Measured Wealth Private Client Group LLC Sells 4,823 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Measured Wealth Private Client Group LLC decreased its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 59.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,354 shares of the industrial products company’s stock after selling 4,823 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Worthington Enterprises were worth $209,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Pacer Advisors Inc. raised its holdings in Worthington Enterprises by 67,348.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,224,452 shares of the industrial products company’s stock valued at $128,017,000 after acquiring an additional 2,221,154 shares in the last quarter. Capital International Investors bought a new position in Worthington Enterprises in the fourth quarter worth $26,329,000. Norges Bank acquired a new stake in Worthington Enterprises during the fourth quarter worth $19,073,000. Vanguard Group Inc. increased its holdings in Worthington Enterprises by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 3,658,961 shares of the industrial products company’s stock valued at $226,197,000 after buying an additional 297,139 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Worthington Enterprises by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,448,876 shares of the industrial products company’s stock valued at $140,934,000 after buying an additional 125,592 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Stock Down 0.2 %

NYSE WOR opened at $45.18 on Wednesday. The stock’s 50 day simple moving average is $55.02 and its 200 day simple moving average is $57.79. Worthington Enterprises, Inc. has a one year low of $36.29 and a one year high of $69.96. The firm has a market cap of $2.26 billion, a PE ratio of 20.44 and a beta of 1.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.78 and a quick ratio of 2.86.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Wednesday, June 26th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.14). Worthington Enterprises had a net margin of 3.79% and a return on equity of 15.57%. The business had revenue of $318.80 million during the quarter, compared to the consensus estimate of $352.82 million. During the same period in the prior year, the firm earned $2.74 earnings per share. The business’s quarterly revenue was down 13.6% compared to the same quarter last year.

Analysts Set New Price Targets

A number of research firms recently weighed in on WOR. The Goldman Sachs Group lowered their target price on shares of Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating on the stock in a research note on Tuesday. Canaccord Genuity Group dropped 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, June 27th. Finally, StockNews.com downgraded Worthington Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, June 26th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat, Worthington Enterprises presently has a consensus rating of “Hold” and an average target price of $50.33.

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 stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 38.50% of the stock is owned by company insiders.

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.