Two Sigma Investments LP Has $839,000 Stake in Worthington Enterprises, Inc. (NYSE:WOR)

Two Sigma Investments LP lessened its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 38.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,912 shares of the industrial products company's stock after selling 12,976 shares during the period. Two Sigma Investments LP's holdings in Worthington Enterprises were worth $839,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WOR. State of Wyoming acquired a new stake in shares of Worthington Enterprises in the 4th quarter valued at approximately $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Worthington Enterprises by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,911 shares of the industrial products company's stock worth $718,000 after purchasing an additional 639 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Worthington Enterprises by 1,178.9% during the fourth 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 in the last quarter. Graham Capital Management L.P. raised its stake in Worthington Enterprises by 9.9% in the fourth quarter. Graham Capital Management L.P. now owns 6,847 shares of the industrial products company's stock valued at $275,000 after purchasing an additional 614 shares in the last quarter. Finally, Ethic Inc. acquired a new position in Worthington Enterprises in the fourth quarter valued at about $284,000. Institutional investors own 51.59% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WOR. Canaccord Genuity Group raised Worthington Enterprises from a "hold" rating to a "buy" rating and upped their price objective for the company from $54.00 to $67.00 in a research note on Monday, May 5th. The Goldman Sachs Group raised their target price on Worthington Enterprises from $39.00 to $44.00 and gave the company a "sell" rating in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Worthington Enterprises presently has an average rating of "Hold" and an average target price of $52.33.

Worthington Enterprises Stock Up 1.5%

Shares of NYSE WOR opened at $60.20 on Friday. The company has a market cap of $3.01 billion, a P/E ratio of 72.53 and a beta of 1.19. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $53.45 and a two-hundred day simple moving average of $45.75. 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 announced its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The company had revenue of $304.52 million for the quarter, compared to analysts' expectations of $289.09 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. Worthington Enterprises's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.80 EPS. Research analysts anticipate that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.13%. Worthington Enterprises's dividend payout ratio is 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.

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