Insider Selling: Worthington Enterprises, Inc. (NYSE:WOR) Director Sells 66,000 Shares of Stock

Worthington Enterprises, Inc. (NYSE:WOR) Director Michael J. Endres sold 66,000 shares of Worthington Enterprises stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $64.26, for a total value of $4,241,160.00. Following the completion of the sale, the director now directly owns 76,689 shares in the company, valued at approximately $4,928,035.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Worthington Enterprises Trading Up 2.4 %

Shares of NYSE:WOR opened at $61.96 on Thursday. Worthington Enterprises, Inc. has a 12-month low of $33.96 and a 12-month high of $69.96. The stock has a market cap of $3.10 billion, a PE ratio of 11.33 and a beta of 1.39. The business has a 50 day moving average of $60.59 and a 200-day moving average of $60.85. The company has a quick ratio of 2.47, a current ratio of 3.42 and a debt-to-equity ratio of 0.33.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings data on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.44). Worthington Enterprises had a return on equity of 19.40% and a net margin of 7.12%. The firm had revenue of $316.76 million for the quarter, compared to the consensus estimate of $326.70 million. During the same quarter in the prior year, the firm earned $1.04 EPS. The company’s revenue was down 8.5% on a year-over-year basis.

Institutional Investors Weigh In On Worthington Enterprises

A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Worthington Enterprises by 6.8% in the first quarter. JPMorgan Chase & Co. now owns 195,470 shares of the industrial products company’s stock valued at $10,049,000 after buying an additional 12,396 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Worthington Enterprises by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 574,534 shares of the industrial products company’s stock valued at $29,538,000 after buying an additional 3,213 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Worthington Enterprises by 41.6% in the first quarter. MetLife Investment Management LLC now owns 38,363 shares of the industrial products company’s stock valued at $1,972,000 after buying an additional 11,272 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of Worthington Enterprises by 25.0% in the first quarter. Panagora Asset Management Inc. now owns 17,946 shares of the industrial products company’s stock valued at $923,000 after buying an additional 3,592 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Worthington Enterprises by 11.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,947 shares of the industrial products company’s stock valued at $614,000 after purchasing an additional 1,222 shares in the last quarter. Institutional investors own 51.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on WOR. StockNews.com downgraded Worthington Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Canaccord Genuity Group lifted their price target on Worthington Enterprises from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday. TheStreet raised Worthington Enterprises from a “c+” rating to a “b” rating in a research note on Monday, December 4th. Canaccord Genuity Group assumed coverage on Worthington Enterprises in a research note on Tuesday, January 30th. They issued a “hold” rating and a $56.00 price target on the stock. Finally, The Goldman Sachs Group lifted their target price on Worthington Enterprises from $50.00 to $56.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, Worthington Enterprises has an average rating of “Hold” and an average price target of $61.00.

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.