Franklin Resources Inc. Sells 10,035 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Franklin Resources Inc. decreased its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 53.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,569 shares of the industrial products company's stock after selling 10,035 shares during the period. Franklin Resources Inc.'s holdings in Worthington Enterprises were worth $344,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages recently commented on WOR. The Goldman Sachs Group boosted their target price on Worthington Enterprises from $39.00 to $44.00 and gave the stock a "sell" rating in a report on Thursday, April 3rd. Seaport Res Ptn raised Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Canaccord Genuity Group upped their price target on Worthington Enterprises from $49.00 to $54.00 and gave the company a "hold" rating in a report on Thursday, March 27th. One equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $48.00.

Worthington Enterprises Trading Up 1.7 %

Shares of WOR stock traded up $0.79 on Thursday, reaching $48.66. 18,434 shares of the stock were exchanged, compared to its average volume of 304,044. The stock has a 50 day moving average price of $44.48 and a 200 day moving average price of $42.07. The stock has a market cap of $2.43 billion, a PE ratio of 58.63 and a beta of 1.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $60.71.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The company's quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. Equities research analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.40%. Worthington Enterprises's dividend payout ratio (DPR) is currently 57.63%.

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.