Gotham Asset Management LLC Decreases Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

Gotham Asset Management LLC decreased its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 17.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 38,874 shares of the industrial products company's stock after selling 8,470 shares during the period. Gotham Asset Management LLC owned 0.08% of Worthington Enterprises worth $1,559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in shares of Worthington Enterprises by 9.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company's stock worth $71,032,000 after acquiring an additional 156,762 shares during the period. American Century Companies Inc. grew its holdings in Worthington Enterprises by 11.5% in the fourth quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company's stock valued at $26,559,000 after purchasing an additional 68,363 shares during the period. Charles Schwab Investment Management Inc. increased its position in Worthington Enterprises by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 533,276 shares of the industrial products company's stock worth $21,390,000 after purchasing an additional 39,996 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Worthington Enterprises by 3.6% during the fourth quarter. Bank of New York Mellon Corp now owns 414,546 shares of the industrial products company's stock worth $16,627,000 after purchasing an additional 14,328 shares during the period. Finally, Northern Trust Corp raised its stake in Worthington Enterprises by 7.4% during the fourth quarter. Northern Trust Corp now owns 380,851 shares of the industrial products company's stock worth $15,276,000 after purchasing an additional 26,178 shares during the period. 51.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Worthington Enterprises Trading Down 1.5%

Shares of Worthington Enterprises stock traded down $0.91 during trading hours on Thursday, hitting $57.81. The company's stock had a trading volume of 30,112 shares, compared to its average volume of 310,201. The business has a fifty day moving average of $50.12 and a 200 day moving average of $44.25. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $61.71. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.89 billion, a PE ratio of 69.73 and a beta of 1.18.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced 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 firm 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. As a group, equities analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Dividend Announcement

The business 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 dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.18%. Worthington Enterprises's payout ratio is currently 57.63%.

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.