Barclays PLC Sells 61,119 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Barclays PLC reduced its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 47.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,039 shares of the industrial products company’s stock after selling 61,119 shares during the period. Barclays PLC owned 0.13% of Worthington Enterprises worth $2,689,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in Worthington Enterprises during the fourth quarter valued at approximately $478,000. Amundi raised its position in shares of Worthington Enterprises by 170.3% during the 4th quarter. Amundi now owns 15,777 shares of the industrial products company’s stock valued at $625,000 after purchasing an additional 9,941 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Worthington Enterprises by 90.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company’s stock valued at $5,725,000 after buying an additional 65,685 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Worthington Enterprises by 113.7% in the 4th quarter. Victory Capital Management Inc. now owns 29,814 shares of the industrial products company’s stock worth $1,196,000 after buying an additional 15,864 shares during the period. Finally, Rhumbline Advisers increased its stake in Worthington Enterprises by 9.7% in the 4th quarter. Rhumbline Advisers now owns 107,490 shares of the industrial products company’s stock worth $4,311,000 after buying an additional 9,539 shares in the last quarter. 51.59% of the stock is owned by hedge funds and other institutional investors.

Worthington Enterprises Price Performance

NYSE:WOR opened at $50.62 on Thursday. The business’s 50-day moving average is $45.16 and its 200 day moving average is $42.40. Worthington Enterprises, Inc. has a 12 month low of $37.88 and a 12 month high of $60.71. The company has a market capitalization of $2.53 billion, a P/E ratio of 60.99 and a beta of 1.06. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32.

Worthington Enterprises (NYSE:WOR) last posted its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, beating 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 firm had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. During the same period in the prior year, the company earned $0.80 EPS. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share 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. Stockholders 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 1.34%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 57.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Canaccord Genuity Group boosted their price objective on Worthington Enterprises from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Thursday, March 27th. Seaport Res Ptn raised Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group increased 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Worthington Enterprises currently has an average rating of “Hold” and a consensus price target 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.