Inceptionr LLC Invests $620,000 in Worthington Enterprises, Inc. $WOR

Inceptionr LLC acquired a new stake in Worthington Enterprises, Inc. (NYSE:WOR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,741 shares of the industrial products company’s stock, valued at approximately $620,000.

A number of other institutional investors also recently bought and sold shares of WOR. ORG Partners LLC increased its position in shares of Worthington Enterprises by 61.0% in the second quarter. ORG Partners LLC now owns 660 shares of the industrial products company’s stock valued at $43,000 after buying an additional 250 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Worthington Enterprises in the 2nd quarter worth about $46,000. Quarry LP acquired a new stake in Worthington Enterprises in the 1st quarter valued at about $49,000. CWM LLC increased its holdings in Worthington Enterprises by 33.5% during the 2nd quarter. CWM LLC now owns 813 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 204 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in Worthington Enterprises during the 1st quarter valued at about $75,000. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. CJS Securities raised shares of Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 price target on the stock in a report on Wednesday, September 24th. Zacks Research lowered Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. Canaccord Genuity Group lowered their target price on Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Worthington Enterprises has an average rating of “Moderate Buy” and an average target price of $62.33.

Worthington Enterprises Price Performance

WOR stock opened at $55.41 on Friday. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 26.01 and a beta of 1.25. The company has a quick ratio of 2.24, a current ratio of 3.30 and a debt-to-equity ratio of 0.32. Worthington Enterprises, Inc. has a 52-week low of $37.88 and a 52-week high of $70.91. The stock’s fifty day simple moving average is $55.70 and its 200-day simple moving average is $60.07.

Worthington Enterprises (NYSE:WOR) last released its earnings results on Wednesday, December 28th. The industrial products company reported $2.12 EPS for the quarter. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.91%.The firm had revenue of $1.23 billion during the quarter. Equities research analysts expect that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, December 15th. Worthington Enterprises’s dividend payout ratio is presently 35.68%.

Insider Activity

In related news, Director Michael J. Endres purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average price of $52.95 per share, with a total value of $529,500.00. Following the completion of the transaction, the director owned 95,524 shares of the company’s stock, valued at approximately $5,057,995.80. This trade represents a 11.69% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.40% of the company’s stock.

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.