Y Intercept Hong Kong Ltd Sells 3,579 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Y Intercept Hong Kong Ltd cut its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 37.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,090 shares of the industrial products company’s stock after selling 3,579 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Worthington Enterprises were worth $244,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WOR. Pacer Advisors Inc. boosted its stake in shares of Worthington Enterprises by 9.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company’s stock valued at $71,032,000 after purchasing an additional 156,762 shares in the last quarter. Geode Capital Management LLC boosted its position in Worthington Enterprises by 3.3% during the third quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company’s stock valued at $33,739,000 after buying an additional 25,824 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Worthington Enterprises by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 493,280 shares of the industrial products company’s stock valued at $20,446,000 after buying an additional 18,480 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Worthington Enterprises by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 151,998 shares of the industrial products company’s stock worth $6,097,000 after buying an additional 4,803 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Worthington Enterprises by 90.7% in 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 during the last quarter. 51.59% of the stock is owned by hedge funds and other institutional investors.

Worthington Enterprises Price Performance

WOR opened at $39.60 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. The stock has a market capitalization of $1.98 billion, a PE ratio of 47.71 and a beta of 1.24. The stock’s 50 day moving average price is $41.60 and its 200-day moving average price is $41.73. Worthington Enterprises, Inc. has a 52-week low of $37.88 and a 52-week high of $69.96.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $274.05 million during the quarter, compared to the consensus estimate of $273.77 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. Worthington Enterprises’s revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, equities research analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 1.72%. Worthington Enterprises’s dividend payout ratio is presently 81.93%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WOR shares. Seaport Res Ptn upgraded shares of Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. Canaccord Genuity Group boosted their price objective on shares of Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $46.00.

About Worthington Enterprises

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.