Bank of America Corp DE Has $6.05 Million Stock Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Bank of America Corp DE cut its stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,906 shares of the industrial products company's stock after selling 17,750 shares during the period. Bank of America Corp DE owned 0.30% of Worthington Enterprises worth $6,053,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of WOR. PDS Planning Inc increased its holdings in shares of Worthington Enterprises by 3.1% in the 4th quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company's stock worth $473,000 after acquiring an additional 356 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Worthington Enterprises by 121.0% in the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after acquiring an additional 455 shares during the period. Itau Unibanco Holding S.A. increased its holdings in shares of Worthington Enterprises by 41.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock worth $68,000 after acquiring an additional 501 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Worthington Enterprises by 23.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company's stock worth $124,000 after acquiring an additional 585 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Worthington Enterprises by 9.2% in the 4th quarter. LPL Financial LLC now owns 7,396 shares of the industrial products company's stock worth $297,000 after acquiring an additional 624 shares during the period. 51.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th. Canaccord Genuity Group raised shares of Worthington Enterprises from a "hold" rating to a "buy" rating and increased their price objective for the stock from $54.00 to $67.00 in a report on Monday, May 5th. Finally, The Goldman Sachs Group raised their target price on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a "sell" rating in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Worthington Enterprises presently has a consensus rating of "Hold" and a consensus price target of $52.33.

Worthington Enterprises Price Performance

Worthington Enterprises stock traded up $0.24 during trading hours on Thursday, hitting $59.17. 204,347 shares of the company traded hands, compared to its average volume of 310,994. The firm has a market cap of $2.95 billion, a P/E ratio of 71.29 and a beta of 1.18. 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 firm's 50-day simple moving average is $51.87 and its two-hundred day simple moving average is $44.84. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $61.71.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.73 by $0.18. The firm had revenue of $304.52 million for the quarter, compared to analysts' expectations of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. Worthington Enterprises's quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. As a group, analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The company also recently announced 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 dividend yield of 1.15%. Worthington Enterprises's payout ratio is 57.63%.

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.