Two Sigma Advisers LP Acquires Shares of 10,500 Worthington Enterprises, Inc. (NYSE:WOR)

Two Sigma Advisers LP purchased a new stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,500 shares of the industrial products company's stock, valued at approximately $421,000.

Other hedge funds have also modified their holdings of the company. State of Wyoming acquired a new position in shares of Worthington Enterprises during the fourth quarter valued at about $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Worthington Enterprises by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,911 shares of the industrial products company's stock worth $718,000 after buying an additional 639 shares during the period. Lazard Asset Management LLC increased its holdings in Worthington Enterprises by 1,178.9% in the 4th quarter. Lazard Asset Management LLC now owns 15,782 shares of the industrial products company's stock worth $633,000 after buying an additional 14,548 shares during the period. Graham Capital Management L.P. increased its holdings in Worthington Enterprises by 9.9% in the 4th quarter. Graham Capital Management L.P. now owns 6,847 shares of the industrial products company's stock worth $275,000 after buying an additional 614 shares during the period. Finally, Ethic Inc. acquired a new position in Worthington Enterprises in the 4th quarter worth approximately $284,000. 51.59% of the stock is owned by hedge funds and other institutional investors.

Worthington Enterprises Price Performance

Shares of NYSE:WOR traded down $0.31 during midday trading on Thursday, reaching $59.28. 161,231 shares of the company's stock traded hands, compared to its average volume of 311,553. Worthington Enterprises, Inc. has a 1 year low of $37.88 and a 1 year high of $61.71. The company has a market cap of $2.96 billion, a P/E ratio of 71.42 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. The company has a fifty day simple moving average of $53.25 and a two-hundred day simple moving average of $45.60.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. During the same quarter last year, the firm posted $0.80 EPS. The business's revenue was down 3.9% on a year-over-year basis. Equities analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.15%. Worthington Enterprises's payout ratio is currently 57.63%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group raised shares of Worthington Enterprises from a "hold" rating to a "buy" rating and raised their price objective for the stock from $54.00 to $67.00 in a research note on Monday, May 5th. The Goldman Sachs Group raised 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $52.33.

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.