Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 43.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 28,930 shares of the industrial products company's stock after selling 21,857 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Worthington Enterprises worth $1,160,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of WOR. PDS Planning Inc grew its position in Worthington Enterprises by 3.1% during the fourth quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company's stock worth $473,000 after buying an additional 356 shares during the period. LPL Financial LLC boosted its stake in shares of Worthington Enterprises by 9.2% during the 4th quarter. LPL Financial LLC now owns 7,396 shares of the industrial products company's stock worth $297,000 after acquiring an additional 624 shares in the last quarter. KBC Group NV grew its holdings in shares of Worthington Enterprises by 63.7% in the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock worth $75,000 after acquiring an additional 724 shares during the period. PNC Financial Services Group Inc. increased its stake in Worthington Enterprises by 2.4% in 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 purchasing an additional 736 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Worthington Enterprises by 2.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,659 shares of the industrial products company's stock worth $1,190,000 after purchasing an additional 813 shares during the last quarter. 51.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on WOR. The Goldman Sachs Group upped their target price on Worthington Enterprises from $39.00 to $44.00 and gave the company a "sell" rating in a report on Thursday, April 3rd. Seaport Res Ptn upgraded shares of Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Canaccord Genuity Group increased their price objective 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 analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Worthington Enterprises has a consensus rating of "Hold" and an average target price of $48.00.

Worthington Enterprises Price Performance

Shares of NYSE:WOR traded down $0.22 on Friday, hitting $49.25. The company had a trading volume of 39,859 shares, compared to its average volume of 304,202. 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 cap of $2.46 billion, a PE ratio of 59.31 and a beta of 1.06. Worthington Enterprises, Inc. has a 52-week low of $37.88 and a 52-week high of $60.71. The business has a 50 day moving average of $44.60 and a 200 day moving average of $42.12.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The company 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 firm's quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. As a group, equities analysts anticipate that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 yield of 1.38%. Worthington Enterprises's dividend payout ratio (DPR) is presently 57.63%.

About Worthington Enterprises

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.