Creative Planning Has $549,000 Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

Creative Planning raised its position in Worthington Enterprises, Inc. (NYSE:WOR) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,234 shares of the industrial products company’s stock after acquiring an additional 1,074 shares during the period. Creative Planning’s holdings in Worthington Enterprises were worth $549,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WOR. Fidelis Capital Partners LLC acquired a new position in Worthington Enterprises in the 1st quarter valued at approximately $38,000. Itau Unibanco Holding S.A. bought a new stake in shares of Worthington Enterprises in the 2nd quarter valued at approximately $57,000. EntryPoint Capital LLC grew its stake in shares of Worthington Enterprises by 255.3% in the 1st 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 during the period. SG Americas Securities LLC grew its stake in shares of Worthington Enterprises by 19.7% in the 1st 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 during the period. Finally, MQS Management LLC bought a new stake in shares of Worthington Enterprises in the 2nd quarter valued at approximately $208,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Stock Up 1.5 %

NYSE WOR opened at $39.31 on Wednesday. The firm has a market cap of $1.98 billion, a PE ratio of 51.72 and a beta of 1.26. Worthington Enterprises, Inc. has a one year low of $37.85 and a one year high of $69.96. The stock’s 50 day simple moving average is $42.02 and its 200 day simple moving average is $48.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.47 and a quick ratio of 2.34.

Worthington Enterprises (NYSE:WOR) last released 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 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 was down 17.5% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share.

Worthington Enterprises Dividend Announcement

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 $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.73%. Worthington Enterprises’s payout ratio is 89.47%.

Insider Transactions at Worthington Enterprises

In other news, CFO Joseph B. Hayek bought 2,500 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was bought at an average price of $40.21 per share, for a total transaction of $100,525.00. Following the completion of the transaction, the chief financial officer now directly owns 168,875 shares in the company, valued at $6,790,463.75. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 37.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WOR has been the topic of several analyst reports. Canaccord Genuity Group lowered their price objective on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. Canaccord Genuity Group reiterated a “hold” rating and issued a $46.00 price objective on shares of Worthington Enterprises in a research note on Friday, October 4th. Finally, StockNews.com upgraded Worthington Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, Worthington Enterprises currently has an average rating of “Hold” and a consensus target price of $45.00.

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.