Vanguard Personalized Indexing Management LLC Purchases Shares of 3,550 Worthington Enterprises, Inc. $WOR

Vanguard Personalized Indexing Management LLC purchased a new stake in Worthington Enterprises, Inc. (NYSE:WOR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,550 shares of the industrial products company’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC increased its stake in Worthington Enterprises by 61.0% in the second quarter. ORG Partners LLC now owns 660 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 250 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Worthington Enterprises in the second quarter valued at $46,000. Quarry LP bought a new stake in Worthington Enterprises in the first quarter valued at $49,000. Summit Securities Group LLC bought a new stake in Worthington Enterprises in the first quarter valued at $75,000. Finally, GAMMA Investing LLC increased its stake 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 valued at $82,000 after purchasing an additional 716 shares in the last quarter. 51.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WOR. CJS Securities raised shares of Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 price target for the company in a research note on Wednesday, September 24th. Canaccord Genuity Group decreased their target price on shares of Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Zacks Research downgraded shares of Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a research report on Friday. Finally, Wall Street Zen downgraded shares of Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given 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, Worthington Enterprises has an average rating of “Moderate Buy” and an average price target of $62.33.

Worthington Enterprises Stock Up 1.7%

WOR opened at $58.73 on Friday. The company has a quick ratio of 2.24, a current ratio of 3.30 and a debt-to-equity ratio of 0.32. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 27.57 and a beta of 1.17. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $70.91. The company’s 50-day moving average price is $60.49 and its two-hundred day moving average price is $59.31.

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. The firm had revenue of $1.23 billion for the quarter. Worthington Enterprises had a net margin of 8.91% and a return on equity of 17.70%. As a group, equities analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, December 15th. Worthington Enterprises’s payout ratio is presently 35.68%.

Insiders Place Their Bets

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 shares were bought at an average cost of $52.95 per share, for a total transaction of $529,500.00. Following 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.40% of the stock is currently owned by insiders.

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.