Royce & Associates LP Increases Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

Royce & Associates LP boosted its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 31.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,503 shares of the industrial products company’s stock after purchasing an additional 16,328 shares during the quarter. Royce & Associates LP owned about 0.14% of Worthington Enterprises worth $2,839,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WOR. KBC Group NV increased its stake in Worthington Enterprises by 45.1% in the third 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 during the period. Itau Unibanco Holding S.A. acquired a new position in Worthington Enterprises in the 2nd quarter valued at about $57,000. nVerses Capital LLC acquired a new stake in Worthington Enterprises during the 3rd quarter worth approximately $83,000. EntryPoint Capital LLC grew its stake in shares of Worthington Enterprises by 255.3% in the 1st quarter. EntryPoint Capital LLC now owns 1,723 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Eastern Bank purchased a new position in shares of Worthington Enterprises in the 3rd quarter valued at approximately $121,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Insider Activity at Worthington Enterprises

In other Worthington Enterprises news, CFO Joseph B. Hayek purchased 2,500 shares of Worthington Enterprises stock in a transaction on 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 completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 37.50% of the stock is owned by corporate insiders.

Worthington Enterprises Stock Down 1.1 %

WOR stock opened at $39.63 on Tuesday. Worthington Enterprises, Inc. has a 52 week low of $38.27 and a 52 week high of $69.96. The company has a current ratio of 3.47, a quick ratio of 2.34 and a debt-to-equity ratio of 0.33. The company has a market cap of $1.99 billion, a P/E ratio of 52.72 and a beta of 1.26. The company’s 50-day moving average price is $41.60 and its 200 day moving average price is $47.15.

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

Worthington Enterprises Announces Dividend

The firm 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 $0.17 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.72%. Worthington Enterprises’s payout ratio is 89.47%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. Canaccord Genuity Group reiterated a “hold” rating and set a $46.00 price target on shares of Worthington Enterprises in a research note on Friday, October 4th. Finally, Canaccord Genuity Group reduced their price objective on shares of Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.00.

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.