Jane Street Group LLC Reduces Position in Worthington Enterprises, Inc. (NYSE:WOR)

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

A number of other institutional investors have also recently made changes to their positions in the stock. Quadrant Capital Group LLC lifted its stake in 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 period. Anchor Investment Management LLC bought a new stake in Worthington Enterprises in the 4th quarter worth about $40,000. KBC Group NV increased its holdings in Worthington Enterprises by 63.7% in the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock worth $75,000 after buying an additional 724 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in 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 during the last quarter. Finally, Aigen Investment Management LP purchased a new position in Worthington Enterprises in the fourth quarter worth about $205,000. Hedge funds and other institutional investors own 51.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WOR shares. The Goldman Sachs Group upped their price target on 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 upgraded Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Canaccord Genuity Group upgraded Worthington Enterprises from a "hold" rating to a "buy" rating and increased their price target for the company from $54.00 to $67.00 in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $52.33.

Worthington Enterprises Stock Performance

Shares of Worthington Enterprises stock opened at $59.95 on Wednesday. The stock's fifty day moving average is $49.37 and its two-hundred day moving average is $44.04. The company has a market capitalization of $2.99 billion, a PE ratio of 72.23 and a beta of 1.18. 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 52 week low of $37.88 and a 52 week high of $61.71.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The business had revenue of $304.52 million for the quarter, compared to the consensus estimate of $289.09 million. During the same quarter in the prior year, the company earned $0.80 EPS. The business's revenue was down 3.9% compared to the same quarter last year. As a group, 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 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 1.13%. Worthington Enterprises's dividend payout ratio is currently 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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