Aigen Investment Management LP Makes New $205,000 Investment in Worthington Enterprises, Inc. (NYSE:WOR)

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

A number of other large investors have also recently made changes to their positions in WOR. KBC Group NV lifted its position in Worthington Enterprises by 45.1% during the 3rd quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 353 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Worthington Enterprises in the third quarter worth about $85,000. Point72 DIFC Ltd acquired a new stake in shares of Worthington Enterprises during the third quarter worth about $110,000. Point72 Hong Kong Ltd purchased a new stake in Worthington Enterprises in the third quarter valued at approximately $124,000. Finally, Point72 Asset Management L.P. acquired a new position in Worthington Enterprises in the 3rd quarter worth approximately $199,000. 51.59% of the stock is owned by hedge funds and other institutional investors.

Worthington Enterprises Stock Up 4.3 %

Shares of WOR stock opened at $42.14 on Monday. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $69.96. The stock has a market cap of $2.11 billion, a P/E ratio of 50.78 and a beta of 1.21. The stock has a 50 day moving average of $41.60 and a 200 day moving average of $41.64. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32.

Worthington Enterprises (NYSE:WOR) last posted its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The firm had revenue of $274.05 million during the quarter, compared to analyst estimates of $273.77 million. During the same period in the previous year, the firm earned $0.78 EPS. The business’s quarterly revenue was down 8.1% on a year-over-year basis. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.61%. Worthington Enterprises’s dividend payout ratio (DPR) is currently 81.93%.

Analyst Ratings Changes

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

Worthington Enterprises Company 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.