Measured Wealth Private Client Group LLC Acquires 3,437 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Measured Wealth Private Client Group LLC raised its position in Worthington Enterprises, Inc. (NYSE:WOR) by 72.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,177 shares of the industrial products company’s stock after buying an additional 3,437 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Worthington Enterprises were worth $471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WOR. SG Americas Securities LLC grew its holdings in Worthington Enterprises by 120.0% in the 3rd quarter. SG Americas Securities LLC now owns 6,742 shares of the industrial products company’s stock valued at $417,000 after buying an additional 3,677 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Worthington Enterprises by 11.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,794 shares of the industrial products company’s stock valued at $235,000 after buying an additional 400 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Worthington Enterprises by 91.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,636 shares of the industrial products company’s stock valued at $348,000 after buying an additional 2,698 shares in the last quarter. Monument Capital Management acquired a new position in Worthington Enterprises in the 3rd quarter valued at $2,281,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Worthington Enterprises by 4.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,394 shares of the industrial products company’s stock valued at $1,755,000 after buying an additional 1,133 shares in the last quarter. 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 sold 66,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $64.26, for a total value of $4,241,160.00. Following the completion of the transaction, the director now directly owns 76,689 shares in the company, valued at $4,928,035.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Worthington Enterprises news, Director Michael J. Endres sold 66,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $64.26, for a total value of $4,241,160.00. Following the completion of the transaction, the director now directly owns 76,689 shares in the company, valued at $4,928,035.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 1,000 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $61.34, for a total value of $61,340.00. Following the completion of the transaction, the director now owns 40,688 shares of the company’s stock, valued at $2,495,801.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,000 shares of company stock worth $4,364,750. 38.50% of the stock is currently owned by insiders.

Worthington Enterprises Price Performance

NYSE:WOR traded up $0.89 during trading hours on Friday, hitting $59.45. The company’s stock had a trading volume of 188,823 shares, compared to its average volume of 208,647. The stock has a fifty day simple moving average of $60.84 and a 200-day simple moving average of $59.72. The company has a market capitalization of $2.98 billion, a P/E ratio of 10.87 and a beta of 1.39. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.42 and a quick ratio of 2.47. Worthington Enterprises, Inc. has a twelve month low of $33.96 and a twelve month high of $69.96.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.44). The business had revenue of $316.76 million during the quarter, compared to analyst estimates of $326.70 million. Worthington Enterprises had a net margin of 7.12% and a return on equity of 19.40%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period last year, the business earned $1.04 earnings per share.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WOR shares. Canaccord Genuity Group began coverage on Worthington Enterprises in a report on Tuesday, January 30th. They issued a “hold” rating and a $56.00 price objective on the stock. StockNews.com lowered Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. The Goldman Sachs Group increased their target price on Worthington Enterprises from $50.00 to $56.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Finally, Canaccord Genuity Group increased their target price on Worthington Enterprises from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $61.00.

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.