Two Sigma Investments LP Reduces Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

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

Several other large investors have also bought and sold shares of WOR. American Century Companies Inc. grew its holdings in shares of Worthington Enterprises by 11.5% during the fourth quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company's stock valued at $26,559,000 after buying an additional 68,363 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Worthington Enterprises by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 533,276 shares of the industrial products company's stock valued at $21,390,000 after purchasing an additional 39,996 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Worthington Enterprises by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 414,546 shares of the industrial products company's stock valued at $16,627,000 after purchasing an additional 14,328 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Worthington Enterprises by 7.4% in the 4th quarter. Northern Trust Corp now owns 380,851 shares of the industrial products company's stock worth $15,276,000 after purchasing an additional 26,178 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of Worthington Enterprises by 236.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 222,281 shares of the industrial products company's stock worth $8,916,000 after purchasing an additional 156,173 shares during the last quarter. 51.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on WOR. The Goldman Sachs Group increased their price objective on Worthington Enterprises from $39.00 to $44.00 and gave the company a "sell" rating in a research report on Thursday, April 3rd. Canaccord Genuity Group upgraded shares of Worthington Enterprises from a "hold" rating to a "buy" rating and lifted their price target for the stock from $54.00 to $67.00 in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $52.33.

Worthington Enterprises Stock Performance

WOR stock traded up $0.34 during midday trading on Tuesday, reaching $61.13. 161,473 shares of the company's stock traded hands, compared to its average volume of 312,394. The company has a current ratio of 3.56, a quick ratio of 2.50 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 $61.81. The stock has a market cap of $3.05 billion, a P/E ratio of 73.65 and a beta of 1.19. The stock's 50-day moving average is $53.90 and its 200 day moving average is $46.09.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. The firm had revenue of $304.52 million during the quarter, compared to analyst estimates 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 was down 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. As a group, analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.11%. Worthington Enterprises's dividend payout ratio is 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.