SG Americas Securities LLC Purchases 14,566 Shares of Worthington Enterprises, Inc. $WOR

SG Americas Securities LLC increased its position in Worthington Enterprises, Inc. (NYSE:WOR) by 114.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 27,291 shares of the industrial products company’s stock after acquiring an additional 14,566 shares during the quarter. SG Americas Securities LLC’s holdings in Worthington Enterprises were worth $1,407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WOR. Nordea Investment Management AB bought a new stake in shares of Worthington Enterprises in the fourth quarter valued at approximately $2,914,000. Essex Investment Management Co. LLC purchased a new position in Worthington Enterprises in the 3rd quarter valued at approximately $3,059,000. Fisher Asset Management LLC grew its stake in Worthington Enterprises by 19.4% in the 3rd quarter. Fisher Asset Management LLC now owns 343,591 shares of the industrial products company’s stock valued at $19,066,000 after buying an additional 55,917 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Worthington Enterprises by 377.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 288,222 shares of the industrial products company’s stock valued at $18,342,000 after acquiring an additional 227,792 shares during the period. Finally, Quantedge Capital Pte Ltd bought a new stake in Worthington Enterprises during the 2nd quarter valued at $1,546,000. 51.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Worthington Enterprises Stock Performance

NYSE WOR opened at $52.07 on Tuesday. The company’s 50 day simple moving average is $53.65 and its two-hundred day simple moving average is $54.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.36 and a quick ratio of 1.44. Worthington Enterprises, Inc. has a 1 year low of $43.35 and a 1 year high of $70.91. The stock has a market capitalization of $2.58 billion, a PE ratio of 23.14 and a beta of 1.32.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Tuesday, March 24th. The industrial products company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. The firm had revenue of $378.68 million during the quarter, compared to analyst estimates of $349.41 million. Worthington Enterprises had a net margin of 8.42% and a return on equity of 17.74%. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. Analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

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

Worthington Enterprises Company 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.