Worthington Enterprises, Inc. $WOR Stock Purchased by Fort Washington Investment Advisors Inc. OH

by · The Markets Daily

Fort Washington Investment Advisors Inc. OH increased its position in Worthington Enterprises, Inc. (NYSE:WOR – Free Report) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 537,773 shares of the industrial products company’s stock after buying an additional 8,560 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Worthington Enterprises were worth $32,019,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Worthington Enterprises during the second quarter valued at approximately $283,372,000. Windsor Advisory Group LLC grew its holdings in Worthington Enterprises by 23.5% during the 1st quarter. Windsor Advisory Group LLC now owns 459,633 shares of the industrial products company’s stock valued at $23,965,000 after buying an additional 87,351 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Worthington Enterprises during the 2nd quarter valued at approximately $18,376,000. VELA Investment Management LLC increased its stake in Worthington Enterprises by 5.4% in the 2nd quarter. VELA Investment Management LLC now owns 228,927 shares of the industrial products company’s stock worth $12,307,000 after acquiring an additional 11,818 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in Worthington Enterprises in the 2nd quarter worth approximately $10,939,000. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Worthington Enterprises

In related news, major shareholder John McConnell sold 42,491 shares of Worthington Enterprises stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $60.43, for a total value of $2,567,731.13. Following the completion of the transaction, the insider owned 1,335,648 shares in the company, valued at approximately $80,713,208.64. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.

Worthington Enterprises Stock Performance

Shares of NYSE:WOR opened at $63.86 on Friday. Worthington Enterprises, Inc. has a 52 week low of $45.01 and a 52 week high of $67.54. The stock has a market capitalization of $3.15 billion, a P/E ratio of 19.29 and a beta of 1.29. The firm has a fifty day simple moving average of $59.24 and a two-hundred day simple moving average of $56.90. The company has a quick ratio of 1.53, a current ratio of 2.67 and a debt-to-equity ratio of 0.29.

Worthington Enterprises (NYSE:WOR – Get Free Report) last posted its earnings results on Tuesday, September 22nd. The industrial products company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. Worthington Enterprises had a net margin of 11.50% and a return on equity of 16.71%. The firm had revenue of $343.89 million for the quarter, compared to the consensus estimate of $331.26 million. During the same period in the previous year, the firm posted $0.74 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts expect that Worthington Enterprises, Inc. will post 3.80 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 15th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 24.17%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Canaccord Genuity Group upped their price objective on Worthington Enterprises from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Wall Street Zen downgraded Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings raised shares of Worthington Enterprises from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Worthington Enterprises presently has an average rating of “Moderate Buy” and an average price target of $75.00.

Check Out Our Latest Report on WOR

Worthington Enterprises Company Profile

(Free Report)

Worthington Enterprises, Inc is a diversified manufacturer of consumer and building products headquartered in Columbus, Ohio. The company was established as part of the separation of Worthington Industries’ steel-processing business, which became Worthington Steel in 2023. Worthington Enterprises retained the company’s consumer-focused and building-products operations.

The company’s Consumer Products segment develops and sells products for the home, outdoor living, and related markets.

See Also

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