First Trust Advisors LP Sells 13,136 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

First Trust Advisors LP decreased its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 45.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,827 shares of the industrial products company's stock after selling 13,136 shares during the period. First Trust Advisors LP's holdings in Worthington Enterprises were worth $635,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in shares of Worthington Enterprises by 121.0% during 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 during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Worthington Enterprises during the fourth quarter valued at approximately $40,000. KBC Group NV raised its position in shares of Worthington Enterprises by 63.7% during the fourth quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock valued at $75,000 after buying an additional 724 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Worthington Enterprises during the fourth quarter valued at approximately $205,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Worthington Enterprises during the fourth quarter valued at approximately $240,000. Institutional investors own 51.59% of the company's stock.

Worthington Enterprises Price Performance

Shares of WOR stock traded up $2.37 on Monday, reaching $60.51. The company's stock had a trading volume of 337,922 shares, compared to its average volume of 308,980. The stock's fifty day simple moving average is $47.08 and its 200-day simple moving average is $43.16. Worthington Enterprises, Inc. has a 1 year low of $37.88 and a 1 year high of $60.79. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 72.90 and a beta of 1.18.

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

Worthington Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.12%. Worthington Enterprises's dividend payout ratio (DPR) is presently 57.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Worthington Enterprises from a "hold" rating to a "buy" rating and lifted their price objective for the company from $54.00 to $67.00 in a research report on Monday, May 5th. Seaport Res Ptn upgraded shares of Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group raised their target price on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company 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 given a buy rating and one has assigned a strong buy rating to the stock. 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 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.