Invesco Ltd. Sells 113,397 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Invesco Ltd. decreased its holdings in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 37.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 192,592 shares of the industrial products company's stock after selling 113,397 shares during the period. Invesco Ltd. owned approximately 0.38% of Worthington Enterprises worth $7,725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WOR. Quadrant Capital Group LLC increased its stake in Worthington Enterprises by 121.0% in the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after purchasing an additional 455 shares during the period. Wells Fargo & Company MN increased its stake in shares of Worthington Enterprises by 19.2% in the fourth quarter. Wells Fargo & Company MN now owns 27,762 shares of the industrial products company's stock worth $1,114,000 after buying an additional 4,474 shares during the period. ExodusPoint Capital Management LP bought a new stake in Worthington Enterprises during the 4th quarter valued at $2,333,000. Wellington Management Group LLP boosted its position in Worthington Enterprises by 2.3% during the 4th quarter. Wellington Management Group LLP now owns 69,680 shares of the industrial products company's stock valued at $2,795,000 after buying an additional 1,548 shares during the period. Finally, Caisse Des Depots ET Consignations bought a new stake in Worthington Enterprises in the 4th quarter worth $465,000. Institutional investors own 51.59% of the company's stock.

Analysts Set New Price Targets

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

Worthington Enterprises Trading Up 0.4 %

WOR stock traded up $0.19 during trading on Friday, reaching $49.66. The company had a trading volume of 231,164 shares, compared to its average volume of 305,695. The business has a 50 day moving average of $44.72 and a 200 day moving average of $42.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50. The company has a market cap of $2.48 billion, a P/E ratio of 59.83 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.

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

Worthington Enterprises Dividend Announcement

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