Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lowered its stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 73.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,214 shares of the industrial products company's stock after selling 14,076 shares during the period. Bridgewater Associates LP's holdings in Worthington Enterprises were worth $209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MML Investors Services LLC lifted its holdings in shares of Worthington Enterprises by 24.5% in the 3rd quarter. MML Investors Services LLC now owns 7,827 shares of the industrial products company's stock worth $324,000 after acquiring an additional 1,538 shares during the last quarter. Barclays PLC grew its stake in shares of Worthington Enterprises by 24.8% during the third quarter. Barclays PLC now owns 128,158 shares of the industrial products company's stock valued at $5,312,000 after buying an additional 25,453 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Worthington Enterprises by 3.3% in the third 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 period. Franklin Resources Inc. lifted its stake in shares of Worthington Enterprises by 7.5% during the 3rd quarter. Franklin Resources Inc. now owns 18,604 shares of the industrial products company's stock worth $751,000 after acquiring an additional 1,293 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in Worthington Enterprises during the 3rd quarter valued at $3,663,000. Hedge funds and other institutional investors own 51.59% of the company's stock.

Worthington Enterprises Stock Performance

Shares of WOR stock traded up $0.19 on Friday, hitting $49.66. The company had a trading volume of 231,164 shares, compared to its average volume of 305,063. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $60.71. The firm has a market cap of $2.48 billion, a P/E ratio of 59.83 and a beta of 1.06. The company has a 50-day moving average price of $44.72 and a 200-day moving average price of $42.18. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The business had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The company's revenue was down 3.9% compared to the same quarter last year. As a group, equities research analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.37%. Worthington Enterprises's payout ratio is 57.63%.

Analyst Upgrades and Downgrades

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

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.