Janney Montgomery Scott LLC Sells 1,802 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Janney Montgomery Scott LLC cut its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,287 shares of the industrial products company’s stock after selling 1,802 shares during the quarter. Janney Montgomery Scott LLC owned 0.05% of Worthington Enterprises worth $1,094,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WOR. KBC Group NV grew its holdings in shares of Worthington Enterprises by 45.1% in the 3rd quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 353 shares in the last quarter. nVerses Capital LLC bought a new position in Worthington Enterprises in the third quarter valued at approximately $83,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Worthington Enterprises in the third quarter valued at approximately $85,000. Point72 DIFC Ltd acquired a new position in shares of Worthington Enterprises during the 3rd quarter worth approximately $110,000. Finally, Eastern Bank bought a new stake in shares of Worthington Enterprises during the 3rd quarter worth approximately $121,000. 51.59% of the stock is currently owned by institutional investors.

Worthington Enterprises Stock Up 0.9 %

WOR stock opened at $42.41 on Thursday. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $69.96. The business’s 50 day simple moving average is $40.91 and its 200 day simple moving average is $42.32. 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 firm has a market capitalization of $2.12 billion, a PE ratio of 51.09 and a beta of 1.24.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Tuesday, December 17th. The industrial products company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $274.05 million for the quarter, compared to the consensus estimate of $273.77 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 earnings per share. As a group, research analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.60%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 81.93%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WOR shares. Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group lifted their price objective on shares of Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.00.

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.