Worthington Enterprises, Inc. (NYSE:WOR) Shares Purchased by Cardinal Capital Management

Cardinal Capital Management lifted its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,870 shares of the industrial products company’s stock after acquiring an additional 951 shares during the quarter. Cardinal Capital Management’s holdings in Worthington Enterprises were worth $798,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. New York State Teachers Retirement System lifted its holdings in Worthington Enterprises by 0.3% during the 1st quarter. New York State Teachers Retirement System now owns 57,557 shares of the industrial products company’s stock worth $3,582,000 after buying an additional 200 shares in the last quarter. Millburn Ridgefield Corp lifted its holdings in Worthington Enterprises by 55.7% during the 4th quarter. Millburn Ridgefield Corp now owns 576 shares of the industrial products company’s stock worth $33,000 after buying an additional 206 shares in the last quarter. Comerica Bank lifted its holdings in Worthington Enterprises by 0.5% during the 1st quarter. Comerica Bank now owns 46,919 shares of the industrial products company’s stock worth $2,920,000 after buying an additional 250 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Worthington Enterprises by 3.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 8,153 shares of the industrial products company’s stock worth $454,000 after buying an additional 293 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Worthington Enterprises by 1.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 28,863 shares of the industrial products company’s stock worth $1,661,000 after buying an additional 350 shares in the last quarter. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Worthington Enterprises Stock Performance

Shares of WOR stock traded down $0.08 during mid-day trading on Friday, hitting $43.92. The stock had a trading volume of 156,996 shares, compared to its average volume of 290,716. Worthington Enterprises, Inc. has a fifty-two week low of $36.29 and a fifty-two week high of $69.96. The firm has a market cap of $2.20 billion, a PE ratio of 19.87 and a beta of 1.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.78 and a quick ratio of 2.86. The company’s 50-day simple moving average is $48.87 and its 200-day simple moving average is $56.04.

Worthington Enterprises (NYSE:WOR) last released its earnings results on Wednesday, June 26th. The industrial products company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.14). Worthington Enterprises had a return on equity of 15.57% and a net margin of 3.79%. The firm had revenue of $318.80 million during the quarter, compared to analyst estimates of $352.82 million. During the same quarter last year, the business posted $2.74 EPS. The firm’s revenue was down 13.6% on a year-over-year basis.

Analyst Ratings Changes

WOR has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on shares of Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating on the stock in a research report on Tuesday, July 2nd. Canaccord Genuity Group dropped their price objective on shares of Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating on the stock in a research report on Thursday, June 27th. Finally, StockNews.com downgraded shares of Worthington Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, June 26th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.33.

About Worthington Enterprises

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.