Dark Forest Capital Management LP Sells 3,861 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Dark Forest Capital Management LP lessened its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 10.5% during the 4th quarter, HoldingsChannel reports. The fund owned 33,078 shares of the industrial products company’s stock after selling 3,861 shares during the quarter. Dark Forest Capital Management LP’s holdings in Worthington Enterprises were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of WOR. Quadrant Capital Group LLC lifted its position in Worthington Enterprises by 121.0% during the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 455 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Worthington Enterprises in the fourth quarter worth about $40,000. KBC Group NV lifted its position in shares of Worthington Enterprises by 63.7% during the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock valued at $75,000 after buying an additional 724 shares in the last quarter. Tower Research Capital LLC TRC lifted its position 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 valued at $124,000 after buying an additional 585 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Worthington Enterprises during the 4th quarter valued at approximately $205,000. Institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Trading Up 2.9 %

WOR stock opened at $47.78 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $60.71. The business has a 50 day simple moving average of $44.40 and a two-hundred day simple moving average of $42.03. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 57.56 and a beta of 1.06.

Worthington Enterprises (NYSE:WOR) last issued its 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. The firm had revenue of $304.52 million during the quarter, compared to analyst estimates of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. Worthington Enterprises’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. Research analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.42%. Worthington Enterprises’s payout ratio is 57.63%.

Wall Street Analyst Weigh In

WOR has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised their target price on shares of Worthington Enterprises from $49.00 to $54.00 and gave the stock a “hold” rating in a research note on Thursday, March 27th. The Goldman Sachs Group raised their price objective 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. Finally, Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $48.00.

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.