Rhumbline Advisers Has $4.74 Million Stock Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Rhumbline Advisers lessened its position in Worthington Enterprises, Inc. (NYSE:WOR) by 5.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 100,152 shares of the industrial products company’s stock after selling 6,135 shares during the period. Rhumbline Advisers owned about 0.20% of Worthington Enterprises worth $4,740,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Worthington Enterprises by 6.6% during the 4th quarter. Vanguard Group Inc. now owns 3,901,794 shares of the industrial products company’s stock worth $224,548,000 after buying an additional 242,833 shares in the last quarter. Gerber LLC acquired a new position in Worthington Enterprises during the 4th quarter worth about $1,856,000. Denali Advisors LLC lifted its position in Worthington Enterprises by 35.4% during the 1st quarter. Denali Advisors LLC now owns 81,021 shares of the industrial products company’s stock worth $5,042,000 after buying an additional 21,164 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Worthington Enterprises by 58.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 58,184 shares of the industrial products company’s stock worth $3,621,000 after buying an additional 21,543 shares in the last quarter. Finally, Capital International Investors acquired a new position in Worthington Enterprises during the 4th quarter valued at about $26,329,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Stock Performance

Shares of WOR stock opened at $45.24 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.78 and a quick ratio of 2.86. The stock has a market cap of $2.27 billion, a PE ratio of 20.47 and a beta of 1.25. The stock has a 50-day moving average of $45.90 and a 200-day moving average of $53.33. Worthington Enterprises, Inc. has a one year low of $36.29 and a one year high of $69.96.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings results on Wednesday, June 26th. The industrial products company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.14). Worthington Enterprises had a net margin of 3.79% and a return on equity of 15.57%. The company had revenue of $318.80 million during the quarter, compared to the consensus estimate of $352.82 million. During the same period last year, the company earned $2.74 earnings per share. The business’s revenue was down 13.6% compared to the same quarter last year.

Worthington Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.50%. This is a boost from Worthington Enterprises’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 13th. Worthington Enterprises’s dividend payout ratio is presently 30.77%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WOR shares. StockNews.com downgraded shares of Worthington Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, June 26th. The Goldman Sachs Group cut their target price on shares of Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating on the stock in a research report on Tuesday, July 2nd. Finally, Canaccord Genuity Group lowered their price target on Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating for the company in a research note on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat, Worthington Enterprises has a consensus rating of “Hold” and a consensus target price of $50.33.

Worthington Enterprises Company 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.