Venture Visionary Partners LLC Trims Position in Worthington Enterprises, Inc. (NYSE:WOR)

Venture Visionary Partners LLC lowered its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 8.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,105 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Venture Visionary Partners LLC’s holdings in Worthington Enterprises were worth $460,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WOR. Cardinal Capital Management increased its stake in Worthington Enterprises by 26.5% in the third quarter. Cardinal Capital Management now owns 21,347 shares of the industrial products company’s stock valued at $885,000 after purchasing an additional 4,477 shares during the last quarter. nVerses Capital LLC purchased a new stake in Worthington Enterprises in the 3rd quarter valued at about $83,000. Vontobel Holding Ltd. increased its stake in shares of Worthington Enterprises by 18.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 117,902 shares of the industrial products company’s stock valued at $4,887,000 after acquiring an additional 18,154 shares during the last quarter. Creative Planning lifted its holdings in shares of Worthington Enterprises by 8.8% during the 3rd quarter. Creative Planning now owns 13,234 shares of the industrial products company’s stock worth $549,000 after acquiring an additional 1,074 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Worthington Enterprises by 130.9% in the third quarter. SG Americas Securities LLC now owns 14,843 shares of the industrial products company’s stock worth $615,000 after acquiring an additional 8,414 shares during the last quarter. 51.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Worthington Enterprises

In other news, CFO Joseph B. Hayek purchased 2,500 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was acquired 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 in the company, valued at approximately $6,790,463.75. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 37.50% of the company’s stock.

Analyst Upgrades and Downgrades

WOR has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a “hold” rating and set a $46.00 price target on shares of Worthington Enterprises in a research report on Friday, October 4th. Canaccord Genuity Group cut their target price 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. StockNews.com upgraded Worthington Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group dropped their price target on Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating for the company in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $45.00.

Worthington Enterprises Stock Performance

NYSE:WOR opened at $39.90 on Wednesday. The firm’s fifty day simple moving average is $43.24 and its 200 day simple moving average is $49.47. 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 twelve month low of $36.38 and a twelve month high of $69.96. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 52.50 and a beta of 1.25.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings data on Tuesday, September 24th. The industrial products company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.21). The company 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 company’s revenue for the quarter was down 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.06 EPS.

Worthington Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.70%. Worthington Enterprises’s dividend payout ratio is currently 89.47%.

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.