Dimensional Fund Advisors LP Has $109.67 Million Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Dimensional Fund Advisors LP lessened its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,317,202 shares of the industrial products company’s stock after selling 110,508 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.63% of Worthington Enterprises worth $109,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of WOR. Jump Financial LLC acquired a new stake in shares of Worthington Enterprises during the 4th quarter worth approximately $204,000. Principal Financial Group Inc. boosted its stake in Worthington Enterprises by 38.7% in the 4th quarter. Principal Financial Group Inc. now owns 158,912 shares of the industrial products company’s stock valued at $9,145,000 after buying an additional 44,372 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Worthington Enterprises by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 28,863 shares of the industrial products company’s stock valued at $1,661,000 after buying an additional 350 shares in the last quarter. Norges Bank acquired a new stake in Worthington Enterprises in the 4th quarter valued at $19,073,000. Finally, TFO Wealth Partners LLC boosted its stake in 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 buying an additional 1,821 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Analyst Ratings Changes

WOR has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price target on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating on the stock in a research note on Tuesday, July 2nd. StockNews.com lowered Worthington Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, June 26th. Finally, Canaccord Genuity Group decreased their price target on Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating on the stock in a research note on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.33.

Worthington Enterprises Price Performance

Worthington Enterprises stock opened at $44.48 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.86 and a current ratio of 3.78. The firm has a market cap of $2.23 billion, a P/E ratio of 20.13 and a beta of 1.25. The business’s fifty day moving average is $45.91 and its two-hundred day moving average is $52.60. 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 Wednesday, June 26th. The industrial products company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.14). The business had revenue of $318.80 million during the quarter, compared to analyst estimates of $352.82 million. Worthington Enterprises had a return on equity of 15.57% and a net margin of 3.79%. Worthington Enterprises’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.74 EPS.

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.