New York State Common Retirement Fund Increases Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

New York State Common Retirement Fund boosted its position in Worthington Enterprises, Inc. (NYSE:WOR) by 2.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 37,378 shares of the industrial products company’s stock after purchasing an additional 996 shares during the period. New York State Common Retirement Fund’s holdings in Worthington Enterprises were worth $2,151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WOR. Illinois Municipal Retirement Fund bought a new position in shares of Worthington Enterprises during the 4th quarter valued at $1,432,000. Wedge Capital Management L L P NC grew its stake in shares of Worthington Enterprises by 7.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 86,697 shares of the industrial products company’s stock valued at $4,989,000 after buying an additional 6,238 shares during the last quarter. Strs Ohio increased its holdings in shares of Worthington Enterprises by 14.3% in the fourth quarter. Strs Ohio now owns 15,200 shares of the industrial products company’s stock worth $874,000 after buying an additional 1,900 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Worthington Enterprises in the 4th quarter valued at about $875,000. Finally, G2 Capital Management LLC OH boosted its holdings in Worthington Enterprises by 26.6% during the 4th quarter. G2 Capital Management LLC OH now owns 7,740 shares of the industrial products company’s stock valued at $445,000 after acquiring an additional 1,628 shares during the period. 51.59% of the stock is currently owned by institutional investors.

Worthington Enterprises Stock Performance

NYSE:WOR opened at $58.70 on Wednesday. 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’s fifty day simple moving average is $60.74 and its 200 day simple moving average is $59.69. The stock 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.

Worthington Enterprises (NYSE:WOR) last announced its earnings results on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $326.70 million. During the same period in the previous year, the firm posted $1.04 EPS. The company’s revenue for the quarter was down 8.5% on a year-over-year basis.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities analysts have commented on the company. 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 note on Monday, March 25th. 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 initiated coverage on shares of Worthington Enterprises in a research note on Tuesday, January 30th. They set a “hold” rating and a $56.00 price objective for the company. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.00.

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.