Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,625 shares of the industrial products company's stock after selling 6,865 shares during the period. Rhumbline Advisers owned approximately 0.20% of Worthington Enterprises worth $5,040,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. PDS Planning Inc increased its stake in shares of Worthington Enterprises by 3.1% in the fourth 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 lifted its holdings in Worthington Enterprises by 121.0% in the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 455 shares during the period. Itau Unibanco Holding S.A. boosted its position in 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 purchasing an additional 501 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Worthington Enterprises by 23.4% during the 4th 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 period. Finally, Graham Capital Management L.P. increased its holdings in shares of Worthington Enterprises by 9.9% during the 4th quarter. Graham Capital Management L.P. now owns 6,847 shares of the industrial products company's stock valued at $275,000 after purchasing an additional 614 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company's stock.

Worthington Enterprises Trading Down 1.3%

NYSE:WOR traded down $0.78 during trading hours on Friday, reaching $59.62. 150,257 shares of the stock were exchanged, compared to its average volume of 311,306. 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 $2.98 billion, a price-to-earnings ratio of 71.83 and a beta of 1.19. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $61.71. The business has a 50-day moving average of $54.48 and a two-hundred day moving average of $46.33.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. The company had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. Worthington Enterprises's revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. On average, equities analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.14%. Worthington Enterprises's dividend payout ratio is presently 57.63%.

Wall Street Analyst Weigh In

Several analysts have commented on WOR shares. Canaccord Genuity Group raised Worthington Enterprises from a "hold" rating to a "buy" rating and raised their price objective for the company from $54.00 to $67.00 in a report on Monday, May 5th. The Goldman Sachs Group raised their target price on shares of Worthington Enterprises from $39.00 to $44.00 and gave the stock 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Worthington Enterprises currently has a consensus rating of "Hold" and an average target price of $52.33.

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.