GAMMA Investing LLC Acquires 81,420 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

GAMMA Investing LLC boosted its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 8,773.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,348 shares of the industrial products company’s stock after buying an additional 81,420 shares during the period. GAMMA Investing LLC owned approximately 0.16% of Worthington Enterprises worth $4,125,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. PDS Planning Inc increased its position in Worthington Enterprises by 3.1% during the fourth quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company’s stock worth $473,000 after acquiring an additional 356 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Worthington Enterprises by 121.0% during the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 455 shares during the period. Itau Unibanco Holding S.A. increased its holdings in shares of Worthington Enterprises by 41.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 501 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Worthington Enterprises by 23.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 585 shares during the period. Finally, Graham Capital Management L.P. increased its holdings in shares of Worthington Enterprises by 9.9% during the 4th quarter. Graham Capital Management L.P. now owns 6,847 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 614 shares during the period. 51.59% of the stock is owned by institutional investors.

Worthington Enterprises Stock Performance

NYSE WOR opened at $61.13 on Wednesday. The stock has a market cap of $3.05 billion, a P/E ratio of 73.65 and a beta of 1.19. The company’s 50-day simple moving average is $53.90 and its 200 day simple moving average is $46.09. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $61.71. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. During the same period in the prior year, the company posted $0.80 EPS. The company’s revenue was down 3.9% compared to the same quarter last year. As a group, research analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.11%. Worthington Enterprises’s dividend payout ratio (DPR) is 57.63%.

Analysts Set New Price Targets

WOR has been the topic of several research reports. Canaccord Genuity Group upgraded Worthington Enterprises from a “hold” rating to a “buy” rating and boosted their price target for the company from $54.00 to $67.00 in a research note on Monday, May 5th. The Goldman Sachs Group boosted their price objective on Worthington Enterprises from $39.00 to $44.00 and gave the company a “sell” rating in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Worthington Enterprises currently has an average rating of “Hold” and a consensus target price of $52.33.

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.