Thrivent Financial for Lutherans Has $1.20 Million Position in Worthington Enterprises, Inc. (NYSE:WOR)

Thrivent Financial for Lutherans reduced its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,393 shares of the industrial products company’s stock after selling 1,063 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.05% of Worthington Enterprises worth $1,202,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of WOR. Fidelis Capital Partners LLC purchased a new stake in shares of Worthington Enterprises during the first quarter worth $38,000. Neo Ivy Capital Management bought a new position in Worthington Enterprises during the fourth quarter valued at approximately $81,000. EntryPoint Capital LLC lifted its stake in Worthington Enterprises by 255.3% in the first quarter. EntryPoint Capital LLC now owns 1,723 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 1,238 shares during the last quarter. SG Americas Securities LLC lifted its stake in Worthington Enterprises by 19.7% in the first quarter. SG Americas Securities LLC now owns 2,376 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 391 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Worthington Enterprises in the first quarter worth approximately $226,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Trading Up 1.9 %

Worthington Enterprises stock opened at $41.85 on Friday. The business’s 50-day simple moving average is $44.52 and its 200-day simple moving average is $51.35. Worthington Enterprises, Inc. has a 52 week low of $36.29 and a 52 week high of $69.96. The firm has a market capitalization of $2.10 billion, a PE ratio of 18.94 and a beta of 1.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.34 and a current ratio of 3.47.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings results on Tuesday, September 24th. The industrial products company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.21). The business had revenue of $257.31 million for the quarter, compared to analyst estimates of $296.05 million. Worthington Enterprises had a return on equity of 12.23% and a net margin of 1.96%. The firm’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.06 earnings per share.

Analyst Upgrades and Downgrades

WOR has been the subject of several analyst reports. The Goldman Sachs Group decreased their price objective on shares of Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating for the company in a report on Tuesday, July 2nd. Canaccord Genuity Group decreased their price target on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. StockNews.com raised Worthington Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $46.00 target price on shares of Worthington Enterprises in a research report on Friday. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat, Worthington Enterprises presently has an average rating of “Hold” and a consensus price target of $45.00.

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.