Jackson Creek Investment Advisors LLC Cuts Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

Jackson Creek Investment Advisors LLC decreased its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 9.1% in the 4th quarter, HoldingsChannel reports. The firm owned 15,600 shares of the industrial products company’s stock after selling 1,565 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Worthington Enterprises were worth $898,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its position in Worthington Enterprises by 5.2% in the 4th quarter. Russell Investments Group Ltd. now owns 36,604 shares of the industrial products company’s stock valued at $2,109,000 after buying an additional 1,802 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Worthington Enterprises by 9.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 35,822 shares of the industrial products company’s stock valued at $2,062,000 after buying an additional 2,983 shares during the period. Yousif Capital Management LLC raised its holdings in Worthington Enterprises by 6.8% in the fourth quarter. Yousif Capital Management LLC now owns 15,153 shares of the industrial products company’s stock valued at $872,000 after acquiring an additional 968 shares in the last quarter. GAMMA Investing LLC acquired a new position in Worthington Enterprises during the 4th quarter worth approximately $53,000. Finally, New York State Common Retirement Fund increased its position in shares of Worthington Enterprises by 2.7% in the 4th quarter. New York State Common Retirement Fund now owns 37,378 shares of the industrial products company’s stock valued at $2,151,000 after purchasing an additional 996 shares during the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Trading Down 1.9 %

Shares of Worthington Enterprises stock opened at $57.18 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.47 and a current ratio of 3.42. The company has a market capitalization of $2.87 billion, a P/E ratio of 10.45 and a beta of 1.39. Worthington Enterprises, Inc. has a 1 year low of $33.96 and a 1 year high of $69.96. The company’s fifty day moving average is $61.09 and its two-hundred day moving average is $59.76.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.44). The company had revenue of $316.76 million for the quarter, compared to analysts’ expectations of $326.70 million. Worthington Enterprises had a return on equity of 19.40% and a net margin of 7.12%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 EPS.

Insider Buying and Selling at Worthington Enterprises

In other Worthington Enterprises news, Director Ozey K. Horton, Jr. sold 1,000 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $61.34, for a total value of $61,340.00. Following the transaction, the director now directly owns 40,688 shares of the company’s stock, valued at approximately $2,495,801.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Worthington Enterprises news, Director Ozey K. Horton, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $61.34, for a total transaction of $61,340.00. Following the transaction, the director now owns 40,688 shares in the company, valued at approximately $2,495,801.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Endres sold 66,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $64.26, for a total value of $4,241,160.00. Following the completion of the sale, the director now directly owns 76,689 shares of the company’s stock, valued at $4,928,035.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,000 shares of company stock worth $4,364,750. 38.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on WOR shares. Canaccord Genuity Group lifted their price target on Worthington Enterprises from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, March 25th. The Goldman Sachs Group upped their target price on shares of Worthington Enterprises from $50.00 to $56.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Canaccord Genuity Group assumed coverage on shares of Worthington Enterprises in a research note on Tuesday, January 30th. They issued a “hold” rating and a $56.00 price objective for the company. Finally, StockNews.com downgraded Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.00.

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.