Squarepoint Ops LLC Acquires 64,909 Shares of Worthington Enterprises, Inc. $WOR

Squarepoint Ops LLC raised its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 128.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,310 shares of the industrial products company’s stock after acquiring an additional 64,909 shares during the quarter. Squarepoint Ops LLC owned about 0.23% of Worthington Enterprises worth $7,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Worthington Enterprises by 693.6% in the second quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 541 shares in the last quarter. ORG Partners LLC increased its stake in shares of Worthington Enterprises by 61.0% in the 2nd quarter. ORG Partners LLC now owns 660 shares of the industrial products company’s stock valued at $43,000 after buying an additional 250 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Worthington Enterprises during the second quarter worth $46,000. CWM LLC lifted its stake in shares of Worthington Enterprises by 33.5% during the second quarter. CWM LLC now owns 813 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 204 shares during the period. Finally, Quarry LP bought a new position in Worthington Enterprises in the first quarter valued at about $49,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WOR has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday, October 8th. CJS Securities raised shares of Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 price target for the company in a research note on Wednesday, September 24th. Wall Street Zen lowered shares of Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 11th. Zacks Research lowered shares of Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. Finally, Canaccord Genuity Group cut their price target on Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.33.

Worthington Enterprises Stock Performance

WOR stock opened at $58.36 on Friday. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $70.91. The business’s 50-day moving average price is $55.60 and its two-hundred day moving average price is $59.82. The firm has a market cap of $2.90 billion, a PE ratio of 27.40 and a beta of 1.33. The company has a current ratio of 3.30, a quick ratio of 2.24 and a debt-to-equity ratio of 0.32.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Wednesday, December 28th. The industrial products company reported $2.12 earnings per share for the quarter. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.91%.The business had revenue of $1.23 billion for the quarter. As a group, research analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.3%. Worthington Enterprises’s dividend payout ratio is currently 35.68%.

Insider Activity at Worthington Enterprises

In related news, Director Michael J. Endres acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average cost of $52.95 per share, for a total transaction of $529,500.00. Following the completion of the acquisition, the director directly owned 95,524 shares in the company, valued at approximately $5,057,995.80. The trade was a 11.69% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is currently owned by insiders.

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.