Thrivent Financial for Lutherans Sells 987 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Thrivent Financial for Lutherans reduced its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,406 shares of the industrial products company’s stock after selling 987 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Worthington Enterprises were worth $1,012,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of Worthington Enterprises by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,682 shares of the industrial products company’s stock valued at $1,225,000 after buying an additional 1,119 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Worthington Enterprises by 75.6% in the 1st quarter. Janus Henderson Group PLC now owns 25,678 shares of the industrial products company’s stock valued at $1,598,000 after acquiring an additional 11,057 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Worthington Enterprises by 20.3% during the 1st quarter. Tidal Investments LLC now owns 8,995 shares of the industrial products company’s stock valued at $560,000 after acquiring an additional 1,515 shares during the period. Comerica Bank grew its holdings in shares of Worthington Enterprises by 0.5% during the 1st quarter. Comerica Bank now owns 46,919 shares of the industrial products company’s stock worth $2,920,000 after purchasing an additional 250 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Worthington Enterprises in the first quarter worth $226,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Stock Performance

Worthington Enterprises stock opened at $41.83 on Tuesday. The company has a quick ratio of 2.34, a current ratio of 3.47 and a debt-to-equity ratio of 0.33. The stock has a market cap of $2.10 billion, a PE ratio of 55.04 and a beta of 1.26. Worthington Enterprises, Inc. has a 12-month low of $38.24 and a 12-month high of $69.96. The business’s 50-day moving average price is $40.60 and its two-hundred day moving average price is $45.68.

Worthington Enterprises (NYSE:WOR) last posted its quarterly 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). The company had revenue of $257.31 million during the quarter, compared to analyst estimates of $296.05 million. Worthington Enterprises had a net margin of 1.96% and a return on equity of 12.23%. The company’s revenue for the quarter was down 17.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.06 earnings per share.

Worthington Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders 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 dividend yield of 1.63%. The ex-dividend date is Friday, December 13th. Worthington Enterprises’s payout ratio is 89.47%.

Insider Activity at Worthington Enterprises

In other Worthington Enterprises news, CFO Joseph B. Hayek purchased 2,500 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was purchased at an average price of $40.21 per share, with a total value of $100,525.00. Following the completion of the purchase, the chief financial officer now owns 168,875 shares of the company’s stock, valued at approximately $6,790,463.75. The trade was a 1.50 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 37.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WOR. Canaccord Genuity Group cut their price objective on shares of 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 reaffirmed a “hold” rating and set a $46.00 price target on shares of Worthington Enterprises in a report on Friday, October 4th. Finally, StockNews.com raised shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.