Assenagon Asset Management S.A. Takes $2.08 Million Position in Worthington Enterprises, Inc. (NYSE:WOR)

Assenagon Asset Management S.A. bought a new stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 33,411 shares of the industrial products company's stock, valued at approximately $2,079,000. Assenagon Asset Management S.A. owned about 0.07% of Worthington Enterprises as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WOR. Headlands Technologies LLC bought a new position in Worthington Enterprises in the 3rd quarter valued at $31,000. Millburn Ridgefield Corp grew its stake in shares of Worthington Enterprises by 55.7% during the fourth quarter. Millburn Ridgefield Corp now owns 576 shares of the industrial products company's stock worth $33,000 after purchasing an additional 206 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Worthington Enterprises during the fourth quarter worth $53,000. Neo Ivy Capital Management acquired a new stake in shares of Worthington Enterprises during the fourth quarter worth $81,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in Worthington Enterprises in the third quarter valued at about $97,000. Institutional investors and hedge funds own 51.59% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on WOR. Canaccord Genuity Group boosted their target price on Worthington Enterprises from $56.00 to $64.00 and gave the company a "hold" rating in a research note on Monday, March 25th. The Goldman Sachs Group boosted their target price on Worthington Enterprises from $50.00 to $56.00 and gave the company a "sell" rating in a research note on Friday, March 22nd. StockNews.com cut Worthington Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, March 22nd. Finally, Canaccord Genuity Group started coverage on Worthington Enterprises in a report on Tuesday, January 30th. They issued a "hold" rating and a $56.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $61.00.

Insider Buying and Selling at Worthington Enterprises

In other news, Director Michael J. Endres sold 66,000 shares of the company's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $64.26, for a total value of $4,241,160.00. Following the transaction, the director now owns 76,689 shares of the company's stock, valued at $4,928,035.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Michael J. Endres sold 66,000 shares of the company's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $64.26, for a total value of $4,241,160.00. Following the transaction, the director now owns 76,689 shares of the company's stock, valued at $4,928,035.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $62.25, for a total value of $62,250.00. Following the completion of the transaction, the director now directly owns 41,688 shares in the company, valued at approximately $2,595,078. The disclosure for this sale can be found here. Insiders have sold 68,000 shares of company stock worth $4,364,750 over the last 90 days. Company insiders own 38.50% of the company's stock.

Worthington Enterprises Stock Performance

NYSE:WOR traded up $0.42 on Tuesday, hitting $58.61. The company's stock had a trading volume of 154,695 shares, compared to its average volume of 279,007. The company has a current ratio of 3.42, a quick ratio of 2.47 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average of $60.08 and a two-hundred day moving average of $59.56. The firm has a market capitalization of $2.94 billion, a P/E ratio of 10.71 and a beta of 1.39. Worthington Enterprises, Inc. has a one year low of $34.36 and a one year high of $69.96.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its quarterly earnings data on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.44). The business had revenue of $316.76 million during the quarter, compared to the consensus estimate of $326.70 million. Worthington Enterprises had a net margin of 7.12% and a return on equity of 19.40%. Worthington Enterprises's quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS.

Worthington Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.16 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.64 annualized dividend and a yield of 1.09%. Worthington Enterprises's dividend payout ratio is 11.70%.

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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