Wellington Management Group LLP Raises Position in Worthington Enterprises, Inc. (NYSE:WOR)

Wellington Management Group LLP boosted its position in Worthington Enterprises, Inc. (NYSE:WOR) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,178 shares of the industrial products company’s stock after purchasing an additional 5,706 shares during the period. Wellington Management Group LLP owned about 0.15% of Worthington Enterprises worth $4,326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Neo Ivy Capital Management purchased a new position in shares of Worthington Enterprises during the 4th quarter valued at $81,000. Quantedge Capital Pte Ltd bought a new position in Worthington Enterprises during the fourth quarter worth about $201,000. Capital International Investors bought a new position in Worthington Enterprises during the fourth quarter worth about $26,329,000. Private Wealth Strategies L.L.C. bought a new stake in shares of Worthington Enterprises in the fourth quarter valued at approximately $5,092,000. Finally, TFO Wealth Partners LLC lifted its stake in shares of Worthington Enterprises by 60,700.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,824 shares of the industrial products company’s stock valued at $105,000 after buying an additional 1,821 shares in the last quarter. 51.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on WOR. The Goldman Sachs Group boosted their target price on shares of Worthington Enterprises from $50.00 to $56.00 and gave the company a “sell” rating in a report on Friday, March 22nd. StockNews.com cut Worthington Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Canaccord Genuity Group reduced their target price on Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $58.00.

Insider Transactions at Worthington Enterprises

In other news, Director Ozey K. Horton, Jr. sold 1,000 shares of Worthington Enterprises stock in a transaction on Friday, April 5th. The shares were sold at an average price of $61.34, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 38.50% of the company’s stock.

Worthington Enterprises Price Performance

Worthington Enterprises stock opened at $47.33 on Friday. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 21.42 and a beta of 1.35. The company has a quick ratio of 2.47, a current ratio of 3.78 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $55.55 and a 200 day simple moving average of $57.93. Worthington Enterprises, Inc. has a 52 week low of $36.29 and a 52 week high of $69.96.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings data on Tuesday, June 25th. The industrial products company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.14). Worthington Enterprises had a return on equity of 15.57% and a net margin of 3.79%. The company had revenue of $318.80 million during the quarter, compared to the consensus estimate of $352.82 million. During the same quarter last year, the company posted $2.74 earnings per share. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis.

Worthington Enterprises 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.