Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,470 shares of the industrial products company’s stock after selling 289 shares during the quarter. California State Teachers Retirement System owned about 0.06% of Worthington Enterprises worth $1,222,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. PDS Planning Inc boosted its holdings in shares of Worthington Enterprises by 3.1% during the fourth quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company’s stock worth $473,000 after purchasing an additional 356 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings 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 worth $33,000 after purchasing an additional 455 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in shares of Worthington Enterprises by 41.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 501 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Worthington Enterprises by 23.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 585 shares during the last quarter. Finally, Graham Capital Management L.P. boosted its holdings in shares of Worthington Enterprises by 9.9% during the fourth quarter. Graham Capital Management L.P. now owns 6,847 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 614 shares during the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Analysts Set New Price Targets

WOR has been the topic of several analyst reports. Canaccord Genuity Group upgraded Worthington Enterprises from a “hold” rating to a “buy” rating and raised their price objective for the stock from $54.00 to $67.00 in a report on Monday, May 5th. The Goldman Sachs Group raised their price objective on Worthington Enterprises from $39.00 to $44.00 and gave the stock a “sell” rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Worthington Enterprises currently has a consensus rating of “Hold” and an average target price of $52.33.

Worthington Enterprises Price Performance

Shares of Worthington Enterprises stock opened at $60.82 on Tuesday. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $61.71. The stock has a market capitalization of $3.04 billion, a P/E ratio of 73.27 and a beta of 1.19. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The business’s fifty day moving average price is $53.64 and its 200 day moving average price is $45.99.

Worthington Enterprises (NYSE:WOR) last issued its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share 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 for the quarter, compared to analysts’ expectations of $289.09 million. During the same quarter last year, the firm earned $0.80 earnings per share. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, research analysts anticipate that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The company 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 yield of 1.12%. Worthington Enterprises’s payout ratio is currently 57.63%.

Worthington Enterprises 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.