Short Interest in Worthington Enterprises, Inc. (NYSE:WOR) Grows By 16.7%

Worthington Enterprises, Inc. (NYSE:WORGet Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 1,330,000 shares, a growth of 16.7% from the April 30th total of 1,140,000 shares. Based on an average daily trading volume, of 268,200 shares, the short-interest ratio is presently 5.0 days. Approximately 4.3% of the company’s stock are sold short.

Insiders Place Their Bets

In related news, Director Ozey K. Horton, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $61.34, for a total transaction of $61,340.00. Following the completion of the sale, the director now directly owns 40,688 shares in the company, valued at $2,495,801.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Ozey K. Horton, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $61.34, for a total transaction of $61,340.00. Following the completion of the sale, the director now directly owns 40,688 shares in the company, valued at $2,495,801.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Endres sold 66,000 shares of the business’s stock in a transaction that occurred 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 sale, 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. Over the last ninety days, insiders sold 68,000 shares of company stock valued at $4,364,750. Insiders own 38.50% of the company’s stock.

Institutional Investors Weigh In On Worthington Enterprises

A number of hedge funds have recently bought and sold shares of WOR. Vanguard Group Inc. increased its position in Worthington Enterprises by 6.6% during the fourth quarter. Vanguard Group Inc. now owns 3,901,794 shares of the industrial products company’s stock valued at $224,548,000 after acquiring an additional 242,833 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Worthington Enterprises by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,448,876 shares of the industrial products company’s stock valued at $140,934,000 after acquiring an additional 125,592 shares during the last quarter. Pacer Advisors Inc. increased its position in Worthington Enterprises by 67,348.5% during 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 acquiring an additional 2,221,154 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Worthington Enterprises by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 478,150 shares of the industrial products company’s stock valued at $27,518,000 after acquiring an additional 8,108 shares during the last quarter. Finally, Capital International Investors purchased a new position in Worthington Enterprises in the 4th quarter worth about $26,329,000. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Wall Street Analyst Weigh In

WOR has been the topic of several analyst reports. StockNews.com downgraded shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Canaccord Genuity Group lifted their price target on shares of Worthington Enterprises from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, March 25th. Finally, The Goldman Sachs Group lifted 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. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $61.00.

View Our Latest Stock Analysis on Worthington Enterprises

Worthington Enterprises Price Performance

Worthington Enterprises stock opened at $57.03 on Monday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 10.43 and a beta of 1.35. The firm’s fifty day moving average is $58.88 and its 200 day moving average is $59.15. 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 has a 52-week low of $34.36 and a 52-week high of $69.96.

Worthington Enterprises (NYSE:WORGet Free Report) last released 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). The business had revenue of $316.76 million for the quarter, compared to analysts’ expectations of $326.70 million. Worthington Enterprises had a net margin of 7.12% and a return on equity of 19.40%. Worthington Enterprises’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 EPS.

Worthington Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, June 14th. Worthington Enterprises’s payout ratio is 11.70%.

Worthington Enterprises Company Profile

(Get Free Report)

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.

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