Worthington Enterprises, Inc. (NYSE:WOR) Shares Acquired by Strs Ohio

Strs Ohio grew its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 14.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,200 shares of the industrial products company’s stock after acquiring an additional 1,900 shares during the quarter. Strs Ohio’s holdings in Worthington Enterprises were worth $874,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WOR. Ritholtz Wealth Management increased its stake in Worthington Enterprises by 2.2% in the fourth quarter. Ritholtz Wealth Management now owns 11,477 shares of the industrial products company’s stock valued at $660,000 after purchasing an additional 251 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Worthington Enterprises by 9.0% in the 4th quarter. Raymond James & Associates now owns 4,304 shares of the industrial products company’s stock valued at $248,000 after buying an additional 357 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Worthington Enterprises by 11.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,794 shares of the industrial products company’s stock valued at $235,000 after buying an additional 400 shares during the last quarter. Verity Asset Management Inc. raised its stake in Worthington Enterprises by 4.5% during the 3rd quarter. Verity Asset Management Inc. now owns 11,584 shares of the industrial products company’s stock worth $716,000 after acquiring an additional 495 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Worthington Enterprises in the third quarter valued at $31,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Stock Down 1.3 %

WOR opened at $58.84 on Thursday. Worthington Enterprises, Inc. has a 52 week low of $33.96 and a 52 week high of $69.96. The business has a 50 day moving average price of $61.44 and a two-hundred day moving average price of $59.86. The company has a quick ratio of 2.47, a current ratio of 3.42 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.95 billion, a PE ratio of 10.76 and a beta of 1.39.

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

Insider Transactions at Worthington Enterprises

In other news, Director Ozey K. Horton, Jr. sold 1,000 shares of Worthington Enterprises stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $61.34, for a total value of $61,340.00. Following the sale, the director now owns 40,688 shares of the company’s stock, valued at $2,495,801.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Michael J. Endres sold 66,000 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following the transaction, the director now owns 76,689 shares of the company’s stock, valued at $4,928,035.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ozey K. Horton, Jr. sold 1,000 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $61.34, for a total value of $61,340.00. Following the completion of the sale, the director now directly owns 40,688 shares of the company’s stock, valued at approximately $2,495,801.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,000 shares of company stock worth $4,364,750. Company insiders own 38.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com cut Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Canaccord Genuity Group began coverage on Worthington Enterprises in a research report on Tuesday, January 30th. They set a “hold” rating and a $56.00 price target on the stock. The Goldman Sachs Group increased their price objective on Worthington Enterprises from $50.00 to $56.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Finally, Canaccord Genuity Group raised their target price on shares of Worthington Enterprises from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.00.

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.