Marshall Wace LLP Buys 109,525 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Marshall Wace LLP raised its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 151.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 181,650 shares of the industrial products company's stock after purchasing an additional 109,525 shares during the quarter. Marshall Wace LLP owned approximately 0.36% of Worthington Enterprises worth $7,286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in Worthington Enterprises by 9.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company's stock valued at $71,032,000 after purchasing an additional 156,762 shares during the period. Geode Capital Management LLC increased its position in Worthington Enterprises by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company's stock valued at $33,739,000 after purchasing an additional 25,824 shares during the period. American Century Companies Inc. increased its position in Worthington Enterprises by 11.5% during the 4th quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company's stock valued at $26,559,000 after purchasing an additional 68,363 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of 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 worth $21,390,000 after buying an additional 39,996 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of 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 worth $16,627,000 after buying an additional 14,328 shares during the period. Institutional investors and hedge funds own 51.59% of the company's stock.

Worthington Enterprises Stock Up 0.4 %

Shares of WOR traded up $0.22 during trading hours on Monday, reaching $49.97. The stock had a trading volume of 191,587 shares, compared to its average volume of 305,239. Worthington Enterprises, Inc. has a 12 month low of $37.88 and a 12 month high of $60.71. The firm has a 50-day simple moving average of $44.86 and a 200 day simple moving average of $42.29. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 60.21 and a beta of 1.06.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping 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 company had revenue of $304.52 million for the quarter, compared to analysts' expectations of $289.09 million. During the same period last year, the business earned $0.80 EPS. Worthington Enterprises's quarterly revenue was down 3.9% compared to the same quarter last year. Equities research analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal 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 dividend on an annualized basis and a dividend yield of 1.36%. Worthington Enterprises's dividend payout ratio is currently 57.63%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Canaccord Genuity Group raised their price objective on shares of Worthington Enterprises from $49.00 to $54.00 and gave the stock a "hold" rating in a research report on Thursday, March 27th. 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 report on Thursday, April 3rd. Finally, Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently 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.