Worthington Enterprises, Inc. $WOR Position Trimmed by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL decreased its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 61.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,077 shares of the industrial products company’s stock after selling 27,651 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Worthington Enterprises were worth $948,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Windsor Advisory Group LLC acquired a new stake in shares of Worthington Enterprises during the 3rd quarter valued at $16,319,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Worthington Enterprises by 377.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 288,222 shares of the industrial products company’s stock worth $18,342,000 after acquiring an additional 227,792 shares during the last quarter. Millennium Management LLC raised its position in shares of Worthington Enterprises by 54.9% during the first quarter. Millennium Management LLC now owns 352,486 shares of the industrial products company’s stock worth $17,656,000 after purchasing an additional 124,867 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Worthington Enterprises during the third quarter worth $6,438,000. Finally, Invesco Ltd. lifted its holdings in shares of Worthington Enterprises by 72.7% during the third quarter. Invesco Ltd. now owns 272,619 shares of the industrial products company’s stock valued at $15,128,000 after purchasing an additional 114,779 shares during the last quarter. Institutional investors own 51.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on WOR shares. Wall Street Zen upgraded Worthington Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Canaccord Genuity Group restated a “buy” rating and set a $69.00 price objective on shares of Worthington Enterprises in a report on Thursday, March 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Worthington Enterprises currently has an average rating of “Hold” and an average price target of $61.00.

Worthington Enterprises Price Performance

Shares of NYSE:WOR opened at $51.15 on Tuesday. The company’s fifty day moving average is $53.75 and its two-hundred day moving average is $54.80. The company has a market cap of $2.53 billion, a P/E ratio of 22.73 and a beta of 1.32. Worthington Enterprises, Inc. has a 12-month low of $43.35 and a 12-month high of $70.91. The company has a quick ratio of 1.44, a current ratio of 2.36 and a debt-to-equity ratio of 0.31.

Worthington Enterprises (NYSE:WOR) last issued its earnings results on Tuesday, March 24th. The industrial products company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.95 by $0.03. Worthington Enterprises had a return on equity of 17.74% and a net margin of 8.42%.The business had revenue of $378.68 million during the quarter, compared to analysts’ expectations of $349.41 million. During the same quarter last year, the firm posted $0.91 earnings per share. Worthington Enterprises’s revenue was up 24.4% compared to the same quarter last year. Equities analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, June 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.5%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 33.78%.

Worthington Enterprises Profile

Worthington Enterprises (NYSE:WOR) is a diversified metal manufacturing company that produces pressure vessels, engineered assemblies and fabricated metal products. The company’s portfolio includes the design and manufacture of cylinders for compressed gases, such as propane, natural gas and hydrogen, as well as transport tanks and other pressure-containment solutions for the industrial gas, energy and transportation markets. In addition to its pressure vessel operations, Worthington Enterprises offers metal processing and distribution services, supplying coil, sheet and plate products to customers across multiple industries.

Founded in 1955 and headquartered in Columbus, Ohio, Worthington Enterprises has grown from a single steel processing facility into a multi‐division organization with operations in the United States, Canada and Mexico.