Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,357 shares of the industrial products company’s stock after selling 1,462 shares during the period. New York State Teachers Retirement System owned approximately 0.11% of Worthington Enterprises worth $3,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its stake in shares of Worthington Enterprises by 2.6% in the first quarter. Commonwealth Equity Services LLC now owns 7,582 shares of the industrial products company’s stock worth $490,000 after buying an additional 189 shares during the last quarter. FMR LLC boosted its position in Worthington Enterprises by 11.2% during the first quarter. FMR LLC now owns 2,146 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 216 shares in the last quarter. Belpointe Asset Management LLC boosted its position in Worthington Enterprises by 5.5% during the first quarter. Belpointe Asset Management LLC now owns 4,221 shares of the industrial products company’s stock worth $273,000 after purchasing an additional 220 shares in the last quarter. Alliancebernstein L.P. boosted its position in Worthington Enterprises by 0.4% during the fourth quarter. Alliancebernstein L.P. now owns 68,927 shares of the industrial products company’s stock worth $3,426,000 after purchasing an additional 247 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its position in Worthington Enterprises by 2.2% during the fourth quarter. Ritholtz Wealth Management now owns 11,477 shares of the industrial products company’s stock worth $660,000 after purchasing an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Insider Transactions at Worthington Enterprises

In other news, Director Ozey K. Horton, Jr. sold 1,000 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $61.34, for a total transaction of $61,340.00. Following the completion of the transaction, the director now directly owns 40,688 shares in the company, valued at $2,495,801.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Ozey K. Horton, Jr. sold 1,000 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $61.34, for a total transaction of $61,340.00. Following the completion of the transaction, the director now directly owns 40,688 shares in the company, valued at $2,495,801.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael J. Endres sold 66,000 shares of Worthington Enterprises stock in a transaction on Friday, March 22nd. The shares were 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 owns 76,689 shares of the company’s stock, valued at $4,928,035.14. The disclosure for this sale can be found here. Insiders sold a total of 68,000 shares of company stock worth $4,364,750 over the last ninety days. Company insiders own 38.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Canaccord Genuity Group increased their price target on Worthington Enterprises from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. StockNews.com cut 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 company a “sell” rating in a report on Friday, March 22nd. Finally, Canaccord Genuity Group started coverage on Worthington Enterprises in a report on Tuesday, January 30th. They set a “hold” rating and a $56.00 target price for the company. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $61.00.

Worthington Enterprises Price Performance

WOR stock opened at $57.94 on Tuesday. The business has a fifty day moving average of $61.66 and a two-hundred day moving average of $60.00. The company has a quick ratio of 2.47, a current ratio of 3.42 and a debt-to-equity ratio of 0.33. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 10.59 and a beta of 1.39. Worthington Enterprises, Inc. has a 52-week low of $33.96 and a 52-week high of $69.96.

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

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.