Vanguard Group Inc. Increases Stock Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Vanguard Group Inc. boosted its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,901,794 shares of the industrial products company’s stock after buying an additional 242,833 shares during the period. Vanguard Group Inc. owned approximately 7.81% of Worthington Enterprises worth $224,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp raised its position in shares of Worthington Enterprises by 55.7% in the 4th quarter. Millburn Ridgefield Corp now owns 576 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 206 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Worthington Enterprises during the fourth quarter worth $53,000. Neo Ivy Capital Management acquired a new stake in shares of Worthington Enterprises during the fourth quarter worth $81,000. TFO Wealth Partners LLC increased its position in shares of Worthington Enterprises by 60,700.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,824 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 1,821 shares during the period. Finally, Quantedge Capital Pte Ltd purchased a new position in Worthington Enterprises in the 4th quarter worth $201,000. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Worthington Enterprises Stock Performance

NYSE WOR opened at $45.27 on Tuesday. The firm has a market capitalization of $2.27 billion, a P/E ratio of 20.48 and a beta of 1.29. The stock has a 50-day simple moving average of $55.31 and a two-hundred day simple moving average of $57.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.86 and a current ratio of 3.78. Worthington Enterprises, Inc. has a fifty-two week low of $36.29 and a fifty-two week high of $69.96.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings results on Wednesday, June 26th. 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 net margin of 3.79% and a return on equity of 15.57%. The company had revenue of $318.80 million for the quarter, compared to analysts’ expectations of $352.82 million. During the same quarter in the prior year, the business posted $2.74 earnings per share. The firm’s revenue was down 13.6% compared to the same quarter last year.

Insider Activity

In related news, Director Ozey K. Horton, Jr. sold 1,000 shares of the 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 sale, the director now directly 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 38.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WOR shares. The Goldman Sachs Group boosted their price target on Worthington Enterprises from $50.00 to $56.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Canaccord Genuity Group cut their price target on shares of Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating on the stock in a report on Thursday, June 27th. Finally, StockNews.com lowered shares of Worthington Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $54.67.

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.