Graham Capital Management L.P. Has $275,000 Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Graham Capital Management L.P. lifted its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,847 shares of the industrial products company’s stock after buying an additional 614 shares during the period. Graham Capital Management L.P.’s holdings in Worthington Enterprises were worth $275,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WOR. Pacer Advisors Inc. increased its holdings in Worthington Enterprises by 9.7% in the fourth 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 during the period. Balyasny Asset Management L.P. increased its holdings in Worthington Enterprises by 236.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 222,281 shares of the industrial products company’s stock valued at $8,916,000 after purchasing an additional 156,173 shares during the period. Fisher Asset Management LLC increased its holdings in Worthington Enterprises by 187.9% in the fourth quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company’s stock valued at $8,114,000 after purchasing an additional 132,040 shares during the period. Lord Abbett & CO. LLC increased its holdings in Worthington Enterprises by 132.4% in the fourth quarter. Lord Abbett & CO. LLC now owns 205,330 shares of the industrial products company’s stock valued at $8,236,000 after purchasing an additional 116,964 shares during the period. Finally, Marshall Wace LLP increased its holdings in Worthington Enterprises by 151.9% in the fourth quarter. Marshall Wace LLP now owns 181,650 shares of the industrial products company’s stock valued at $7,286,000 after purchasing an additional 109,525 shares during the period. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Worthington Enterprises Stock Performance

Shares of Worthington Enterprises stock opened at $59.78 on Friday. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $48.98 and a two-hundred day moving average price of $43.86. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $61.71. The company has a market cap of $2.98 billion, a P/E ratio of 72.02 and a beta of 1.18.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, topping 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 firm had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. During the same period last year, the business posted $0.80 EPS. The business’s revenue was down 3.9% compared to the same quarter last year. As a group, analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.14%. Worthington Enterprises’s dividend payout ratio is presently 57.63%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WOR. Canaccord Genuity Group upgraded Worthington Enterprises from a “hold” rating to a “buy” rating and increased their price objective for the company from $54.00 to $67.00 in a report on Monday, May 5th. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group increased their price objective on Worthington Enterprises from $39.00 to $44.00 and gave the company a “sell” rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.