Wedge Capital Management L L P NC Has $3.31 Million Stock Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Wedge Capital Management L L P NC lowered its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 2.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 79,892 shares of the industrial products company’s stock after selling 2,129 shares during the period. Wedge Capital Management L L P NC owned approximately 0.16% of Worthington Enterprises worth $3,312,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WOR. Fidelis Capital Partners LLC acquired a new position in shares of Worthington Enterprises in the first quarter valued at approximately $38,000. Itau Unibanco Holding S.A. acquired a new position in Worthington Enterprises in the 2nd quarter valued at $57,000. EntryPoint Capital LLC increased its position in Worthington Enterprises by 255.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,723 shares of the industrial products company’s stock worth $107,000 after buying an additional 1,238 shares during the period. SG Americas Securities LLC increased its position in Worthington Enterprises by 19.7% during the 1st quarter. SG Americas Securities LLC now owns 2,376 shares of the industrial products company’s stock worth $148,000 after buying an additional 391 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Worthington Enterprises during the first quarter worth $226,000. 51.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. The Goldman Sachs Group lowered their price target 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. 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 reduced their price target on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $46.00 price objective on shares of Worthington Enterprises in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, Worthington Enterprises currently has a consensus rating of “Hold” and a consensus price target of $45.00.

Worthington Enterprises Stock Performance

Shares of Worthington Enterprises stock opened at $40.31 on Wednesday. The company has a 50 day moving average of $43.51 and a 200-day moving average of $50.15. The company has a market cap of $2.02 billion, a PE ratio of 18.24 and a beta of 1.25. The company has a current ratio of 3.47, a quick ratio of 2.34 and a debt-to-equity ratio of 0.33. Worthington Enterprises, Inc. has a 1-year low of $36.38 and a 1-year high of $69.96.

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

Worthington Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.69%. Worthington Enterprises’s payout ratio is 30.77%.

Insider Transactions at Worthington Enterprises

In related news, CFO Joseph B. Hayek purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were bought at an average cost of $40.21 per share, with a total value of $100,525.00. Following the acquisition, the chief financial officer now owns 168,875 shares of the company’s stock, valued at $6,790,463.75. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 38.50% of the company’s stock.

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.