Measured Wealth Private Client Group LLC Lowers Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

Measured Wealth Private Client Group LLC decreased its position in Worthington Enterprises, Inc. (NYSE:WOR) by 59.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,354 shares of the industrial products company’s stock after selling 4,823 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Worthington Enterprises were worth $209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Envestnet Asset Management Inc. raised its stake in shares of Worthington Enterprises by 16.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 106,612 shares of the industrial products company’s stock worth $6,591,000 after purchasing an additional 14,759 shares during the period. FMR LLC increased its stake in shares of Worthington Enterprises by 3,957.0% during the 3rd quarter. FMR LLC now owns 90,674 shares of the industrial products company’s stock worth $5,605,000 after purchasing an additional 88,439 shares during the last quarter. Invesco Ltd. lifted its stake in Worthington Enterprises by 39.6% in the third quarter. Invesco Ltd. now owns 273,139 shares of the industrial products company’s stock valued at $16,885,000 after purchasing an additional 77,471 shares during the last quarter. Trexquant Investment LP increased its position in Worthington Enterprises by 109.6% in the third quarter. Trexquant Investment LP now owns 34,279 shares of the industrial products company’s stock worth $2,119,000 after buying an additional 17,928 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Worthington Enterprises by 128.4% in the third quarter. Tower Research Capital LLC TRC now owns 6,707 shares of the industrial products company’s stock valued at $415,000 after buying an additional 3,771 shares during the period. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Trading Down 0.2 %

Shares of WOR opened at $45.18 on Wednesday. The business’s 50-day moving average price is $55.02 and its 200-day moving average price is $57.79. The company has a quick ratio of 2.86, a current ratio of 3.78 and a debt-to-equity ratio of 0.33. Worthington Enterprises, Inc. has a twelve month low of $36.29 and a twelve month high of $69.96. The stock has a market cap of $2.26 billion, a PE ratio of 20.44 and a beta of 1.29.

Worthington Enterprises (NYSE:WOR) last announced its quarterly 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 net margin of 3.79% and a return on equity of 15.57%. The firm had revenue of $318.80 million during the quarter, compared to the consensus estimate of $352.82 million. During the same period in the previous year, the business earned $2.74 earnings per share. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis.

Insiders Place Their Bets

In other news, Director Ozey K. Horton, Jr. sold 1,000 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $61.34, for a total transaction of $61,340.00. Following the completion of the transaction, the director now owns 40,688 shares of the company’s stock, valued at $2,495,801.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 38.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WOR shares. StockNews.com lowered Worthington Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, June 26th. Canaccord Genuity Group reduced their target price on shares of Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating for the company in a research note on Thursday, June 27th. Finally, The Goldman Sachs Group cut their price objective on shares of Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, Worthington Enterprises presently has a consensus rating of “Hold” and an average price target of $50.33.

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.