nVerses Capital LLC Invests $83,000 in Worthington Enterprises, Inc. (NYSE:WOR)

nVerses Capital LLC bought a new stake in Worthington Enterprises, Inc. (NYSE:WOR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,000 shares of the industrial products company’s stock, valued at approximately $83,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new stake in Worthington Enterprises in the first quarter valued at approximately $38,000. Itau Unibanco Holding S.A. purchased a new stake in Worthington Enterprises in the second quarter valued at approximately $57,000. EntryPoint Capital LLC raised 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 purchasing an additional 1,238 shares in the last quarter. SG Americas Securities LLC raised 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 purchasing an additional 391 shares in the last quarter. Finally, MQS Management LLC purchased a new stake in Worthington Enterprises in the second quarter valued at approximately $208,000. 51.59% of the stock is owned by hedge funds and other institutional investors.

Worthington Enterprises Stock Up 0.4 %

Shares of Worthington Enterprises stock opened at $41.81 on Monday. 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, Inc. has a 52-week low of $36.38 and a 52-week high of $69.96. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 55.01 and a beta of 1.25. The company’s 50 day moving average price is $43.35 and its 200-day moving average price is $49.76.

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

Worthington Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.63%. Worthington Enterprises’s dividend payout ratio is currently 89.47%.

Wall Street Analysts Forecast Growth

WOR has been the topic of a number of recent analyst reports. StockNews.com raised shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th. Canaccord Genuity Group reduced their price target on shares of Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. The Goldman Sachs Group reduced their price target on shares of Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating on the stock in a research report on Tuesday, July 2nd. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $46.00 price target on shares of Worthington Enterprises in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $45.00.

Insider Buying and Selling at Worthington Enterprises

In related news, CFO Joseph B. Hayek purchased 2,500 shares of the stock in a transaction dated Friday, October 11th. The stock was purchased at an average price of $40.21 per share, with a total value of $100,525.00. Following the transaction, the chief financial officer now directly owns 168,875 shares in the company, valued at $6,790,463.75. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 37.50% of the company’s stock.

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.