Worthington Enterprises, Inc. (NYSE:WOR) Holdings Decreased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its position in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 10.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,801 shares of the industrial products company's stock after selling 8,091 shares during the period. Wedge Capital Management L L P NC owned approximately 0.14% of Worthington Enterprises worth $3,597,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Worthington Enterprises by 8,773.7% in the 1st quarter. GAMMA Investing LLC now owns 82,348 shares of the industrial products company's stock valued at $4,125,000 after purchasing an additional 81,420 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Worthington Enterprises by 2.3% in the 4th quarter. Wellington Management Group LLP now owns 69,680 shares of the industrial products company's stock valued at $2,795,000 after purchasing an additional 1,548 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Worthington Enterprises by 33.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,544 shares of the industrial products company's stock valued at $2,549,000 after purchasing an additional 15,981 shares in the last quarter. Vident Advisory LLC lifted its stake in shares of Worthington Enterprises by 11.6% in the 4th quarter. Vident Advisory LLC now owns 12,645 shares of the industrial products company's stock valued at $507,000 after purchasing an additional 1,318 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its stake in shares of Worthington Enterprises by 6.1% in the 4th quarter. Squarepoint Ops LLC now owns 49,205 shares of the industrial products company's stock valued at $1,974,000 after purchasing an additional 2,830 shares in the last quarter. 51.59% of the stock is owned by institutional investors and hedge funds.

Worthington Enterprises Stock Down 1.3%

Worthington Enterprises stock traded down $0.78 during midday trading on Friday, hitting $59.62. 150,257 shares of the company were exchanged, compared to its average volume of 311,555. The company's fifty day moving average price is $54.48 and its 200-day moving average price is $46.33. The company has a market cap of $2.98 billion, a PE ratio of 71.83 and a beta of 1.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $61.71.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating 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 company had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. During the same period in the prior year, the company posted $0.80 EPS. Worthington Enterprises's quarterly revenue was down 3.9% on a year-over-year basis. On average, research analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.14%. Worthington Enterprises's payout ratio is 57.63%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WOR shares. The Goldman Sachs Group lifted 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. Canaccord Genuity Group raised Worthington Enterprises from a "hold" rating to a "buy" rating and boosted their price target for the stock from $54.00 to $67.00 in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Worthington Enterprises presently has a consensus rating of "Hold" and an average target price of $52.33.

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.