Balyasny Asset Management L.P. Buys 156,173 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Balyasny Asset Management L.P. increased its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 236.2% during the 4th quarter, Holdings Channel reports. The fund owned 222,281 shares of the industrial products company’s stock after buying an additional 156,173 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Worthington Enterprises were worth $8,916,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bastion Asset Management Inc. acquired a new stake in shares of Worthington Enterprises during the fourth quarter worth about $3,455,000. Itau Unibanco Holding S.A. boosted its holdings in shares of Worthington Enterprises by 41.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company’s stock valued at $68,000 after buying an additional 501 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in shares of Worthington Enterprises during the fourth quarter worth $984,000. Lido Advisors LLC acquired a new stake in shares of Worthington Enterprises during the fourth quarter worth $2,317,000. Finally, Northern Trust Corp lifted its position in Worthington Enterprises by 7.4% in the 4th quarter. Northern Trust Corp now owns 380,851 shares of the industrial products company’s stock valued at $15,276,000 after acquiring an additional 26,178 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Worthington Enterprises Trading Down 0.0 %

Shares of Worthington Enterprises stock opened at $58.21 on Friday. Worthington Enterprises, Inc. has a 12-month low of $37.88 and a 12-month high of $60.55. 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 business’s 50 day moving average is $47.08 and its 200-day moving average is $43.10. The stock has a market cap of $2.91 billion, a P/E ratio of 70.13 and a beta of 1.18.

Worthington Enterprises (NYSE:WOR) last issued 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 return on equity of 14.70% and a net margin of 3.66%. The company had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. During the same period in the previous year, the company posted $0.80 EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities research analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.17%. Worthington Enterprises’s dividend payout ratio is presently 57.63%.

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.