Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in Worthington Enterprises, Inc. (NYSE:WORFree Report) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,472 shares of the industrial products company’s stock after selling 1,957 shares during the period. Wellington Management Group LLP’s holdings in Worthington Enterprises were worth $4,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in WOR. JPMorgan Chase & Co. raised its position in shares of Worthington Enterprises by 6.8% during the 1st quarter. JPMorgan Chase & Co. now owns 195,470 shares of the industrial products company’s stock worth $10,049,000 after acquiring an additional 12,396 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Worthington Enterprises by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 574,534 shares of the industrial products company’s stock worth $29,538,000 after acquiring an additional 3,213 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Worthington Enterprises by 41.6% during the 1st quarter. MetLife Investment Management LLC now owns 38,363 shares of the industrial products company’s stock worth $1,972,000 after acquiring an additional 11,272 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Worthington Enterprises by 25.0% during the 1st quarter. Panagora Asset Management Inc. now owns 17,946 shares of the industrial products company’s stock worth $923,000 after acquiring an additional 3,592 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Worthington Enterprises by 11.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,947 shares of the industrial products company’s stock worth $614,000 after acquiring an additional 1,222 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Trading Down 2.9 %

Shares of WOR stock opened at $60.53 on Wednesday. The business’s 50 day moving average is $60.40 and its two-hundred day moving average is $60.85. Worthington Enterprises, Inc. has a twelve month low of $33.96 and a twelve month high of $69.96. The company has a market capitalization of $3.03 billion, a P/E ratio of 11.07 and a beta of 1.39. The company has a current ratio of 3.42, a quick ratio of 2.47 and a debt-to-equity ratio of 0.33.

Worthington Enterprises (NYSE:WORGet Free Report) last announced its earnings results on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.44). Worthington Enterprises had a net margin of 7.12% and a return on equity of 19.40%. The company had revenue of $316.76 million during the quarter, compared to analysts’ expectations of $326.70 million. During the same quarter last year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year.

Insider Buying and Selling at Worthington Enterprises

In other Worthington Enterprises news, Director Michael J. Endres sold 66,000 shares of Worthington Enterprises stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $64.26, for a total value of $4,241,160.00. Following the transaction, the director now directly owns 76,689 shares in the company, valued at approximately $4,928,035.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 38.50% of the company’s stock.

Analyst Ratings Changes

WOR has been the topic of several research analyst reports. StockNews.com lowered Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. 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 research report on Monday. Canaccord Genuity Group initiated coverage on Worthington Enterprises in a research report on Tuesday, January 30th. They set a “hold” rating and a $56.00 price target on the stock. TheStreet raised Worthington Enterprises from a “c+” rating to a “b” rating in a research report on Monday, December 4th. Finally, The Goldman Sachs Group lifted their price target on Worthington Enterprises from $50.00 to $56.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.00.

Get Our Latest Research Report on WOR

About Worthington Enterprises

(Free Report)

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.

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Institutional Ownership by Quarter for Worthington Enterprises (NYSE:WOR)

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