Federated Hermes Inc. Sells 6,267 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Federated Hermes Inc. lowered its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 91.4% in the fourth quarter, Holdings Channel reports. The firm owned 592 shares of the industrial products company’s stock after selling 6,267 shares during the period. Federated Hermes Inc.’s holdings in Worthington Enterprises were worth $34,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WOR. Strs Ohio grew its holdings in shares of Worthington Enterprises by 14.3% in the 4th quarter. Strs Ohio now owns 15,200 shares of the industrial products company’s stock valued at $874,000 after buying an additional 1,900 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Worthington Enterprises during the 4th quarter worth $875,000. G2 Capital Management LLC OH lifted its holdings in Worthington Enterprises by 26.6% during the fourth quarter. G2 Capital Management LLC OH now owns 7,740 shares of the industrial products company’s stock worth $445,000 after acquiring an additional 1,628 shares in the last quarter. Cerity Partners LLC acquired a new position in Worthington Enterprises in the fourth quarter valued at about $320,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Worthington Enterprises by 36.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 61,907 shares of the industrial products company’s stock worth $3,563,000 after acquiring an additional 16,403 shares in the last quarter. Institutional investors own 51.59% of the company’s stock.

Insider Transactions at Worthington Enterprises

In related news, Director Ozey K. Horton, Jr. sold 1,000 shares of Worthington Enterprises stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $62.25, for a total value of $62,250.00. Following the sale, the director now owns 41,688 shares of the company’s stock, valued at $2,595,078. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Worthington Enterprises news, Director Ozey K. Horton, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.25, for a total value of $62,250.00. Following the completion of the transaction, the director now directly owns 41,688 shares in the company, valued at $2,595,078. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Endres sold 66,000 shares of the company’s 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 sale, the director now owns 76,689 shares in the company, valued at approximately $4,928,035.14. The disclosure for this sale can be found here. Insiders sold a total of 68,000 shares of company stock worth $4,364,750 in the last three months. Insiders own 38.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Canaccord Genuity Group assumed 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. The Goldman Sachs Group upped their price target on shares of Worthington Enterprises from $50.00 to $56.00 and gave the company a “sell” rating in a report on Friday, March 22nd. StockNews.com lowered shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Finally, Canaccord Genuity Group upped their target price on shares of Worthington Enterprises from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.00.

Worthington Enterprises Trading Down 2.4 %

NYSE:WOR opened at $58.70 on Wednesday. The company has a market cap of $2.94 billion, a P/E ratio of 10.73 and a beta of 1.39. Worthington Enterprises, Inc. has a twelve month low of $33.96 and a twelve month high of $69.96. The business has a 50 day moving average price of $60.74 and a two-hundred day moving average price of $59.69. The company has a quick ratio of 2.47, a current ratio of 3.42 and a debt-to-equity ratio of 0.33.

Worthington Enterprises (NYSE:WOR) last announced its earnings results 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). 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 analyst estimates of $326.70 million. During the same quarter in the previous year, the company posted $1.04 EPS. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year.

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.