First Trust Advisors LP Sells 13,136 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

First Trust Advisors LP lessened its position in Worthington Enterprises, Inc. (NYSE:WOR) by 45.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,827 shares of the industrial products company’s stock after selling 13,136 shares during the quarter. First Trust Advisors LP’s holdings in Worthington Enterprises were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of WOR. Quadrant Capital Group LLC increased its stake in shares of Worthington Enterprises by 121.0% during the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company’s stock valued at $33,000 after buying an additional 455 shares during the period. Anchor Investment Management LLC purchased a new stake in Worthington Enterprises in the fourth quarter worth about $40,000. 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 valued at $75,000 after buying an additional 724 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Worthington Enterprises during the 4th quarter valued at about $205,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Worthington Enterprises during the fourth quarter valued at approximately $240,000. 51.59% of the stock is owned by hedge funds and other institutional investors.

Worthington Enterprises Price Performance

NYSE:WOR opened at $58.40 on Friday. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $60.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 70.36 and a beta of 1.18. The firm’s fifty day moving average is $46.71 and its two-hundred day moving average is $42.97.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.18. The firm had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. Research analysts expect that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.16%. Worthington Enterprises’s payout ratio is presently 57.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WOR shares. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. 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. Finally, Canaccord Genuity Group raised shares of Worthington Enterprises from a “hold” rating to a “buy” rating and upped their price target for the company from $54.00 to $67.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $52.33.

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.