Worthington Enterprises, Inc. (NYSE:WOR) Shares Acquired by Quest Partners LLC

Quest Partners LLC boosted its position in Worthington Enterprises, Inc. (NYSE:WOR) by 86.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,246 shares of the industrial products company’s stock after acquiring an additional 8,929 shares during the quarter. Quest Partners LLC’s holdings in Worthington Enterprises were worth $798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV increased its holdings in Worthington Enterprises by 45.1% in the 3rd quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 353 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Worthington Enterprises during the 2nd quarter worth approximately $57,000. EntryPoint Capital LLC boosted its stake in shares of Worthington Enterprises by 255.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,723 shares of the industrial products company’s stock valued at $107,000 after buying an additional 1,238 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Worthington Enterprises during the third quarter worth approximately $83,000. Finally, SG Americas Securities LLC increased its stake in shares of Worthington Enterprises by 19.7% in the first quarter. SG Americas Securities LLC now owns 2,376 shares of the industrial products company’s stock worth $148,000 after buying an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Stock Up 2.4 %

WOR opened at $39.55 on Friday. The stock’s 50 day moving average price is $41.35 and its 200 day moving average price is $46.81. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.47 and a quick ratio of 2.34. The stock has a market cap of $1.99 billion, a P/E ratio of 50.80 and a beta of 1.26. Worthington Enterprises, Inc. has a 12 month low of $38.24 and a 12 month high of $69.96.

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

Worthington Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.72%. Worthington Enterprises’s dividend payout ratio is presently 89.47%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Worthington Enterprises news, CFO Joseph B. Hayek acquired 2,500 shares of the stock in a transaction dated Friday, October 11th. The shares were bought at an average price of $40.21 per share, with a total value of $100,525.00. Following the purchase, the chief financial officer now directly owns 168,875 shares of the company’s stock, valued at approximately $6,790,463.75. This trade represents a 1.50 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 37.50% of the stock is owned by corporate insiders.

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.