Prudential Financial Inc. Trims Stock Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Prudential Financial Inc. reduced its position in Worthington Enterprises, Inc. (NYSE:WOR) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 31,743 shares of the industrial products company’s stock after selling 444 shares during the quarter. Prudential Financial Inc.’s holdings in Worthington Enterprises were worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. LPL Financial LLC grew its holdings 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 last quarter. KLP Kapitalforvaltning AS acquired a new stake in Worthington Enterprises during the 4th quarter worth approximately $301,000. AXQ Capital LP purchased a new position in shares of Worthington Enterprises in the 4th quarter valued at approximately $246,000. American Century Companies Inc. increased its holdings in shares of Worthington Enterprises by 11.5% in the fourth quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company’s stock valued at $26,559,000 after purchasing an additional 68,363 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Worthington Enterprises during the fourth quarter worth approximately $264,000. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group lifted their price objective on shares of Worthington Enterprises from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Thursday, March 27th. The Goldman Sachs Group boosted their price target on shares of Worthington Enterprises from $39.00 to $44.00 and gave the stock a “sell” rating in a research note on Thursday. Finally, Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $48.00.

Worthington Enterprises Price Performance

Shares of NYSE WOR opened at $46.42 on Monday. 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 one year low of $37.88 and a one year high of $62.20. The firm has a market capitalization of $2.32 billion, a P/E ratio of 55.93 and a beta of 1.06. The company’s fifty day moving average is $43.12 and its two-hundred day moving average is $41.62.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, topping 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 firm had revenue of $304.52 million for the quarter, compared to the consensus estimate of $289.09 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis. Analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors 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 dividend yield of 1.46%. Worthington Enterprises’s dividend payout ratio is currently 57.63%.

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.