Worthington Enterprises, Inc. $WOR Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC decreased its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,977 shares of the industrial products company’s stock after selling 304 shares during the quarter. MetLife Investment Management LLC’s holdings in Worthington Enterprises were worth $951,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WOR. State of Wyoming acquired a new stake in shares of Worthington Enterprises in the fourth quarter valued at approximately $51,000. Summit Securities Group LLC acquired a new stake in shares of Worthington Enterprises in the first quarter valued at approximately $75,000. GAMMA Investing LLC increased its stake in shares of Worthington Enterprises by 77.2% in the first quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 716 shares during the period. US Bancorp DE increased its stake in shares of Worthington Enterprises by 966.2% in the first quarter. US Bancorp DE now owns 2,207 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 2,000 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Worthington Enterprises by 23.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 585 shares during the period. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Trading Down 0.5%

Shares of NYSE:WOR opened at $65.03 on Friday. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 34.05 and a beta of 1.20. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $70.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.48. The company has a 50 day moving average price of $64.07 and a 200 day moving average price of $55.65.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings data on Tuesday, June 24th. The industrial products company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.22. The firm had revenue of $317.88 million during the quarter, compared to analyst estimates of $300.96 million. Worthington Enterprises had a net margin of 8.33% and a return on equity of 16.66%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. On average, research analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, September 15th. This is a boost from Worthington Enterprises’s previous quarterly dividend of $0.17. Worthington Enterprises’s dividend payout ratio (DPR) is presently 35.60%.

Analysts Set New Price Targets

Several research firms have recently issued reports on WOR. Zacks Research cut shares of Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. The Goldman Sachs Group increased their price objective on shares of Worthington Enterprises from $44.00 to $50.00 and gave the company a “sell” rating in a report on Thursday, June 26th. Canaccord Genuity Group increased their price objective on shares of Worthington Enterprises from $69.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, June 26th. Finally, Wall Street Zen upgraded shares of Worthington Enterprises from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $59.00.

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.