Public Employees Retirement System of Ohio Has $252,000 Stock Holdings in Worthington Enterprises, Inc. $WOR

Public Employees Retirement System of Ohio cut its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 27.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,965 shares of the industrial products company’s stock after selling 1,508 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Worthington Enterprises were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Quarry LP bought a new stake in Worthington Enterprises in the first quarter worth $49,000. Summit Securities Group LLC bought a new stake in Worthington Enterprises in the first quarter worth $75,000. GAMMA Investing LLC boosted its holdings in Worthington Enterprises by 77.2% in the first quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 716 shares in the last quarter. US Bancorp DE boosted its holdings in Worthington Enterprises by 966.2% in the first quarter. US Bancorp DE now owns 2,207 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Waller Financial Planning Group Inc. bought a new stake in Worthington Enterprises in the second quarter worth $204,000. 51.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Worthington Enterprises

In other Worthington Enterprises news, Director Michael J. Endres purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average price of $52.95 per share, with a total value of $529,500.00. Following the completion of the transaction, the director directly owned 95,524 shares of the company’s stock, valued at approximately $5,057,995.80. This trade represents a 11.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.40% of the company’s stock.

Worthington Enterprises Stock Down 0.4%

NYSE WOR opened at $55.43 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.24 and a current ratio of 3.30. The firm has a 50-day simple moving average of $62.36 and a 200 day simple moving average of $58.49. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $70.91. The stock has a market cap of $2.76 billion, a PE ratio of 26.02 and a beta of 1.17.

Worthington Enterprises (NYSE:WOR) last released its earnings results on Tuesday, September 23rd. The industrial products company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. Worthington Enterprises had a net margin of 8.91% and a return on equity of 17.70%. The business had revenue of $303.70 million during the quarter, compared to analysts’ expectations of $291.84 million. During the same quarter last year, the company earned $0.50 earnings per share. The firm’s revenue was up 18.0% on a year-over-year basis. On average, research analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, December 15th. Worthington Enterprises’s dividend payout ratio (DPR) is presently 35.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WOR shares. Canaccord Genuity Group decreased their price objective on shares of Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Enterprises in a report on Saturday, September 27th. CJS Securities upgraded shares of Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 price objective for the company in a report on Wednesday, September 24th. The Goldman Sachs Group upped their price target on shares of Worthington Enterprises from $44.00 to $50.00 and gave the company a “sell” rating in a report on Thursday, June 26th. Finally, Zacks Research cut shares of Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.33.

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.