Schonfeld Strategic Advisors LLC Buys Shares of 24,522 Worthington Enterprises, Inc. (NYSE:WOR)

Schonfeld Strategic Advisors LLC purchased 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 and Exchange Commission (SEC). The firm purchased 24,522 shares of the industrial products company's stock, valued at approximately $984,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in Worthington Enterprises by 9.7% in 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 acquiring an additional 156,762 shares during the last quarter. American Century Companies Inc. grew its position in shares of Worthington Enterprises by 11.5% in 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 purchasing an additional 68,363 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Worthington Enterprises by 8.1% in the fourth 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 increased its holdings in shares of Worthington Enterprises by 3.6% in the fourth 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. Finally, Northern Trust Corp lifted its position in Worthington Enterprises by 7.4% during the fourth quarter. Northern Trust Corp now owns 380,851 shares of the industrial products company's stock worth $15,276,000 after buying an additional 26,178 shares in the last quarter. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on WOR shares. The Goldman Sachs Group raised their target price on Worthington Enterprises from $39.00 to $44.00 and gave the stock a "sell" rating in a research note on Thursday, April 3rd. Canaccord Genuity Group raised shares of Worthington Enterprises from a "hold" rating to a "buy" rating and lifted their target price for the stock from $54.00 to $67.00 in a research note on Monday, May 5th. Finally, Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Worthington Enterprises has an average rating of "Hold" and an average price target of $52.33.

Worthington Enterprises Trading Up 0.6%

Shares of Worthington Enterprises stock traded up $0.35 during trading hours on Tuesday, hitting $60.84. The company's stock had a trading volume of 42,035 shares, compared to its average volume of 307,941. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 73.30 and a beta of 1.18. 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 twelve month low of $37.88 and a twelve month high of $60.89. The firm has a fifty day moving average of $47.49 and a 200-day moving average of $43.31.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The company had revenue of $304.52 million for the quarter, compared to analysts' expectations of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. Worthington Enterprises's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 earnings per share. Research analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.12%. Worthington Enterprises's payout ratio is currently 57.63%.

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.