nVerses Capital LLC Makes New Investment in Worthington Enterprises, Inc. (NYSE:WOR)

nVerses Capital LLC acquired a new position in Worthington Enterprises, Inc. (NYSE:WOR) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 2,000 shares of the industrial products company’s stock, valued at approximately $83,000.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Worthington Enterprises by 6.6% in the fourth quarter. Vanguard Group Inc. now owns 3,901,794 shares of the industrial products company’s stock valued at $224,548,000 after buying an additional 242,833 shares in the last quarter. Denali Advisors LLC increased its position in shares of Worthington Enterprises by 35.4% in the first quarter. Denali Advisors LLC now owns 81,021 shares of the industrial products company’s stock valued at $5,042,000 after buying an additional 21,164 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Worthington Enterprises by 58.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 58,184 shares of the industrial products company’s stock valued at $3,621,000 after buying an additional 21,543 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of Worthington Enterprises in the first quarter valued at $2,210,000. Finally, American Century Companies Inc. increased its position in shares of Worthington Enterprises by 43.7% in the second quarter. American Century Companies Inc. now owns 568,678 shares of the industrial products company’s stock valued at $26,916,000 after buying an additional 172,850 shares in the last quarter. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Trading Up 0.4 %

Worthington Enterprises stock opened at $41.81 on Monday. The stock has a market cap of $2.10 billion, a PE ratio of 55.01 and a beta of 1.25. The stock has a 50-day moving average price of $43.35 and a 200 day moving average price of $49.76. Worthington Enterprises, Inc. has a 52 week low of $36.38 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.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings results on Tuesday, September 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.21). Worthington Enterprises had a return on equity of 12.23% and a net margin of 1.96%. 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 previous year, the business posted $2.06 earnings per share. The firm’s quarterly revenue was down 17.5% on a year-over-year basis.

Worthington Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.63%. Worthington Enterprises’s payout ratio is 89.47%.

Insiders Place Their Bets

In other Worthington Enterprises news, CFO Joseph B. Hayek purchased 2,500 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were purchased at an average cost of $40.21 per share, with a total value of $100,525.00. Following the purchase, the chief financial officer now owns 168,875 shares in the company, valued at approximately $6,790,463.75. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 37.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Canaccord Genuity Group dropped their price target on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, September 26th. Canaccord Genuity Group reiterated a “hold” rating and set a $46.00 price objective on shares of Worthington Enterprises in a research report on Friday, October 4th. The Goldman Sachs Group dropped their price objective on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating for the company in a research report on Tuesday, July 2nd. Finally, StockNews.com upgraded Worthington Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, Worthington Enterprises presently has an average rating of “Hold” and an average target price of $45.00.

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.