AlphaQuest LLC Raises Stock Holdings in Worthington Enterprises, Inc. $WOR

AlphaQuest LLC raised its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 82.0% during the 4th quarter, Holdings Channel reports. The fund owned 25,122 shares of the industrial products company’s stock after purchasing an additional 11,317 shares during the period. AlphaQuest LLC’s holdings in Worthington Enterprises were worth $1,296,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. ProShare Advisors LLC raised its holdings in shares of Worthington Enterprises by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 6,114 shares of the industrial products company’s stock worth $315,000 after acquiring an additional 189 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Worthington Enterprises by 61.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 199 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Worthington Enterprises by 1.3% during the 4th quarter. State of Alaska Department of Revenue now owns 19,385 shares of the industrial products company’s stock valued at $999,000 after buying an additional 240 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Worthington Enterprises by 2.0% during the 3rd quarter. Fifth Third Bancorp now owns 13,557 shares of the industrial products company’s stock valued at $752,000 after buying an additional 267 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in Worthington Enterprises by 1.7% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 16,463 shares of the industrial products company’s stock valued at $914,000 after buying an additional 279 shares during the period. 51.59% of the stock is owned by hedge funds and other institutional investors.

Worthington Enterprises Trading Up 0.3%

NYSE WOR opened at $56.23 on Friday. The company has a market capitalization of $2.77 billion, a PE ratio of 24.99 and a beta of 1.28. The company has a fifty day moving average of $53.60 and a 200 day moving average of $54.08. Worthington Enterprises, Inc. has a 1 year low of $45.01 and a 1 year high of $70.91. 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 (NYSE:WOR) last announced its quarterly earnings results on Tuesday, March 24th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. Worthington Enterprises had a return on equity of 17.74% and a net margin of 8.42%.The company had revenue of $378.68 million during the quarter, compared to the consensus estimate of $349.41 million. During the same period in the previous year, the company posted $0.91 earnings per share. Worthington Enterprises’s revenue for the quarter was up 24.4% on a year-over-year basis. Research analysts forecast that Worthington Enterprises, Inc. will post 3.41 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The company 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 $0.19 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.4%. Worthington Enterprises’s dividend payout ratio is 33.78%.

Wall Street Analyst Weigh In

Several analysts have issued reports on WOR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a research note on Monday, April 20th. Wall Street Zen downgraded Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $69.00 price target on shares of Worthington Enterprises in a report on Thursday, March 26th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.00.

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.