Cerity Partners LLC Purchases New Position in Worthington Enterprises, Inc. (NYSE:WOR)

Cerity Partners LLC purchased a new stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,554 shares of the industrial products company’s stock, valued at approximately $320,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in Worthington Enterprises during the third quarter valued at approximately $31,000. FSC Wealth Advisors LLC purchased a new stake in Worthington Enterprises during the third quarter valued at approximately $35,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Worthington Enterprises during the third quarter valued at approximately $97,000. CI Investments Inc. purchased a new stake in Worthington Enterprises during the third quarter valued at approximately $134,000. Finally, Versor Investments LP purchased a new stake in Worthington Enterprises during the third quarter valued at approximately $204,000. 51.59% of the stock is owned by institutional investors.

Worthington Enterprises Trading Up 1.4 %

Shares of NYSE WOR opened at $58.41 on Friday. The business’s 50 day moving average price is $61.27 and its 200-day moving average price is $59.82. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 10.68 and a beta of 1.39. Worthington Enterprises, Inc. has a fifty-two week low of $33.96 and a fifty-two week high of $69.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.47 and a current ratio of 3.42.

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

Wall Street Analyst Weigh In

WOR has been the topic of a number of recent research reports. Canaccord Genuity Group upped their price objective on Worthington Enterprises from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Canaccord Genuity Group began coverage on Worthington Enterprises in a report on Tuesday, January 30th. They issued a “hold” rating and a $56.00 price target on the stock. The Goldman Sachs Group increased their price target on Worthington Enterprises from $50.00 to $56.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Finally, StockNews.com downgraded Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, Worthington Enterprises has a consensus rating of “Hold” and an average target price of $61.00.

Insiders Place Their Bets

In other Worthington Enterprises news, Director Ozey K. Horton, Jr. sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $62.25, for a total transaction of $62,250.00. Following the transaction, the director now directly owns 41,688 shares in the company, valued at approximately $2,595,078. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Worthington Enterprises news, Director Ozey K. Horton, Jr. sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $62.25, for a total transaction of $62,250.00. Following the transaction, the director now directly owns 41,688 shares in the company, valued at approximately $2,595,078. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Endres sold 66,000 shares of the stock in a transaction on Friday, March 22nd. The shares were 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. Insiders have sold 68,000 shares of company stock worth $4,364,750 in the last ninety days. 38.50% of the stock is owned by company insiders.

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.