Clean Yield Group Has $38,000 Stock Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Clean Yield Group reduced its position in Worthington Enterprises, Inc. (NYSE:WOR) by 20.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 950 shares of the industrial products company’s stock after selling 250 shares during the period. Clean Yield Group’s holdings in Worthington Enterprises were worth $38,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WOR. Creative Planning grew its holdings in Worthington Enterprises by 2.0% during the 2nd quarter. Creative Planning now owns 12,160 shares of the industrial products company’s stock worth $576,000 after acquiring an additional 244 shares during the period. KBC Group NV lifted its stake in Worthington Enterprises by 45.1% in the third quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock valued at $47,000 after buying an additional 353 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Worthington Enterprises by 10.9% in the 2nd quarter. Hsbc Holdings PLC now owns 4,531 shares of the industrial products company’s stock valued at $214,000 after buying an additional 445 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Worthington Enterprises by 2.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,718 shares of the industrial products company’s stock valued at $839,000 after purchasing an additional 462 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Worthington Enterprises in the 2nd quarter valued at approximately $57,000. Institutional investors own 51.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on WOR shares. Canaccord Genuity Group raised their target price on shares of Worthington Enterprises from $46.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. StockNews.com upgraded shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, Canaccord Genuity Group reduced their target price on shares of Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating for the company in a research note on Thursday, September 26th.

Worthington Enterprises Stock Up 2.0 %

WOR traded up $0.78 during trading hours on Monday, hitting $40.40. 109,774 shares of the company’s stock were exchanged, compared to its average volume of 244,989. The stock’s 50-day moving average is $40.49 and its two-hundred day moving average is $42.89. The company has a quick ratio of 2.34, a current ratio of 3.47 and a debt-to-equity ratio of 0.33. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $69.96. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 53.16 and a beta of 1.25.

Worthington Enterprises (NYSE:WOR) last released its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. Worthington Enterprises had a return on equity of 12.23% and a net margin of 1.96%. The business had revenue of $274.05 million for the quarter, compared to analyst estimates of $273.77 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. Worthington Enterprises’s revenue was down 8.1% on a year-over-year basis.

Worthington Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.68%. Worthington Enterprises’s dividend payout ratio is currently 81.93%.

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.