Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. lessened its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,521 shares of the industrial products company’s stock after selling 1,507 shares during the period. Financial Counselors Inc. owned 0.16% of Worthington Enterprises worth $3,270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. KBC Group NV increased its stake in Worthington Enterprises by 63.7% during the 4th 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 period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Worthington Enterprises during the third quarter valued at approximately $85,000. Point72 DIFC Ltd bought a new stake in Worthington Enterprises during the third quarter worth approximately $110,000. Point72 Hong Kong Ltd acquired a new stake in Worthington Enterprises in the third quarter worth approximately $124,000. Finally, Point72 Asset Management L.P. bought a new position in Worthington Enterprises during the 3rd quarter valued at $199,000. 51.59% of the stock is owned by institutional investors.

Worthington Enterprises Price Performance

NYSE WOR opened at $51.67 on Friday. The stock has a market capitalization of $2.59 billion, a P/E ratio of 62.25 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. The business’s fifty day moving average is $42.22 and its two-hundred day moving average is $41.45. Worthington Enterprises, Inc. has a 1 year low of $37.88 and a 1 year high of $62.86.

Worthington Enterprises (NYSE:WOR) last released its quarterly 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. The business had revenue of $304.52 million during the quarter, compared to analyst estimates of $289.09 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. Worthington Enterprises’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the company posted $0.80 EPS. On average, research analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

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 issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. Worthington Enterprises’s dividend payout ratio is currently 57.63%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WOR. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. Canaccord Genuity Group boosted their price target on shares of Worthington Enterprises from $49.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday. One research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $47.67.

Worthington Enterprises 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.