Hancock Whitney Corp Has $244,000 Position in Worthington Enterprises, Inc. (NYSE:WOR)

Hancock Whitney Corp cut its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 9.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,164 shares of the industrial products company’s stock after selling 509 shares during the quarter. Hancock Whitney Corp’s holdings in Worthington Enterprises were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WOR. Vanguard Group Inc. increased its position in Worthington Enterprises by 6.6% in the 4th quarter. Vanguard Group Inc. now owns 3,901,794 shares of the industrial products company’s stock worth $224,548,000 after purchasing an additional 242,833 shares during the last quarter. Gerber LLC acquired a new position in Worthington Enterprises in the fourth quarter worth approximately $1,856,000. Denali Advisors LLC raised its position in Worthington Enterprises by 35.4% during the first quarter. Denali Advisors LLC now owns 81,021 shares of the industrial products company’s stock valued at $5,042,000 after acquiring an additional 21,164 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Worthington Enterprises by 58.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 58,184 shares of the industrial products company’s stock valued at $3,621,000 after acquiring an additional 21,543 shares during the last quarter. Finally, Capital International Investors acquired a new stake in Worthington Enterprises in the fourth quarter valued at approximately $26,329,000. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Worthington Enterprises Stock Performance

NYSE:WOR opened at $44.48 on Tuesday. The firm has a market capitalization of $2.23 billion, a PE ratio of 20.13 and a beta of 1.25. The company has a current ratio of 3.78, a quick ratio of 2.86 and a debt-to-equity ratio of 0.33. Worthington Enterprises, Inc. has a 1 year low of $36.29 and a 1 year high of $69.96. The firm’s fifty day simple moving average is $45.91 and its 200 day simple moving average is $52.60.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings data 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 return on equity of 15.57% and a net margin of 3.79%. The business had revenue of $318.80 million for the quarter, compared to analyst estimates of $352.82 million. During the same period in the prior year, the firm posted $2.74 EPS. Worthington Enterprises’s revenue for the quarter was down 13.6% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WOR shares. StockNews.com downgraded shares of Worthington Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, June 26th. Canaccord Genuity Group reduced their price target on Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating for the company in a research report on Thursday, June 27th. Finally, The Goldman Sachs Group lowered their price objective on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating on the stock in a report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.33.

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.