Strs Ohio Boosts Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Strs Ohio increased its position in Worthington Enterprises, Inc. (NYSE:WOR) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,200 shares of the industrial products company’s stock after purchasing an additional 1,900 shares during the quarter. Strs Ohio’s holdings in Worthington Enterprises were worth $874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Worthington Enterprises by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 3,658,961 shares of the industrial products company’s stock worth $226,197,000 after buying an additional 297,139 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Worthington Enterprises by 67,348.5% in the fourth quarter. Pacer Advisors Inc. now owns 2,224,452 shares of the industrial products company’s stock valued at $128,017,000 after purchasing an additional 2,221,154 shares during the last quarter. Invesco Ltd. grew its stake in Worthington Enterprises by 39.6% during the 3rd quarter. Invesco Ltd. now owns 273,139 shares of the industrial products company’s stock valued at $16,885,000 after purchasing an additional 77,471 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Worthington Enterprises by 193.8% during the 3rd quarter. Acadian Asset Management LLC now owns 203,299 shares of the industrial products company’s stock worth $12,556,000 after purchasing an additional 134,095 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Worthington Enterprises by 2.3% in the 3rd quarter. Rhumbline Advisers now owns 118,091 shares of the industrial products company’s stock valued at $7,300,000 after purchasing an additional 2,693 shares in the last quarter. 51.59% of the stock is owned by institutional investors and hedge funds.

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 on Friday, March 22nd. The shares were sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following the completion of the sale, the director now owns 76,689 shares of the company’s stock, valued at approximately $4,928,035.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other 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 completion of the transaction, the director now owns 40,688 shares of the company’s stock, valued at approximately $2,495,801.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Endres sold 66,000 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 76,689 shares in the company, valued at approximately $4,928,035.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,000 shares of company stock worth $4,364,750. Company insiders own 38.50% of the company’s stock.

Analysts Set New Price Targets

WOR has been the subject of a number of recent analyst reports. Canaccord Genuity Group started coverage on shares of Worthington Enterprises in a research report on Tuesday, January 30th. They set a “hold” rating and a $56.00 price target for the company. Canaccord Genuity Group raised their price objective on shares of Worthington Enterprises from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, March 25th. StockNews.com downgraded shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group increased their price target on shares of Worthington Enterprises from $50.00 to $56.00 and gave the stock a “sell” rating in a research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.00.

Worthington Enterprises Stock Down 1.3 %

WOR stock opened at $58.84 on Thursday. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 10.76 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 firm has a fifty day moving average price of $61.44 and a two-hundred day moving average price of $59.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.42 and a quick ratio of 2.47.

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

Worthington Enterprises Company 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.