BNP Paribas Financial Markets Purchases 17,400 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

BNP Paribas Financial Markets boosted its stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 51.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,047 shares of the industrial products company's stock after acquiring an additional 17,400 shares during the period. BNP Paribas Financial Markets owned 0.10% of Worthington Enterprises worth $2,938,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System bought a new position in shares of Worthington Enterprises during the 4th quarter worth approximately $875,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Worthington Enterprises by 36.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 61,907 shares of the industrial products company's stock worth $3,563,000 after buying an additional 16,403 shares in the last quarter. FMR LLC boosted its holdings in shares of Worthington Enterprises by 3,957.0% during the 3rd quarter. FMR LLC now owns 90,674 shares of the industrial products company's stock worth $5,605,000 after buying an additional 88,439 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Worthington Enterprises by 395.4% during the 3rd quarter. HighTower Advisors LLC now owns 20,921 shares of the industrial products company's stock worth $1,291,000 after buying an additional 16,698 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Worthington Enterprises by 11.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,794 shares of the industrial products company's stock worth $235,000 after buying an additional 400 shares in the last quarter. 51.59% of the stock is currently owned by institutional investors.

Insider Activity at Worthington Enterprises

In related news, Director Ozey K. Horton, Jr. sold 1,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $62.25, for a total value of $62,250.00. Following the completion of the sale, the director now directly owns 41,688 shares of the company's stock, valued at approximately $2,595,078. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Ozey K. Horton, Jr. sold 1,000 shares of the firm's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $62.25, for a total transaction of $62,250.00. Following the completion of the sale, the director now directly owns 41,688 shares of the company's stock, valued at approximately $2,595,078. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael J. Endres sold 66,000 shares of the firm's stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $64.26, for a total value of $4,241,160.00. Following the sale, the director now directly owns 76,689 shares of the company's stock, valued at $4,928,035.14. The disclosure for this sale can be found here. In the last three months, insiders sold 68,000 shares of company stock valued at $4,364,750. 38.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WOR. StockNews.com cut Worthington Enterprises from a "buy" rating to a "hold" rating in a report on Friday, March 22nd. Canaccord Genuity Group started coverage on Worthington Enterprises in a report on Tuesday, January 30th. They set a "hold" rating and a $56.00 price target on the stock. The Goldman Sachs Group increased their target price on Worthington Enterprises from $50.00 to $56.00 and gave the stock a "sell" rating in a report on Friday, March 22nd. Finally, Canaccord Genuity Group increased their target price on Worthington Enterprises from $56.00 to $64.00 and gave the stock a "hold" rating in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, Worthington Enterprises currently has a consensus rating of "Hold" and a consensus price target of $61.00.

Worthington Enterprises Stock Down 0.1 %

Shares of WOR traded down $0.03 during trading hours on Thursday, reaching $56.27. The stock had a trading volume of 208,136 shares, compared to its average volume of 277,735. Worthington Enterprises, Inc. has a 12 month low of $34.36 and a 12 month high of $69.96. The firm has a 50-day simple moving average of $59.75 and a 200 day simple moving average of $59.48. The company has a current ratio of 3.42, a quick ratio of 2.47 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 10.29 and a beta of 1.39.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its quarterly earnings results on Wednesday, March 20th. The industrial products company reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $1.24 by ($0.44). The company had revenue of $316.76 million during the quarter, compared to analysts' expectations of $326.70 million. Worthington Enterprises had a net margin of 7.12% and a return on equity of 19.40%. The company's quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 earnings per share.

Worthington Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, June 14th. Worthington Enterprises's payout ratio is currently 11.70%.

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.