Worthington Enterprises, Inc. (NYSE:WOR) Position Trimmed by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 49.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,459 shares of the industrial products company's stock after selling 14,345 shares during the period. Janus Henderson Group PLC's holdings in Worthington Enterprises were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in WOR. SG Americas Securities LLC boosted its position in Worthington Enterprises by 170.6% during the 2nd quarter. SG Americas Securities LLC now owns 6,429 shares of the industrial products company's stock worth $304,000 after purchasing an additional 4,053 shares during the period. Louisiana State Employees Retirement System boosted its position in Worthington Enterprises by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the industrial products company's stock worth $729,000 after purchasing an additional 300 shares during the period. Panagora Asset Management Inc. purchased a new stake in Worthington Enterprises during the 2nd quarter worth $2,044,000. IFG Advisory LLC boosted its position in Worthington Enterprises by 30.6% during the 2nd quarter. IFG Advisory LLC now owns 15,666 shares of the industrial products company's stock worth $741,000 after purchasing an additional 3,666 shares during the period. Finally, Private Wealth Strategies L.L.C. purchased a new position in Worthington Enterprises in the 2nd quarter valued at about $3,913,000. 51.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WOR shares. StockNews.com raised shares of Worthington Enterprises from a "sell" rating to a "hold" rating in a research report on Wednesday, September 25th. Canaccord Genuity Group reissued a "hold" rating and issued a $46.00 price objective on shares of Worthington Enterprises in a research report on Friday, October 4th. Finally, Canaccord Genuity Group decreased their price objective on shares of Worthington Enterprises from $52.00 to $46.00 and set a "hold" rating for the company in a research report on Thursday, September 26th.

Insider Transactions at Worthington Enterprises

In other Worthington Enterprises news, CFO Joseph B. Hayek acquired 2,500 shares of the company's stock in a transaction that occurred on Friday, October 11th. The shares were purchased at an average price of $40.21 per share, for a total transaction of $100,525.00. Following the completion of the purchase, the chief financial officer now directly owns 168,875 shares in the company, valued at $6,790,463.75. The trade was a 1.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 37.50% of the company's stock.

Worthington Enterprises Stock Up 0.3 %

Shares of WOR stock traded up $0.13 during trading hours on Friday, hitting $39.24. 318,344 shares of the company were exchanged, compared to its average volume of 149,559. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.34 and a current ratio of 3.47. Worthington Enterprises, Inc. has a one year low of $38.24 and a one year high of $69.96. The business's 50-day simple moving average is $40.42 and its two-hundred day simple moving average is $44.71. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 51.63 and a beta of 1.26.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its quarterly earnings results on Tuesday, September 24th. The industrial products company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.21). Worthington Enterprises had a return on equity of 12.23% and a net margin of 1.96%. The company had revenue of $257.31 million for the quarter, compared to the consensus estimate of $296.05 million. During the same period in the previous year, the business posted $2.06 EPS. The business's revenue for the quarter was down 17.5% on a year-over-year basis.

Worthington Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.73%. Worthington Enterprises's payout ratio is 89.47%.

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.