ProShare Advisors LLC Sells 46,852 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

ProShare Advisors LLC cut its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 27.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,054 shares of the industrial products company’s stock after selling 46,852 shares during the quarter. ProShare Advisors LLC owned approximately 0.25% of Worthington Enterprises worth $7,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. New York State Teachers Retirement System lifted its position in shares of Worthington Enterprises by 0.3% in the 1st quarter. New York State Teachers Retirement System now owns 57,557 shares of the industrial products company’s stock worth $3,582,000 after purchasing an additional 200 shares during the period. Millburn Ridgefield Corp boosted its position in shares of Worthington Enterprises by 55.7% during the fourth quarter. Millburn Ridgefield Corp now owns 576 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 206 shares in the last quarter. Ritholtz Wealth Management grew its stake in Worthington Enterprises by 2.2% in the fourth quarter. Ritholtz Wealth Management now owns 11,477 shares of the industrial products company’s stock worth $660,000 after purchasing an additional 251 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Worthington Enterprises by 3.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 8,153 shares of the industrial products company’s stock worth $454,000 after purchasing an additional 293 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Worthington Enterprises by 1.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,863 shares of the industrial products company’s stock valued at $1,661,000 after buying an additional 350 shares during the period. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Stock Performance

Shares of NYSE WOR opened at $49.27 on Thursday. Worthington Enterprises, Inc. has a 12-month low of $36.29 and a 12-month high of $69.96. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 22.29 and a beta of 1.28. The company has a current ratio of 3.78, a quick ratio of 2.86 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $52.50 and a 200 day moving average of $56.94.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings data 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 business had revenue of $318.80 million for the quarter, compared to the consensus estimate of $352.82 million. Worthington Enterprises had a net margin of 3.79% and a return on equity of 15.57%. During the same period in the previous year, the firm earned $2.74 EPS. The company’s revenue was down 13.6% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Worthington Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, June 26th. The Goldman Sachs Group reduced their price objective on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating for the company in a research report on Tuesday, July 2nd. Finally, Canaccord Genuity Group dropped their target price 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. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, Worthington Enterprises has an average rating of “Hold” and a consensus target price of $50.33.

Worthington Enterprises 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.