Worthington Enterprises, Inc. (NYSE:WOR) Position Trimmed by Millennium Management LLC

Millennium Management LLC trimmed its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 227,619 shares of the industrial products company's stock after selling 24,265 shares during the quarter. Millennium Management LLC owned approximately 0.45% of Worthington Enterprises worth $9,130,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WOR. Quadrant Capital Group LLC increased its stake in shares of Worthington Enterprises by 121.0% during the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after purchasing an additional 455 shares in the last quarter. Anchor Investment Management LLC acquired a new position in Worthington Enterprises in the 4th quarter valued at about $40,000. Itau Unibanco Holding S.A. boosted its stake in shares of Worthington Enterprises by 41.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock worth $68,000 after purchasing an additional 501 shares during the last quarter. KBC Group NV grew its holdings in Worthington Enterprises by 63.7% in the fourth 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 period. Finally, Tower Research Capital LLC TRC increased its position in Worthington Enterprises by 23.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company's stock worth $124,000 after purchasing an additional 585 shares during the last quarter. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WOR has been the subject of several research reports. The Goldman Sachs Group boosted their price objective 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. Canaccord Genuity Group upgraded Worthington Enterprises from a "hold" rating to a "buy" rating and upped their price target for the stock from $54.00 to $67.00 in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $52.33.

Worthington Enterprises Trading Down 0.2%

Shares of Worthington Enterprises stock traded down $0.13 during trading hours on Friday, hitting $59.03. The company's stock had a trading volume of 20,497 shares, compared to its average volume of 310,579. The business has a fifty day moving average of $51.87 and a 200 day moving average of $44.84. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $61.71. 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 company has a market capitalization of $2.95 billion, a PE ratio of 71.10 and a beta of 1.18.

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 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 quarter in the prior year, the business earned $0.80 earnings per share. The company's revenue was down 3.9% compared to the same quarter last year. As a group, equities analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current 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 paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.15%. Worthington Enterprises's dividend payout ratio (DPR) is 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.