Financial Counselors Inc. Has $3.27 Million Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

Financial Counselors Inc. cut its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,521 shares of the industrial products company’s stock after selling 1,507 shares during the quarter. Financial Counselors Inc.’s holdings in Worthington Enterprises were worth $3,270,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. 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 period. LPL Financial LLC lifted its position in Worthington Enterprises by 9.2% in the 4th quarter. LPL Financial LLC now owns 7,396 shares of the industrial products company’s stock worth $297,000 after buying an additional 624 shares in the last quarter. KBC Group NV increased its stake in shares of Worthington Enterprises by 63.7% in the fourth quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 724 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Worthington Enterprises by 2.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 30,786 shares of the industrial products company’s stock worth $1,235,000 after acquiring an additional 736 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Worthington Enterprises by 2.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,659 shares of the industrial products company’s stock valued at $1,190,000 after purchasing an additional 813 shares in the last quarter. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Trading Up 0.3 %

Worthington Enterprises stock opened at $51.67 on Friday. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $62.86. The company’s fifty day moving average price is $42.22 and its two-hundred day moving average price is $41.45. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 62.25 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings data 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 return on equity of 14.70% and a net margin of 3.66%. The business had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. During the same quarter in the prior year, the firm posted $0.80 EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal 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 1.32%. Worthington Enterprises’s payout ratio is 57.63%.

Analyst Ratings Changes

A number of research firms have recently weighed in on WOR. Canaccord Genuity Group raised their price target on Worthington Enterprises from $49.00 to $54.00 and gave the stock a “hold” rating in a research note on Thursday. Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Worthington Enterprises has a consensus rating of “Hold” and a consensus target price of $47.67.

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.