Voya Investment Management LLC Buys 5,222 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

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

A number of other hedge funds have also modified their holdings of WOR. PDS Planning Inc raised its holdings in shares of Worthington Enterprises by 3.1% in the fourth quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company's stock worth $473,000 after acquiring an additional 356 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Worthington Enterprises by 121.0% in the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 455 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Worthington Enterprises by 23.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company's stock valued at $124,000 after purchasing an additional 585 shares during the last quarter. LPL Financial LLC increased its stake in Worthington Enterprises by 9.2% in the fourth quarter. LPL Financial LLC now owns 7,396 shares of the industrial products company's stock valued at $297,000 after purchasing an additional 624 shares during the last quarter. Finally, KBC Group NV increased its stake in Worthington Enterprises by 63.7% in the fourth quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock valued at $75,000 after purchasing an additional 724 shares during the last quarter. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Worthington Enterprises Stock Performance

Worthington Enterprises stock traded up $2.37 during mid-day trading on Monday, hitting $60.51. 337,922 shares of the company's stock traded hands, compared to its average volume of 308,980. The firm has a 50 day moving average price of $47.08 and a 200 day moving average price of $43.16. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.02 billion, a PE ratio of 72.90 and a beta of 1.18. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $60.79.

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. The business had revenue of $304.52 million for the quarter, compared to analysts' expectations of $289.09 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company's quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 EPS. On average, equities analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.12%. 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.