Trexquant Investment LP Buys Shares of 45,342 Worthington Enterprises, Inc. $WOR

Key Points

• Trexquant Investment LP has acquired 45,342 shares of Worthington Enterprises, valued at approximately $2.27 million, representing about 0.09% of the company.
• Worthington Enterprises recently announced a quarterly dividend of $0.19 per share, up from $0.17, with a yield of 1.2% and a payout ratio of 35.60%.
• In quarterly earnings, Worthington reported $1.06 earnings per share, exceeding estimates by $0.22, despite a year-over-year revenue drop of 0.3%.

Trexquant Investment LP acquired a new stake in shares of 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 (SEC). The fund acquired 45,342 shares of the industrial products company's stock, valued at approximately $2,271,000. Trexquant Investment LP owned approximately 0.09% of Worthington Enterprises at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. OMERS ADMINISTRATION Corp bought a new position in Worthington Enterprises in the 1st quarter worth about $561,000. Eisler Capital Management Ltd. bought a new position in Worthington Enterprises in the 1st quarter worth about $237,000. Keeley Teton Advisors LLC increased its stake in Worthington Enterprises by 168.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 14,948 shares of the industrial products company's stock worth $749,000 after acquiring an additional 9,372 shares during the last quarter. Walleye Capital LLC increased its stake in Worthington Enterprises by 134.6% in the 1st quarter. Walleye Capital LLC now owns 7,506 shares of the industrial products company's stock worth $376,000 after acquiring an additional 4,306 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in Worthington Enterprises in the 1st quarter worth about $11,769,000. Institutional investors own 51.59% of the company's stock.

Worthington Enterprises Trading Up 1.7%

Shares of WOR opened at $65.45 on Friday. The stock has a market capitalization of $3.26 billion, a P/E ratio of 34.27 and a beta of 1.20. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $70.91. The company has a quick ratio of 2.62, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $64.05 and a two-hundred day simple moving average of $55.51.

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

Worthington Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, September 15th. This is an increase 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 presently 35.60%.

Analysts Set New Price Targets

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

Worthington Enterprises Company 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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