Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 45.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,827 shares of the industrial products company's stock after selling 13,136 shares during the quarter. First Trust Advisors LP's holdings in Worthington Enterprises were worth $635,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. PDS Planning Inc raised its stake in Worthington Enterprises by 3.1% in the 4th 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 last quarter. 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. LPL Financial LLC boosted its position in Worthington Enterprises by 9.2% in the 4th quarter. LPL Financial LLC now owns 7,396 shares of the industrial products company's stock worth $297,000 after purchasing an additional 624 shares in the last quarter. KBC Group NV increased its holdings in shares of Worthington Enterprises by 63.7% during the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock valued at $75,000 after purchasing an additional 724 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Worthington Enterprises by 2.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 30,786 shares of the industrial products company's stock valued at $1,235,000 after acquiring an additional 736 shares during the period. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WOR. The Goldman Sachs Group lifted their target price on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a "sell" rating in a research report on Thursday, April 3rd. Seaport Res Ptn raised Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. Finally, Canaccord Genuity Group raised shares of Worthington Enterprises from a "hold" rating to a "buy" rating and lifted their target price for the stock from $54.00 to $67.00 in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $52.33.

Worthington Enterprises Stock Down 1.8%

Shares of Worthington Enterprises stock traded down $1.10 during trading hours on Wednesday, reaching $60.20. 60,573 shares of the company were exchanged, compared to its average volume of 367,921. The firm has a market cap of $3.01 billion, a PE ratio of 72.38 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. Worthington Enterprises, Inc. has a 1 year low of $37.88 and a 1 year high of $61.71. The stock's fifty day moving average is $47.91 and its 200 day moving average is $43.44.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 3.66% and a return on equity of 14.70%. The firm's quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 earnings per share. As a group, equities research analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.13%. Worthington Enterprises's payout ratio is 57.63%.

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.