Vontobel Holding Ltd. Decreases Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

Vontobel Holding Ltd. decreased its position in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 8.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,643 shares of the industrial products company's stock after selling 10,259 shares during the quarter. Vontobel Holding Ltd. owned about 0.22% of Worthington Enterprises worth $4,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in Worthington Enterprises by 9.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company's stock valued at $71,032,000 after purchasing an additional 156,762 shares during the last quarter. Geode Capital Management LLC raised its stake in Worthington Enterprises by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company's stock valued at $33,739,000 after purchasing an additional 25,824 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Worthington Enterprises by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 493,280 shares of the industrial products company's stock valued at $20,446,000 after purchasing an additional 18,480 shares during the last quarter. JPMorgan Chase & Co. raised its stake in 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 during the last quarter. Finally, Barclays PLC raised its stake in Worthington Enterprises by 24.8% in the 3rd quarter. Barclays PLC now owns 128,158 shares of the industrial products company's stock valued at $5,312,000 after purchasing an additional 25,453 shares during the last quarter. Institutional investors and hedge funds own 51.59% of the company's stock.

Analysts Set New Price Targets

WOR has been the subject of a number of research analyst reports. Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. Canaccord Genuity Group upped their price objective on shares of Worthington Enterprises from $46.00 to $49.00 and gave the company a "hold" rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $46.00.

Worthington Enterprises Trading Up 1.0 %

Shares of NYSE:WOR traded up $0.43 during trading on Thursday, reaching $43.48. 198,729 shares of the stock were exchanged, compared to its average volume of 259,683. 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 12-month low of $37.88 and a 12-month high of $69.96. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 52.38 and a beta of 1.24. The firm's 50-day moving average price is $41.28 and its 200 day moving average price is $41.88.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.08. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The business had revenue of $274.05 million during the quarter, compared to analysts' expectations of $273.77 million. During the same quarter in the previous year, the business earned $0.78 EPS. The company's revenue for the quarter was down 8.1% on a year-over-year basis. On average, sell-side analysts anticipate that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, March 14th. Worthington Enterprises's payout ratio is currently 81.93%.

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.