Aigen Investment Management LP Buys Shares of 5,107 Worthington Enterprises, Inc. (NYSE:WOR)

Aigen Investment Management LP bought a new stake in Worthington Enterprises, Inc. (NYSE:WOR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,107 shares of the industrial products company’s stock, valued at approximately $205,000.

A number of other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in 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 during the last quarter. Fisher Asset Management LLC raised its position in shares of 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 buying an additional 132,040 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Worthington Enterprises in the third quarter worth about $3,663,000. JPMorgan Chase & Co. boosted its position in Worthington Enterprises by 90.7% during the third quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company’s stock worth $5,725,000 after acquiring an additional 65,685 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Worthington Enterprises during the third quarter worth about $1,764,000. 51.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Worthington Enterprises Stock Up 4.3 %

Shares of NYSE:WOR opened at $42.14 on Monday. The business has a 50-day moving average price of $41.60 and a 200 day moving average price of $41.64. Worthington Enterprises, Inc. has a 12-month low of $37.88 and a 12-month high of $69.96. 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 company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 50.78 and a beta of 1.21.

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, beating analysts’ consensus estimates of $0.52 by $0.08. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The business had revenue of $274.05 million for the quarter, compared to the consensus estimate of $273.77 million. During the same period in the previous year, the firm earned $0.78 EPS. The business’s revenue was down 8.1% on a year-over-year basis. Sell-side analysts expect 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. Shareholders of record on Friday, March 14th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Friday, March 14th. Worthington Enterprises’s dividend payout ratio (DPR) is 81.93%.

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.