Corebridge Financial Inc. Has $672,000 Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Corebridge Financial Inc. lowered its position in Worthington Enterprises, Inc. (NYSE:WOR) by 7.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,745 shares of the industrial products company’s stock after selling 1,303 shares during the period. Corebridge Financial Inc.’s holdings in Worthington Enterprises were worth $672,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. KBC Group NV raised its stake in Worthington Enterprises by 63.7% during the fourth quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock worth $75,000 after buying an additional 724 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Worthington Enterprises during the 3rd quarter worth about $110,000. Point72 Asset Management L.P. bought a new position in shares of Worthington Enterprises in the 3rd quarter worth about $199,000. Aigen Investment Management LP acquired a new position in shares of Worthington Enterprises in the 4th quarter valued at about $205,000. Finally, AXQ Capital LP bought a new stake in shares of Worthington Enterprises during the 4th quarter valued at about $246,000. 51.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group lifted their target price on Worthington Enterprises from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Thursday, March 27th. Seaport Res Ptn upgraded shares of Worthington Enterprises to a “strong-buy” rating in a 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. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Worthington Enterprises has a consensus rating of “Hold” and an average target price of $48.00.

Worthington Enterprises Trading Down 3.4 %

NYSE WOR opened at $46.42 on Monday. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. Worthington Enterprises, Inc. has a 52 week low of $37.88 and a 52 week high of $62.20. The business has a 50 day moving average price of $43.12 and a 200-day moving average price of $41.62. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 55.93 and a beta of 1.06.

Worthington Enterprises (NYSE:WOR) last announced its quarterly 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 net margin of 3.66% and a return on equity of 14.70%. The business had revenue of $304.52 million during the quarter, compared to analyst estimates of $289.09 million. During the same quarter in the previous year, the business posted $0.80 EPS. Worthington Enterprises’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, equities analysts expect 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. 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 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.