Thrivent Financial for Lutherans Has $1.01 Million Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Thrivent Financial for Lutherans decreased its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,406 shares of the industrial products company’s stock after selling 987 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Worthington Enterprises were worth $1,012,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. KBC Group NV boosted its stake in Worthington Enterprises by 45.1% in the third quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 353 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Worthington Enterprises during the 2nd quarter worth about $57,000. nVerses Capital LLC acquired a new stake in Worthington Enterprises in the 3rd quarter valued at about $83,000. Eastern Bank acquired a new position in shares of Worthington Enterprises during the third quarter worth approximately $121,000. Finally, Virtu Financial LLC bought a new stake in shares of Worthington Enterprises during the first quarter valued at approximately $226,000. 51.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Worthington Enterprises news, CFO Joseph B. Hayek bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was acquired at an average price of $40.21 per share, with a total value of $100,525.00. Following the completion of the transaction, the chief financial officer now owns 168,875 shares in the company, valued at approximately $6,790,463.75. This trade represents a 1.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 37.50% of the company’s stock.

Worthington Enterprises Stock Performance

WOR stock opened at $41.83 on Tuesday. The company has a quick ratio of 2.34, a current ratio of 3.47 and a debt-to-equity ratio of 0.33. Worthington Enterprises, Inc. has a twelve month low of $38.24 and a twelve month high of $69.96. The business’s fifty day moving average is $40.60 and its 200-day moving average is $45.68. The company has a market cap of $2.10 billion, a P/E ratio of 55.04 and a beta of 1.26.

Worthington Enterprises (NYSE:WOR) last posted its earnings results on Tuesday, September 24th. The industrial products company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.21). The firm had revenue of $257.31 million during the quarter, compared to analyst estimates of $296.05 million. Worthington Enterprises had a return on equity of 12.23% and a net margin of 1.96%. The company’s revenue for the quarter was down 17.5% on a year-over-year basis. During the same quarter last year, the business posted $2.06 earnings per share.

Worthington Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, December 13th. Worthington Enterprises’s dividend payout ratio (DPR) is presently 89.47%.

Analyst Ratings Changes

WOR has been the topic of several research reports. Canaccord Genuity Group reaffirmed a “hold” rating and set a $46.00 price objective on shares of Worthington Enterprises in a report on Friday, October 4th. Canaccord Genuity Group cut their price target on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. Finally, StockNews.com upgraded Worthington Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $45.00.

Worthington Enterprises Company 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.