Picton Mahoney Asset Management Raises Stake in Worthington Enterprises, Inc. (NYSE:WOR)

Picton Mahoney Asset Management increased its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 40,728.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,207 shares of the industrial products company's stock after acquiring an additional 10,182 shares during the period. Picton Mahoney Asset Management's holdings in Worthington Enterprises were worth $511,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in WOR. Tower Research Capital LLC TRC grew its position 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 valued at $124,000 after purchasing an additional 585 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Worthington Enterprises during the first quarter worth $256,000. GAMMA Investing LLC boosted its position in shares of Worthington Enterprises by 77.2% in the first quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company's stock valued at $82,000 after acquiring an additional 716 shares during the period. Mutual of America Capital Management LLC bought a new stake in shares of Worthington Enterprises in the first quarter valued at about $226,000. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Worthington Enterprises by 44.4% in the first quarter. Y Intercept Hong Kong Ltd now owns 8,794 shares of the industrial products company's stock valued at $440,000 after acquiring an additional 2,704 shares in the last quarter. 51.59% of the stock is owned by institutional investors and hedge funds.

Worthington Enterprises Stock Up 1.2%

WOR traded up $0.77 during midday trading on Monday, reaching $62.28. 36,358 shares of the company were exchanged, compared to its average volume of 331,719. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $70.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.48. The company's fifty day moving average price is $61.51 and its 200 day moving average price is $51.87. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 32.60 and a beta of 1.21.

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

Worthington Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a $0.19 dividend. This is a positive change from Worthington Enterprises's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.2%. Worthington Enterprises's payout ratio is 35.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WOR shares. The Goldman Sachs Group lifted their price target on shares of Worthington Enterprises from $44.00 to $50.00 and gave the company a "sell" rating in a research report on Thursday, June 26th. Canaccord Genuity Group increased their price target on shares of Worthington Enterprises from $69.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Worthington Enterprises currently 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.