Quantbot Technologies LP Makes New $264,000 Investment in Worthington Enterprises, Inc. (NYSE:WOR)

Quantbot Technologies LP bought a new position in shares of Worthington Enterprises, Inc. (NYSE:WOR) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 6,583 shares of the industrial products company’s stock, valued at approximately $264,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. KBC Group NV grew its holdings in Worthington Enterprises by 63.7% during 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 period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Worthington Enterprises during the third quarter worth $85,000. Point72 DIFC Ltd acquired a new position in shares of Worthington Enterprises in the 3rd quarter valued at $110,000. Point72 Hong Kong Ltd bought a new stake in shares of Worthington Enterprises in the 3rd quarter valued at $124,000. Finally, Point72 Asset Management L.P. acquired a new stake in Worthington Enterprises during the 3rd quarter worth $199,000. 51.59% of the stock is owned by institutional investors.

Worthington Enterprises Stock Performance

WOR opened at $50.44 on Friday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 60.77 and a beta of 1.21. The business’s 50-day moving average price is $42.39 and its two-hundred day moving average price is $41.49. Worthington Enterprises, Inc. has a 1 year low of $37.88 and a 1 year high of $62.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50.

Worthington Enterprises (NYSE:WOR) last announced its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The business had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. During the same quarter last year, the firm earned $0.80 EPS. Worthington Enterprises’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities analysts expect that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.35%. Worthington Enterprises’s payout ratio is 57.63%.

Analyst Upgrades and Downgrades

WOR has been the subject of a number of research analyst reports. Seaport Res Ptn raised Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group increased their target price on Worthington Enterprises from $49.00 to $54.00 and gave the stock a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $47.67.

Worthington Enterprises Company 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.