New York State Teachers Retirement System Reduces Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

New York State Teachers Retirement System reduced its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 16.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,491 shares of the industrial products company's stock after selling 8,100 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Worthington Enterprises worth $2,128,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC lifted its stake in shares of Worthington Enterprises by 121.0% during the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after buying an additional 455 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Worthington Enterprises during the fourth quarter worth $40,000. State of Wyoming acquired a new position in Worthington Enterprises during the fourth quarter valued at $51,000. GAMMA Investing LLC lifted its position in Worthington Enterprises by 77.2% during the first quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company's stock valued at $82,000 after purchasing an additional 716 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its position in Worthington Enterprises by 41.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock valued at $68,000 after purchasing an additional 501 shares during the period. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Worthington Enterprises Price Performance

Shares of Worthington Enterprises stock traded down $0.86 during trading hours on Friday, reaching $63.44. The stock had a trading volume of 311,965 shares, compared to its average volume of 301,019. The stock's 50 day moving average is $60.42 and its 200 day moving average is $49.51. The firm has a market capitalization of $3.17 billion, a PE ratio of 33.21 and a beta of 1.19. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $70.91. The company has a current ratio of 3.48, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its earnings results on Tuesday, June 24th. The industrial products company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.22. Worthington Enterprises had a net margin of 8.33% and a return on equity of 16.66%. The business had revenue of $317.88 million during the quarter, compared to analysts' expectations of $300.96 million. During the same quarter in the previous year, the company earned $0.74 earnings per share. The company's quarterly revenue was down .3% on a year-over-year basis. Equities analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.20%. This is a boost from Worthington Enterprises's previous quarterly dividend of $0.17. Worthington Enterprises's dividend payout ratio is currently 35.60%.

Wall Street Analyst Weigh In

WOR has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Worthington Enterprises from $44.00 to $50.00 and gave the company a "sell" rating in a research report on Thursday, June 26th. Canaccord Genuity Group boosted their target price on shares of Worthington Enterprises from $69.00 to $81.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $59.00.

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.