Janney Montgomery Scott LLC Purchases 368 Shares of Worthington Enterprises, Inc. $WOR

Janney Montgomery Scott LLC increased its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,254 shares of the industrial products company’s stock after acquiring an additional 368 shares during the quarter. Janney Montgomery Scott LLC owned about 0.05% of Worthington Enterprises worth $1,734,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC acquired a new stake in Worthington Enterprises during the 1st quarter worth approximately $11,769,000. American Century Companies Inc. raised its holdings in Worthington Enterprises by 24.1% during the 1st quarter. American Century Companies Inc. now owns 821,947 shares of the industrial products company’s stock worth $41,171,000 after buying an additional 159,798 shares during the period. Millennium Management LLC raised its holdings in Worthington Enterprises by 54.9% during the 1st quarter. Millennium Management LLC now owns 352,486 shares of the industrial products company’s stock worth $17,656,000 after buying an additional 124,867 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Worthington Enterprises by 739.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 122,141 shares of the industrial products company’s stock worth $6,118,000 after buying an additional 107,590 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in Worthington Enterprises during the 1st quarter worth approximately $4,103,000. Institutional investors own 51.59% of the company’s stock.

Insider Buying and Selling at Worthington Enterprises

In other news, Director Michael J. Endres bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average cost of $52.95 per share, with a total value of $529,500.00. Following the completion of the purchase, the director owned 95,524 shares of the company’s stock, valued at $5,057,995.80. This represents a 11.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.40% of the company’s stock.

Worthington Enterprises Price Performance

NYSE:WOR opened at $54.98 on Friday. Worthington Enterprises, Inc. has a 1-year low of $37.88 and a 1-year high of $70.91. The company has a current ratio of 3.30, a quick ratio of 2.24 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $61.88 and a 200 day simple moving average of $58.70. The stock has a market capitalization of $2.73 billion, a PE ratio of 25.81 and a beta of 1.17.

Worthington Enterprises (NYSE:WOR) last released its earnings results on Wednesday, December 28th. The industrial products company reported $2.12 earnings per share for the quarter. Worthington Enterprises had a net margin of 8.91% and a return on equity of 17.70%. The business had revenue of $1.23 billion during the quarter. On average, research analysts expect that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The company 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. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.4%. Worthington Enterprises’s dividend payout ratio (DPR) is currently 35.68%.

Wall Street Analyst Weigh In

Several brokerages have commented on WOR. Canaccord Genuity Group dropped their target price on shares of Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Zacks Research downgraded shares of Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. Wall Street Zen downgraded shares of Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday. Finally, The Goldman Sachs Group lifted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.