BNP Paribas Financial Markets Sells 41,542 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

BNP Paribas Financial Markets decreased its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 89.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,781 shares of the industrial products company's stock after selling 41,542 shares during the quarter. BNP Paribas Financial Markets' holdings in Worthington Enterprises were worth $192,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings 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 acquiring an additional 585 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Worthington Enterprises during the 4th quarter worth approximately $478,000. Amundi increased its holdings in shares of Worthington Enterprises by 170.3% during the 4th quarter. Amundi now owns 15,777 shares of the industrial products company's stock worth $625,000 after acquiring an additional 9,941 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Worthington Enterprises by 113.7% during the 4th quarter. Victory Capital Management Inc. now owns 29,814 shares of the industrial products company's stock worth $1,196,000 after acquiring an additional 15,864 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Worthington Enterprises by 9.7% during the 4th quarter. Rhumbline Advisers now owns 107,490 shares of the industrial products company's stock worth $4,311,000 after acquiring an additional 9,539 shares during the last quarter. Institutional investors and hedge funds own 51.59% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Canaccord Genuity Group raised Worthington Enterprises from a "hold" rating to a "buy" rating and boosted their target price for the stock from $54.00 to $67.00 in a report on Monday, May 5th. The Goldman Sachs Group boosted their target price on Worthington Enterprises from $39.00 to $44.00 and gave the stock a "sell" rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $52.33.

Worthington Enterprises Stock Performance

WOR traded up $0.82 during trading on Tuesday, hitting $59.76. The stock had a trading volume of 148,598 shares, compared to its average volume of 311,758. The company has a 50 day moving average price of $52.88 and a 200-day moving average price of $45.37. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 72.00 and a beta of 1.18. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $61.71. 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 (NYSE:WOR - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. The business 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%. The firm's quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 EPS. As a group, research analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.17 per share. 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%.

About Worthington Enterprises

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.