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

Graham Capital Management L.P. increased its position in Worthington Enterprises, Inc. (NYSE:WOR) by 9.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,847 shares of the industrial products company’s stock after purchasing an additional 614 shares during the quarter. Graham Capital Management L.P.’s holdings in Worthington Enterprises were worth $275,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WOR. Quadrant Capital Group LLC lifted its position in Worthington Enterprises by 121.0% in the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 455 shares in the last quarter. Anchor Investment Management LLC bought a new position in Worthington Enterprises in the 4th quarter valued at about $40,000. Itau Unibanco Holding S.A. lifted its position in Worthington Enterprises by 41.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 501 shares in the last quarter. KBC Group NV lifted its position in Worthington Enterprises by 63.7% in the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 724 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Worthington Enterprises by 23.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company’s stock valued at $124,000 after acquiring an additional 585 shares in the last quarter. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Worthington Enterprises Price Performance

Worthington Enterprises stock opened at $59.78 on Friday. Worthington Enterprises, Inc. has a 52 week low of $37.88 and a 52 week high of $61.71. The company’s 50 day moving average price is $48.98 and its two-hundred day moving average price is $43.86. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The stock 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 posted its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The firm had revenue of $304.52 million for the quarter, compared to analysts’ expectations of $289.09 million. During the same quarter last year, the firm earned $0.80 EPS. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a “sell” rating in a research report on Thursday, April 3rd. Canaccord Genuity Group raised shares of Worthington Enterprises from a “hold” rating to a “buy” rating and raised their price target for the company from $54.00 to $67.00 in a research report on Monday, May 5th. Finally, Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Worthington Enterprises presently has a consensus rating of “Hold” and an average target price of $52.33.

About Worthington Enterprises

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.