington Enterprises by 23.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company's stock valued at $124,000 after acquiring an additional 585 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Worthington Enterprises during the fourth quarter valued at approximately $205,000. 51.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. Canaccord Genuity Group upgraded shares of 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 report on Monday, May 5th. Finally, The Goldman Sachs Group upped their price target on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a "sell" rating in a report on Thursday, April 3rd. 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 company. According to MarketBeat, Worthington Enterprises has an average rating of "Hold" and an average price target of $52.33.

Worthington Enterprises Stock Performance

Worthington Enterprises stock traded down $0.22 during mid-day trading on Monday, reaching $57.66. 155,878 shares of the company traded hands, compared to its average volume of 311,833. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 69.46 and a beta of 1.18. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $61.71. The firm's fifty day moving average is $51.12 and its two-hundred day moving average is $44.64. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. The firm had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The business's quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share. On average, equities research analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal 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 given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.18%. Worthington Enterprises's dividend payout ratio is presently 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.