Worthington Enterprises, Inc. (NYSE:WOR) Shares Bought by Raymond James & Associates

Raymond James & Associates grew its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,304 shares of the industrial products company’s stock after purchasing an additional 357 shares during the quarter. Raymond James & Associates’ holdings in Worthington Enterprises were worth $248,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Worthington Enterprises by 8.8% in the third quarter. Vanguard Group Inc. now owns 3,658,961 shares of the industrial products company’s stock worth $226,197,000 after acquiring an additional 297,139 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Worthington Enterprises by 193.8% in the third quarter. Acadian Asset Management LLC now owns 203,299 shares of the industrial products company’s stock valued at $12,556,000 after buying an additional 134,095 shares during the last quarter. FMR LLC lifted its stake in shares of Worthington Enterprises by 3,957.0% in the third quarter. FMR LLC now owns 90,674 shares of the industrial products company’s stock worth $5,605,000 after buying an additional 88,439 shares in the last quarter. Invesco Ltd. boosted its position in Worthington Enterprises by 39.6% during the third quarter. Invesco Ltd. now owns 273,139 shares of the industrial products company’s stock worth $16,885,000 after acquiring an additional 77,471 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Worthington Enterprises by 824.8% during the 3rd quarter. American Century Companies Inc. now owns 83,835 shares of the industrial products company’s stock valued at $5,183,000 after acquiring an additional 74,770 shares in the last quarter. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Insider Buying and Selling at Worthington Enterprises

In other news, Director Michael J. Endres sold 66,000 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following the sale, the director now owns 76,689 shares of the company’s stock, valued at $4,928,035.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Ozey K. Horton, Jr. sold 1,000 shares of Worthington Enterprises stock in a transaction that occurred 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 in the company, valued at $2,495,801.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Endres sold 66,000 shares of the firm’s 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 in the company, valued at $4,928,035.14. The disclosure for this sale can be found here. Insiders sold 68,000 shares of company stock valued at $4,364,750 in the last 90 days. Company insiders own 38.50% of the company’s stock.

Worthington Enterprises Trading Down 0.3 %

WOR opened at $58.26 on Tuesday. The company has a quick ratio of 2.47, a current ratio of 3.42 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.92 billion, a P/E ratio of 10.65 and a beta of 1.39. Worthington Enterprises, Inc. has a 52 week low of $33.96 and a 52 week high of $69.96. The business has a fifty day simple moving average of $61.20 and a 200-day simple moving average of $59.79.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings results on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share (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 for the quarter, compared to analysts’ expectations of $326.70 million. During the same quarter last year, the company earned $1.04 earnings per share. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WOR. The Goldman Sachs Group boosted their price objective on Worthington Enterprises from $50.00 to $56.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. StockNews.com cut shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Canaccord Genuity Group initiated coverage on Worthington Enterprises in a research report on Tuesday, January 30th. They issued a “hold” rating and a $56.00 price objective for the company. Finally, Canaccord Genuity Group lifted their target price on Worthington Enterprises from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $61.00.

About Worthington Enterprises

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.