Worthington Enterprises, Inc. (NYSE:WOR) Shares Purchased by Monument Capital Management

Monument Capital Management raised its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 28.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,314 shares of the industrial products company’s stock after acquiring an additional 10,397 shares during the period. Monument Capital Management’s holdings in Worthington Enterprises were worth $2,882,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Gerber LLC acquired a new position in shares of Worthington Enterprises in the fourth quarter valued at approximately $1,856,000. Louisiana State Employees Retirement System purchased a new position in Worthington Enterprises in the 4th quarter valued at $875,000. Capital International Investors acquired a new position in Worthington Enterprises in the 4th quarter valued at $26,329,000. Allspring Global Investments Holdings LLC raised its position in Worthington Enterprises by 36.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 61,907 shares of the industrial products company’s stock worth $3,563,000 after buying an additional 16,403 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Worthington Enterprises by 38.7% in the 4th quarter. Principal Financial Group Inc. now owns 158,912 shares of the industrial products company’s stock worth $9,145,000 after acquiring an additional 44,372 shares during the period. 51.59% of the stock is owned by institutional investors and hedge funds.

Worthington Enterprises Price Performance

Shares of NYSE WOR traded up $0.59 during midday trading on Wednesday, hitting $45.77. The company had a trading volume of 35,739 shares, compared to its average volume of 299,604. The company has a quick ratio of 2.86, a current ratio of 3.78 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $55.02 and a two-hundred day simple moving average of $57.79. Worthington Enterprises, Inc. has a twelve month low of $36.29 and a twelve month high of $69.96. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 20.44 and a beta of 1.29.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings results on Wednesday, June 26th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.14). The company had revenue of $318.80 million for the quarter, compared to analyst estimates of $352.82 million. Worthington Enterprises had a net margin of 3.79% and a return on equity of 15.57%. Worthington Enterprises’s revenue was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.74 earnings per share.

Insiders Place Their Bets

In other news, Director Ozey K. Horton, Jr. sold 1,000 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $61.34, for a total value of $61,340.00. Following the completion of the transaction, the director now owns 40,688 shares in the company, valued at $2,495,801.92. The sale was disclosed in a document filed with the SEC, which is available at this link. 38.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on WOR shares. Canaccord Genuity Group dropped their price target on shares of Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating on the stock in a research note on Thursday, June 27th. The Goldman Sachs Group dropped their target price on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating on the stock in a research report on Tuesday. Finally, StockNews.com cut Worthington Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $50.33.

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.