O Shaughnessy Asset Management LLC Decreases Stake in Worthington Enterprises, Inc. (NYSE:WOR)

O Shaughnessy Asset Management LLC lessened its stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 78.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,784 shares of the industrial products company's stock after selling 29,164 shares during the period. O Shaughnessy Asset Management LLC's holdings in Worthington Enterprises were worth $312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of Worthington Enterprises by 9.7% during the 4th 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 in the last quarter. Geode Capital Management LLC boosted its holdings in 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 worth $33,739,000 after buying an additional 25,824 shares in the last quarter. American Century Companies Inc. grew its position in Worthington Enterprises by 11.5% during the fourth quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company's stock worth $26,559,000 after buying an additional 68,363 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Worthington Enterprises by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 533,276 shares of the industrial products company's stock valued at $21,390,000 after buying an additional 39,996 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Worthington Enterprises by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 414,546 shares of the industrial products company's stock valued at $16,627,000 after acquiring an additional 14,328 shares during the period. 51.59% of the stock is owned by hedge funds and other institutional investors.

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Worthington Enterprises Price Performance

Shares of NYSE:WOR traded down $0.94 on Wednesday, hitting $46.65. The company had a trading volume of 111,434 shares, compared to its average volume of 389,790. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The company has a market cap of $2.33 billion, a PE ratio of 56.21 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. The business has a 50 day moving average of $43.93 and a 200 day moving average of $41.83.

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

Worthington Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.46%. Worthington Enterprises's payout ratio is currently 57.63%.

Analyst Ratings Changes

Several research firms recently weighed in on WOR. Seaport Res Ptn raised Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group raised their price target on Worthington Enterprises from $39.00 to $44.00 and gave the company a "sell" rating in a research report on Thursday, April 3rd. Finally, Canaccord Genuity Group boosted their price objective on shares of Worthington Enterprises from $49.00 to $54.00 and gave the stock a "hold" rating in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Worthington Enterprises has a consensus rating of "Hold" and a consensus target price of $48.00.

Worthington Enterprises Company 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.