Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 41.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,300 shares of the industrial products company's stock after selling 56,800 shares during the period. Renaissance Technologies LLC owned approximately 0.16% of Worthington Enterprises worth $3,261,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings 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 buying an additional 156,762 shares during the last quarter. Fisher Asset Management LLC increased its stake in Worthington Enterprises by 187.9% during the fourth quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company's stock worth $8,114,000 after acquiring an additional 132,040 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in Worthington Enterprises during the third quarter worth about $3,663,000. American Century Companies Inc. raised its holdings in shares of Worthington Enterprises by 11.5% in the 4th quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company's stock worth $26,559,000 after purchasing an additional 68,363 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Worthington Enterprises by 90.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company's stock valued at $5,725,000 after purchasing an additional 65,685 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company's stock.

Worthington Enterprises Stock Up 0.4 %

Shares of NYSE:WOR traded up $0.19 during mid-day trading on Friday, hitting $49.66. 231,164 shares of the company traded hands, compared to its average volume of 305,695. The firm's 50 day simple moving average is $44.72 and its 200 day simple moving average is $42.18. 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 debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. 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 posted its quarterly earnings data 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. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The company had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. During the same quarter last year, the firm posted $0.80 earnings per share. The business's quarterly revenue was down 3.9% on a year-over-year basis. On average, equities analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 yield of 1.37%. Worthington Enterprises's dividend payout ratio is currently 57.63%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Worthington Enterprises from $39.00 to $44.00 and gave the stock a "sell" rating in a research report on Thursday, April 3rd. Canaccord Genuity Group increased 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. Finally, Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average 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.