Measured Wealth Private Client Group LLC Grows Stake in Worthington Enterprises, Inc. (NYSE:WOR)

Measured Wealth Private Client Group LLC increased its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 72.5% in the 4th quarter, HoldingsChannel reports. The fund owned 8,177 shares of the industrial products company’s stock after acquiring an additional 3,437 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Worthington Enterprises were worth $471,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Worthington Enterprises in the third quarter worth about $31,000. Millburn Ridgefield Corp grew its position in Worthington Enterprises by 55.7% in the fourth quarter. Millburn Ridgefield Corp now owns 576 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 206 shares in the last quarter. GAMMA Investing LLC purchased a new position in Worthington Enterprises in the fourth quarter worth about $53,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Worthington Enterprises in the third quarter worth about $97,000. Finally, CI Investments Inc. purchased a new position in shares of Worthington Enterprises during the third quarter valued at approximately $134,000. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on WOR. The Goldman Sachs Group boosted their target price on Worthington Enterprises from $50.00 to $56.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. StockNews.com lowered Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Canaccord Genuity Group boosted their target price on Worthington Enterprises from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Finally, Canaccord Genuity Group assumed coverage on Worthington Enterprises in a research report on Tuesday, January 30th. They set a “hold” rating and a $56.00 target price for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $61.00.

Worthington Enterprises Stock Up 1.5 %

NYSE:WOR traded up $0.89 during trading hours on Friday, reaching $59.45. The company’s stock had a trading volume of 188,823 shares, compared to its average volume of 208,647. The company has a market capitalization of $2.98 billion, a P/E ratio of 10.87 and a beta of 1.39. Worthington Enterprises, Inc. has a 12 month low of $33.96 and a 12 month high of $69.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.47 and a current ratio of 3.42. The stock has a 50 day moving average price of $60.84 and a two-hundred day moving average price of $59.72.

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

Insider Buying and Selling

In related news, Director Ozey K. Horton, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $62.25, for a total value of $62,250.00. Following the completion of the transaction, the director now owns 41,688 shares of the company’s stock, valued at $2,595,078. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Ozey K. Horton, Jr. sold 1,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $62.25, for a total transaction of $62,250.00. Following the transaction, the director now directly owns 41,688 shares of the company’s stock, valued at $2,595,078. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael J. Endres sold 66,000 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 76,689 shares in the company, valued at $4,928,035.14. The disclosure for this sale can be found here. Insiders sold 68,000 shares of company stock valued at $4,364,750 over the last 90 days. Corporate insiders own 38.50% of the company’s stock.

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.