Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 46.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,551 shares of the industrial products company's stock after selling 12,605 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Worthington Enterprises were worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WOR. Barclays PLC lifted its position in shares of Worthington Enterprises by 24.8% during the 3rd quarter. Barclays PLC now owns 128,158 shares of the industrial products company's stock valued at $5,312,000 after buying an additional 25,453 shares in the last quarter. Franklin Resources Inc. raised its stake in Worthington Enterprises by 7.5% in the 3rd quarter. Franklin Resources Inc. now owns 18,604 shares of the industrial products company's stock valued at $751,000 after purchasing an additional 1,293 shares during the last quarter. KBC Group NV raised its stake in Worthington Enterprises by 63.7% in the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock valued at $75,000 after purchasing an additional 724 shares during the last quarter. Pacer Advisors Inc. raised its stake in Worthington Enterprises by 9.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company's stock valued at $71,032,000 after purchasing an additional 156,762 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Worthington Enterprises by 9.7% in the 4th quarter. Rhumbline Advisers now owns 107,490 shares of the industrial products company's stock valued at $4,311,000 after purchasing an additional 9,539 shares during the last quarter. Hedge funds and other institutional investors own 51.59% of the company's stock.

Analyst Upgrades and Downgrades

WOR has been the subject of several recent research reports. Canaccord Genuity Group raised Worthington Enterprises from a "hold" rating to a "buy" rating and increased their price objective for the company from $54.00 to $67.00 in a research note on Monday, May 5th. The Goldman Sachs Group increased their price objective on Worthington Enterprises from $39.00 to $44.00 and gave the company a "sell" rating in a research note on Thursday, April 3rd. Finally, Seaport Res Ptn raised Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Worthington Enterprises currently has an average rating of "Hold" and an average price target of $52.33.

Worthington Enterprises Trading Down 0.4%

Shares of WOR traded down $0.22 during midday trading on Friday, reaching $57.66. The company had a trading volume of 155,878 shares, compared to its average volume of 311,110. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $61.71. The stock has a market cap of $2.88 billion, a PE ratio of 69.46 and a beta of 1.18. The firm has a 50 day simple moving average of $50.45 and a 200-day simple moving average of $44.39. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32.

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

Worthington Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.18%. Worthington Enterprises's dividend payout ratio (DPR) 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.