BNP Paribas Financial Markets trimmed its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 89.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 reporting period.
A number of other institutional investors also recently bought and sold shares of WOR. PDS Planning Inc increased its stake in Worthington Enterprises by 3.1% in the fourth quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company's stock valued at $473,000 after purchasing an additional 356 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of 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 buying an additional 455 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in shares of Worthington Enterprises by 41.9% in 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 buying an additional 501 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Worthington Enterprises by 23.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company's stock valued at $124,000 after buying an additional 585 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in Worthington Enterprises by 9.2% in the fourth quarter. LPL Financial LLC now owns 7,396 shares of the industrial products company's stock valued at $297,000 after purchasing an additional 624 shares during the last quarter. 51.59% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Canaccord Genuity Group raised Worthington Enterprises from a "hold" rating to a "buy" rating and increased their price target for the company from $54.00 to $67.00 in a report on Monday, May 5th. The Goldman Sachs Group increased 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 analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $52.33.
Read Our Latest Report on WOR
Worthington Enterprises Stock Performance
Shares of Worthington Enterprises stock traded up $0.15 on Monday, reaching $59.06. 66,079 shares of the company were exchanged, compared to its average volume of 311,740. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $61.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 71.07 and a beta of 1.18. The company's 50-day moving average is $52.57 and its two-hundred day moving average is $45.14.
Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, beating 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 firm had revenue of $304.52 million for the quarter, compared to analysts' expectations of $289.09 million. During the same period last year, the firm earned $0.80 EPS. The firm's revenue was down 3.9% compared to the same quarter last year. As a group, research analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.
Worthington Enterprises Announces Dividend
The company also recently declared 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 annualized dividend and a dividend yield of 1.15%. Worthington Enterprises's dividend payout ratio (DPR) is presently 57.63%.
About Worthington Enterprises
(
Free Report)
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.
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