Voya Investment Management LLC Has $628,000 Stock Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Voya Investment Management LLC boosted its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 50.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,652 shares of the industrial products company's stock after buying an additional 5,222 shares during the period. Voya Investment Management LLC's holdings in Worthington Enterprises were worth $628,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in shares of Worthington Enterprises by 6.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,257 shares of the industrial products company's stock worth $933,000 after buying an additional 1,324 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Worthington Enterprises in the fourth quarter valued at approximately $207,000. Tower Research Capital LLC TRC raised its stake in shares of Worthington Enterprises by 23.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company's stock worth $124,000 after purchasing an additional 585 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Worthington Enterprises by 7.2% in the fourth quarter. MetLife Investment Management LLC now owns 19,281 shares of the industrial products company's stock valued at $773,000 after acquiring an additional 1,296 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Worthington Enterprises by 151.9% in the fourth quarter. Marshall Wace LLP now owns 181,650 shares of the industrial products company's stock valued at $7,286,000 after buying an additional 109,525 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company's stock.

Analyst Ratings Changes

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

Worthington Enterprises Price Performance

WOR stock traded down $1.20 during trading hours on Wednesday, hitting $60.10. 70,928 shares of the stock traded hands, compared to its average volume of 308,618. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $61.71. The company has a market cap of $3.00 billion, a P/E ratio of 72.41 and a beta of 1.18. 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 stock has a 50-day simple moving average of $47.91 and a 200 day simple moving average of $43.44.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share 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 during the quarter, compared to the consensus estimate of $289.09 million. During the same period last year, the business earned $0.80 EPS. The business's quarterly revenue was down 3.9% on a year-over-year basis. Equities analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 yield of 1.13%. Worthington Enterprises's dividend payout ratio (DPR) is currently 57.63%.

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.