Worthington Enterprises, Inc. $WOR Shares Sold by Versor Investments LP

Versor Investments LP lowered its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 80.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 6,026 shares of the industrial products company’s stock after selling 25,573 shares during the quarter. Versor Investments LP’s holdings in Worthington Enterprises were worth $383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WOR. Teacher Retirement System of Texas acquired a new stake in Worthington Enterprises during the 1st quarter worth about $238,000. Principal Financial Group Inc. lifted its position in Worthington Enterprises by 1.9% during the 1st quarter. Principal Financial Group Inc. now owns 154,928 shares of the industrial products company’s stock worth $7,760,000 after acquiring an additional 2,930 shares during the period. Mutual of America Capital Management LLC acquired a new stake in Worthington Enterprises during the 1st quarter worth about $226,000. Edgestream Partners L.P. acquired a new stake in Worthington Enterprises during the 1st quarter worth about $4,103,000. Finally, Victory Capital Management Inc. lifted its position in Worthington Enterprises by 1.3% during the 1st quarter. Victory Capital Management Inc. now owns 30,188 shares of the industrial products company’s stock worth $1,512,000 after acquiring an additional 374 shares during the period. Institutional investors and hedge funds own 51.59% of the company’s stock.

Insiders Place Their Bets

In other Worthington Enterprises news, Director Michael J. Endres purchased 10,000 shares of Worthington Enterprises stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $52.95 per share, with a total value of $529,500.00. Following the acquisition, the director owned 95,524 shares of the company’s stock, valued at $5,057,995.80. This trade represents a 11.69% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WOR has been the subject of several analyst reports. Zacks Research cut Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday, October 8th. CJS Securities raised Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 price objective for the company in a report on Wednesday, September 24th. Wall Street Zen cut Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 11th. Finally, Canaccord Genuity Group decreased their price objective on Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.33.

Worthington Enterprises Stock Performance

NYSE WOR opened at $56.15 on Thursday. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 26.36 and a beta of 1.25. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $70.91. The company has a current ratio of 3.30, a quick ratio of 2.24 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $58.86 and a 200 day moving average of $59.86.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Wednesday, December 28th. The industrial products company reported $2.12 earnings per share for the quarter. The company had revenue of $1.23 billion during the quarter. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.91%. Sell-side analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.4%. Worthington Enterprises’s dividend payout ratio is presently 35.68%.

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.