Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,742,857 shares of the industrial products company's stock after selling 11,058 shares during the quarter. Vanguard Group Inc. owned about 7.48% of Worthington Enterprises worth $150,126,000 at the end of the most recent reporting period.

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

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Analyst Ratings Changes

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

Worthington Enterprises Stock Performance

Shares of NYSE WOR traded up $1.02 during midday trading on Friday, reaching $47.59. 291,565 shares of the stock were exchanged, compared to its average volume of 302,305. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 57.33 and a beta of 1.06. The firm has a 50-day simple moving average of $43.71 and a two-hundred day simple moving average of $41.73. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month 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 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $289.09 million. During the same period in the previous year, the business earned $0.80 EPS. Worthington Enterprises's quarterly revenue was down 3.9% on a year-over-year basis. As a group, analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS 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 given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.43%. Worthington Enterprises's payout ratio is presently 57.63%.

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.