Russell Investments Group Ltd. Sells 21,857 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Russell Investments Group Ltd. lessened its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 43.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 28,930 shares of the industrial products company's stock after selling 21,857 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Worthington Enterprises worth $1,160,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. PDS Planning Inc lifted its holdings in shares of Worthington Enterprises by 3.1% in the fourth quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company's stock worth $473,000 after buying an additional 356 shares in the last quarter. LPL Financial LLC increased its holdings in Worthington Enterprises by 9.2% during the 4th quarter. LPL Financial LLC now owns 7,396 shares of the industrial products company's stock worth $297,000 after acquiring an additional 624 shares during the period. KBC Group NV lifted its stake in Worthington Enterprises by 63.7% in the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock worth $75,000 after purchasing an additional 724 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Worthington Enterprises by 2.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 30,786 shares of the industrial products company's stock valued at $1,235,000 after purchasing an additional 736 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Worthington Enterprises by 2.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,659 shares of the industrial products company's stock valued at $1,190,000 after purchasing an additional 813 shares in the last quarter. Institutional investors own 51.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Seaport Res Ptn upgraded Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. Canaccord Genuity Group raised 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. Finally, The Goldman Sachs Group boosted 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. One 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 company. According to data from MarketBeat.com, Worthington Enterprises presently has a consensus rating of "Hold" and an average price target of $48.00.

Worthington Enterprises Price Performance

WOR traded up $0.04 during trading on Wednesday, reaching $47.85. The stock had a trading volume of 275,097 shares, compared to its average volume of 305,233. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. The business has a 50-day moving average of $44.40 and a 200-day moving average of $42.03. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $60.71. The stock has a market cap of $2.39 billion, a PE ratio of 57.65 and a beta of 1.06.

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 for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. During the same quarter in the previous year, the company posted $0.80 EPS. Worthington Enterprises's quarterly revenue was down 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.42%. Worthington Enterprises's payout ratio is presently 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.