Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 41.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,300 shares of the industrial products company's stock after selling 56,800 shares during the period. Renaissance Technologies LLC owned 0.16% of Worthington Enterprises worth $3,261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its holdings in shares of Worthington Enterprises by 9.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company's stock worth $71,032,000 after purchasing an additional 156,762 shares during the period. Geode Capital Management LLC grew its position in shares of Worthington Enterprises by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company's stock worth $33,739,000 after buying an additional 25,824 shares during the last quarter. American Century Companies Inc. grew its position in Worthington Enterprises by 11.5% during the 4th quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company's stock worth $26,559,000 after purchasing an additional 68,363 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Worthington Enterprises by 8.1% during the 4th 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. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Worthington Enterprises by 3.6% in the 4th quarter. Bank of New York Mellon Corp now owns 414,546 shares of the industrial products company's stock valued at $16,627,000 after acquiring an additional 14,328 shares during the last quarter. Institutional investors own 51.59% of the company's stock.

Worthington Enterprises Price Performance

WOR traded down $0.28 during trading on Tuesday, reaching $49.71. The company's stock had a trading volume of 13,206 shares, compared to its average volume of 304,103. 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 firm has a fifty day simple moving average of $44.86 and a two-hundred day simple moving average of $42.29. Worthington Enterprises, Inc. has a 1 year low of $37.88 and a 1 year high of $60.71. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 59.81 and a beta of 1.06.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its quarterly 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. The firm had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The business's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. As a group, analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current 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 1.37%. Worthington Enterprises's payout ratio is presently 57.63%.

Wall Street Analyst Weigh In

WOR has been the topic of a number of recent analyst reports. Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th. The Goldman Sachs Group raised their price target on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a "sell" rating in a research note on Thursday, April 3rd. Finally, Canaccord Genuity Group raised their price target on shares of Worthington Enterprises from $49.00 to $54.00 and gave the company a "hold" rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $48.00.

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.