Capitolis Liquid Global Markets LLC Purchases Shares of 97,200 Worthington Enterprises, Inc. $WOR

Capitolis Liquid Global Markets LLC purchased a new position in shares of Worthington Enterprises, Inc. (NYSE:WOR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 97,200 shares of the industrial products company’s stock, valued at approximately $5,394,000. Capitolis Liquid Global Markets LLC owned about 0.20% of Worthington Enterprises as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its position in Worthington Enterprises by 61.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock worth $29,000 after buying an additional 199 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Worthington Enterprises by 693.6% during the second quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 541 shares in the last quarter. Amplify Investments LLC raised its stake in shares of Worthington Enterprises by 27.7% during the third quarter. Amplify Investments LLC now owns 1,484 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 322 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in shares of Worthington Enterprises in the 3rd quarter worth approximately $107,000. Finally, Caldwell Trust Co bought a new stake in shares of Worthington Enterprises in the 2nd quarter worth approximately $112,000. 51.59% of the stock is currently owned by institutional investors.

Worthington Enterprises Stock Performance

Shares of WOR stock opened at $47.22 on Monday. The company has a market capitalization of $2.34 billion, a P/E ratio of 22.27 and a beta of 1.32. Worthington Enterprises, Inc. has a fifty-two week low of $39.05 and a fifty-two week high of $70.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.26 and a current ratio of 3.26. The stock has a 50 day moving average price of $54.58 and a two-hundred day moving average price of $56.02.

Worthington Enterprises (NYSE:WOR) last issued its earnings results on Tuesday, December 16th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.06). Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.46%.The firm had revenue of $327.45 million during the quarter, compared to the consensus estimate of $310.60 million. During the same quarter in the prior year, the business posted $0.60 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. Analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, March 13th. Worthington Enterprises’s payout ratio is currently 35.85%.

Wall Street Analyst Weigh In

Several research firms recently commented on WOR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday, January 21st. Canaccord Genuity Group lowered their price target on shares of Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, December 18th. Finally, Wall Street Zen upgraded shares of Worthington Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $61.00.

Worthington Enterprises Company Profile

Worthington Enterprises (NYSE:WOR) is a diversified metal manufacturing company that produces pressure vessels, engineered assemblies and fabricated metal products. The company’s portfolio includes the design and manufacture of cylinders for compressed gases, such as propane, natural gas and hydrogen, as well as transport tanks and other pressure-containment solutions for the industrial gas, energy and transportation markets. In addition to its pressure vessel operations, Worthington Enterprises offers metal processing and distribution services, supplying coil, sheet and plate products to customers across multiple industries.

Founded in 1955 and headquartered in Columbus, Ohio, Worthington Enterprises has grown from a single steel processing facility into a multi‐division organization with operations in the United States, Canada and Mexico.