Louisiana State Employees Retirement System Buys New Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Louisiana State Employees Retirement System bought a new stake in Worthington Enterprises, Inc. (NYSE:WOR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,200 shares of the industrial products company’s stock, valued at approximately $875,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in Worthington Enterprises in the third quarter valued at approximately $31,000. FSC Wealth Advisors LLC acquired a new stake in Worthington Enterprises during the third quarter worth approximately $35,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Worthington Enterprises during the third quarter worth approximately $97,000. CI Investments Inc. acquired a new stake in Worthington Enterprises during the third quarter worth approximately $134,000. Finally, Versor Investments LP acquired a new stake in Worthington Enterprises during the third quarter worth approximately $204,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Insider Activity at Worthington Enterprises

In related news, Director Ozey K. Horton, Jr. sold 1,000 shares of Worthington Enterprises stock in a transaction 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 transaction, the director now directly owns 41,688 shares in the company, valued at approximately $2,595,078. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, 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 transaction, the director now directly owns 76,689 shares in the company, valued at approximately $4,928,035.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ozey K. Horton, Jr. sold 1,000 shares of Worthington Enterprises stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $62.25, for a total transaction of $62,250.00. Following the completion of the transaction, the director now owns 41,688 shares in the company, valued at $2,595,078. The disclosure for this sale can be found here. Insiders have sold a total of 68,000 shares of company stock worth $4,364,750 in the last three months. Insiders own 38.50% of the company’s stock.

Worthington Enterprises Stock Performance

Shares of WOR opened at $57.54 on Friday. The company has a current ratio of 3.42, a quick ratio of 2.47 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.89 billion, a PE ratio of 10.52 and a beta of 1.39. The company’s 50 day simple moving average is $61.34 and its 200-day simple moving average is $59.85. Worthington Enterprises, Inc. has a 12-month low of $33.96 and a 12-month high of $69.96.

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

Wall Street Analyst Weigh In

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

Worthington Enterprises 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.