Victory Capital Management Inc. Has $578,000 Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Victory Capital Management Inc. lessened its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 44.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,950 shares of the industrial products company’s stock after selling 11,270 shares during the quarter. Victory Capital Management Inc.’s holdings in Worthington Enterprises were worth $578,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new stake in Worthington Enterprises during the second quarter worth about $57,000. nVerses Capital LLC acquired a new position in shares of Worthington Enterprises in the 3rd quarter worth approximately $83,000. Eastern Bank bought a new stake in Worthington Enterprises during the 3rd quarter worth approximately $121,000. MQS Management LLC bought a new stake in Worthington Enterprises during the 2nd quarter worth approximately $208,000. Finally, Hsbc Holdings PLC increased its holdings in Worthington Enterprises by 10.9% during the 2nd quarter. Hsbc Holdings PLC now owns 4,531 shares of the industrial products company’s stock valued at $214,000 after purchasing an additional 445 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Trading Up 1.1 %

NYSE:WOR opened at $40.63 on Friday. The company has a quick ratio of 2.34, a current ratio of 3.47 and a debt-to-equity ratio of 0.33. Worthington Enterprises, Inc. has a twelve month low of $38.24 and a twelve month high of $69.96. The company has a market cap of $2.04 billion, a P/E ratio of 53.46 and a beta of 1.26. The business has a 50 day moving average price of $40.76 and a two-hundred day moving average price of $46.12.

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

Worthington Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, December 13th. Worthington Enterprises’s payout ratio is presently 89.47%.

Insider Activity

In other news, CFO Joseph B. Hayek acquired 2,500 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were purchased at an average cost of $40.21 per share, with a total value of $100,525.00. Following the acquisition, the chief financial officer now directly owns 168,875 shares in the company, valued at $6,790,463.75. This represents a 1.50 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 37.50% of the company’s stock.

Analyst Ratings Changes

WOR has been the topic of several research reports. 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. StockNews.com upgraded shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $46.00 price target on shares of Worthington Enterprises in a report on Friday, October 4th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.