Occudo Quantitative Strategies LP Sells 13,816 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Occudo Quantitative Strategies LP cut its holdings in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 50.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,429 shares of the industrial products company's stock after selling 13,816 shares during the quarter. Occudo Quantitative Strategies LP's holdings in Worthington Enterprises were worth $539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its position in shares of Worthington Enterprises by 23.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company's stock worth $124,000 after buying an additional 585 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Worthington Enterprises during the fourth quarter valued at about $478,000. Amundi raised its stake in Worthington Enterprises by 170.3% in the fourth quarter. Amundi now owns 15,777 shares of the industrial products company's stock worth $625,000 after buying an additional 9,941 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Worthington Enterprises by 90.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company's stock valued at $5,725,000 after acquiring an additional 65,685 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Worthington Enterprises by 113.7% during the 4th quarter. Victory Capital Management Inc. now owns 29,814 shares of the industrial products company's stock valued at $1,196,000 after acquiring an additional 15,864 shares in the last quarter. Hedge funds and other institutional investors own 51.59% of the company's stock.

Analysts Set New Price Targets

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

Worthington Enterprises Stock Down 0.2%

Shares of NYSE WOR traded down $0.13 on Tuesday, reaching $59.71. 22,377 shares of the company's stock traded hands, compared to its average volume of 361,991. The business's 50 day simple moving average is $49.37 and its two-hundred day simple moving average is $44.04. Worthington Enterprises, Inc. has a 12 month low of $37.88 and a 12 month high of $61.71. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 71.94 and a beta of 1.18. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32.

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

Worthington Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.14%. Worthington Enterprises's dividend payout ratio is presently 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.