Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Barclays PLC

Barclays PLC decreased its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 47.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,039 shares of the industrial products company's stock after selling 61,119 shares during the quarter. Barclays PLC owned about 0.13% of Worthington Enterprises worth $2,689,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its stake in Worthington Enterprises by 9.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company's stock worth $71,032,000 after purchasing an additional 156,762 shares during the period. Fisher Asset Management LLC lifted its position in Worthington Enterprises by 187.9% during the 4th quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company's stock worth $8,114,000 after acquiring an additional 132,040 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in Worthington Enterprises in the 3rd quarter worth approximately $3,663,000. American Century Companies Inc. grew its position in Worthington Enterprises by 11.5% in the fourth quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company's stock valued at $26,559,000 after acquiring an additional 68,363 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Worthington Enterprises by 90.7% during the third quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company's stock worth $5,725,000 after purchasing an additional 65,685 shares in the last quarter. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on WOR shares. The Goldman Sachs Group upped 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. Canaccord Genuity Group upgraded Worthington Enterprises from a "hold" rating to a "buy" rating and increased their target price for the company from $54.00 to $67.00 in a research note on Monday. Finally, Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $52.33.

Worthington Enterprises Stock Performance

Shares of NYSE WOR traded up $0.97 during trading on Tuesday, reaching $56.16. The stock had a trading volume of 352,831 shares, compared to its average volume of 307,164. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. The stock has a market cap of $2.80 billion, a PE ratio of 67.67 and a beta of 1.18. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $60.71. The firm's 50 day moving average price is $46.07 and its two-hundred day moving average price is $42.76.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating 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 company had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company's revenue for the quarter was down 3.9% compared to the same quarter last year. On average, research analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.21%. Worthington Enterprises's dividend payout ratio (DPR) is presently 57.63%.

Worthington Enterprises Company 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.