Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 2.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,530 shares of the industrial products company’s stock after selling 267 shares during the period. Yousif Capital Management LLC’s holdings in Worthington Enterprises were worth $578,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its stake in Worthington Enterprises by 121.0% in the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 455 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in Worthington Enterprises in the 4th quarter valued at $40,000. State of Wyoming acquired a new position in Worthington Enterprises in the 4th quarter valued at $51,000. Itau Unibanco Holding S.A. increased its stake in Worthington Enterprises by 41.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company’s stock valued at $68,000 after buying an additional 501 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Worthington Enterprises by 23.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company’s stock valued at $124,000 after buying an additional 585 shares during the period. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WOR has been the topic of several recent research reports. Canaccord Genuity Group upgraded shares of Worthington Enterprises from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $54.00 to $67.00 in a research report on Monday, May 5th. The Goldman Sachs Group upped their target price 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $52.33.

Worthington Enterprises Stock Down 1.0%

Shares of Worthington Enterprises stock opened at $58.29 on Friday. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 49.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.51 and a quick ratio of 2.60. Worthington Enterprises, Inc. has a 52-week low of $37.88 and a 52-week high of $61.71. The stock has a 50-day simple moving average of $55.81 and a 200-day simple moving average of $46.96.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. The business had revenue of $304.52 million for the quarter, compared to analysts’ expectations of $289.09 million. Worthington Enterprises had a return on equity of 15.16% and a net margin of 5.23%. Worthington Enterprises’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share. On average, equities research analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.17%. Worthington Enterprises’s payout ratio is 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.