Lido Advisors LLC Invests $2.32 Million in Worthington Enterprises, Inc. (NYSE:WOR)

Lido Advisors LLC bought a new position in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 57,766 shares of the industrial products company's stock, valued at approximately $2,317,000. Lido Advisors LLC owned approximately 0.12% of Worthington Enterprises at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in Worthington Enterprises in the 4th quarter worth about $478,000. Amundi lifted its stake in shares of Worthington Enterprises by 170.3% in the fourth quarter. Amundi now owns 15,777 shares of the industrial products company's stock worth $625,000 after buying an additional 9,941 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Worthington Enterprises by 90.7% during the third quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company's stock valued at $5,725,000 after buying an additional 65,685 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Worthington Enterprises by 113.7% during the fourth quarter. Victory Capital Management Inc. now owns 29,814 shares of the industrial products company's stock valued at $1,196,000 after acquiring an additional 15,864 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Worthington Enterprises by 9.7% in the 4th quarter. Rhumbline Advisers now owns 107,490 shares of the industrial products company's stock worth $4,311,000 after acquiring an additional 9,539 shares during the last quarter. 51.59% of the stock is owned by institutional investors.

Worthington Enterprises Stock Performance

Shares of WOR stock traded up $0.95 on Friday, reaching $52.10. The stock had a trading volume of 232,323 shares, compared to its average volume of 306,070. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. Worthington Enterprises, Inc. has a 1 year low of $37.88 and a 1 year high of $60.71. The stock has a market cap of $2.60 billion, a P/E ratio of 62.77 and a beta of 1.06. The company has a 50 day simple moving average of $45.52 and a 200 day simple moving average of $42.57.

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, topping the consensus estimate of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The business had revenue of $304.52 million for the quarter, compared to analysts' expectations of $289.09 million. During the same period last year, the firm posted $0.80 earnings per share. The business's revenue for the quarter was down 3.9% on a year-over-year basis. Equities research analysts expect that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.31%. Worthington Enterprises's dividend payout ratio (DPR) is 57.63%.

Analysts Set New Price Targets

Several analysts have commented on the company. Canaccord Genuity Group increased their target price on Worthington Enterprises from $49.00 to $54.00 and gave the company a "hold" rating in a research note on Thursday, March 27th. Seaport Res Ptn raised Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group boosted their target price on Worthington Enterprises from $39.00 to $44.00 and gave the stock a "sell" rating in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Worthington Enterprises presently has an average rating of "Hold" and a consensus target price of $48.00.

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.