XTX Topco Ltd Increases Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

Key Points

• XTX Topco Ltd increased its stake in Worthington Enterprises by 55.3% during Q1, owning 16,876 shares valued at $845,000.
• Worthington Enterprises recently increased its quarterly dividend to $0.19 per share, representing a 1.2% yield and demonstrating a positive shift in shareholder returns.
• The company posted earnings of $1.06 per share for the latest quarter, exceeding analysts' expectations, with total revenue of $317.88 million.

XTX Topco Ltd boosted its position in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 55.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,876 shares of the industrial products company's stock after buying an additional 6,010 shares during the quarter. XTX Topco Ltd's holdings in Worthington Enterprises were worth $845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Quadrant Capital Group LLC boosted its holdings in Worthington Enterprises by 121.0% during the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 455 shares during the period. Anchor Investment Management LLC bought a new position in shares of Worthington Enterprises in the fourth quarter worth approximately $40,000. State of Wyoming purchased a new position in shares of Worthington Enterprises in the fourth quarter worth $51,000. GAMMA Investing LLC boosted its position in Worthington Enterprises by 77.2% during the 1st quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company's stock valued at $82,000 after buying an additional 716 shares during the period. Finally, Itau Unibanco Holding S.A. grew its holdings in Worthington Enterprises by 41.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock worth $68,000 after acquiring an additional 501 shares during the last quarter. 51.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WOR shares. The Goldman Sachs Group upped their price objective on shares of Worthington Enterprises from $44.00 to $50.00 and gave the stock a "sell" rating in a report on Thursday, June 26th. Canaccord Genuity Group boosted their target price on shares of Worthington Enterprises from $69.00 to $81.00 and gave the company a "buy" rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $59.00.

Worthington Enterprises Stock Down 0.1%

Shares of NYSE:WOR traded down $0.05 during trading on Thursday, reaching $63.29. 70,822 shares of the stock traded hands, compared to its average volume of 329,675. Worthington Enterprises, Inc. has a 52-week low of $37.88 and a 52-week high of $70.91. The stock has a 50-day moving average of $61.77 and a two-hundred day moving average of $52.17. The stock has a market cap of $3.15 billion, a P/E ratio of 33.13 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.48.

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, beating 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 during the quarter, compared to analysts' expectations of $300.96 million. During the same period in the previous year, the company earned $0.74 earnings per share. The firm's quarterly revenue was down .3% on a year-over-year basis. As a group, sell-side analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.2%. Worthington Enterprises's dividend payout ratio is presently 35.60%.

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.