Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. cut its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 83,028 shares of the industrial products company’s stock after selling 465 shares during the quarter. Financial Counselors Inc. owned 0.17% of Worthington Enterprises worth $3,442,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. KBC Group NV boosted its holdings in Worthington Enterprises by 45.1% during the third quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock worth $47,000 after buying an additional 353 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Worthington Enterprises in the 2nd quarter worth $57,000. nVerses Capital LLC acquired a new position in shares of Worthington Enterprises in the 3rd quarter worth $83,000. Eastern Bank purchased a new stake in shares of Worthington Enterprises during the third quarter valued at $121,000. Finally, MQS Management LLC purchased a new stake in shares of Worthington Enterprises during the second quarter valued at $208,000. Institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Price Performance

NYSE WOR opened at $40.86 on Friday. The company has a 50 day simple moving average of $40.66 and a 200-day simple moving average of $46.00. Worthington Enterprises, Inc. has a 52-week low of $38.24 and a 52-week high of $69.96. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 53.76 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.47 and a quick ratio of 2.34.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings results on Tuesday, September 24th. The industrial products company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.21). Worthington Enterprises had a net margin of 1.96% and a return on equity of 12.23%. The company had revenue of $257.31 million for the quarter, compared to analysts’ expectations of $296.05 million. During the same quarter in the prior year, the firm earned $2.06 earnings per share. The company’s revenue was down 17.5% on a year-over-year basis.

Worthington Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.66%. Worthington Enterprises’s dividend payout ratio is 89.47%.

Insider Activity at Worthington Enterprises

In other Worthington Enterprises news, CFO Joseph B. Hayek bought 2,500 shares of Worthington Enterprises stock in a transaction on Friday, October 11th. The stock was purchased at an average cost of $40.21 per share, for a total transaction of $100,525.00. Following the completion of the purchase, the chief financial officer now directly owns 168,875 shares of the company’s stock, valued at $6,790,463.75. The trade was a 1.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 37.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WOR has been the topic of several recent analyst reports. StockNews.com upgraded Worthington Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th. Canaccord Genuity Group restated a “hold” rating and issued a $46.00 price target on shares of Worthington Enterprises in a research report on Friday, October 4th. Finally, Canaccord Genuity Group lowered their price objective on shares of Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, Worthington Enterprises currently has a consensus rating of “Hold” and an average price target of $45.00.

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.