Walleye Capital LLC Boosts Holdings in Worthington Enterprises, Inc. $WOR

Walleye Capital LLC raised its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 134.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,506 shares of the industrial products company’s stock after purchasing an additional 4,306 shares during the period. Walleye Capital LLC’s holdings in Worthington Enterprises were worth $376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in Worthington Enterprises by 23.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 585 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Worthington Enterprises during the first quarter valued at $256,000. GAMMA Investing LLC lifted its holdings in Worthington Enterprises by 77.2% during the first quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 716 shares in the last quarter. Mutual of America Capital Management LLC purchased a new position in Worthington Enterprises during the first quarter valued at $226,000. Finally, Y Intercept Hong Kong Ltd lifted its holdings in Worthington Enterprises by 44.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 8,794 shares of the industrial products company’s stock valued at $440,000 after purchasing an additional 2,704 shares in the last quarter. 51.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Worthington Enterprises from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 24th. The Goldman Sachs Group raised their price target on shares of Worthington Enterprises from $44.00 to $50.00 and gave the stock a “sell” rating in a research note on Thursday, June 26th. Zacks Research downgraded shares of Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Canaccord Genuity Group raised their price target on shares of Worthington Enterprises from $69.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.00.

Worthington Enterprises Price Performance

Worthington Enterprises stock opened at $64.56 on Wednesday. Worthington Enterprises, Inc. has a 12-month low of $37.88 and a 12-month high of $70.91. The stock has a market cap of $3.21 billion, a P/E ratio of 33.80 and a beta of 1.20. The company has a 50-day moving average price of $63.93 and a 200 day moving average price of $55.29. The company has a current ratio of 3.48, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Tuesday, June 24th. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.22. Worthington Enterprises had a net margin of 8.33% and a return on equity of 16.66%. The firm had revenue of $317.88 million during the quarter, compared to analysts’ expectations of $300.96 million. During the same period last year, the business earned $0.74 earnings per share. Worthington Enterprises’s revenue was down .3% compared to the same quarter last year. Sell-side analysts anticipate that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be paid a $0.19 dividend. This is a positive change from Worthington Enterprises’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.2%. Worthington Enterprises’s payout ratio is presently 35.60%.

Worthington Enterprises 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.