State of New Jersey Common Pension Fund D Acquires 2,983 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

State of New Jersey Common Pension Fund D boosted its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 9.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 35,822 shares of the industrial products company’s stock after purchasing an additional 2,983 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Worthington Enterprises were worth $2,062,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new position in Worthington Enterprises in the third quarter valued at about $31,000. GAMMA Investing LLC purchased a new position in Worthington Enterprises in the fourth quarter valued at approximately $53,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Worthington Enterprises during the third quarter valued at $97,000. CI Investments Inc. purchased a new stake in Worthington Enterprises in the third quarter worth $134,000. Finally, Versor Investments LP bought a new stake in shares of Worthington Enterprises in the third quarter valued at $204,000. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael J. Endres sold 66,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following the sale, the director now owns 76,689 shares of the company’s stock, valued at $4,928,035.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Worthington Enterprises news, Director Michael J. Endres sold 66,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following the completion of the transaction, the director now owns 76,689 shares of the company’s stock, valued at $4,928,035.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $61.34, for a total value of $61,340.00. Following the completion of the sale, the director now directly owns 40,688 shares in the company, valued at $2,495,801.92. The disclosure for this sale can be found here. Insiders sold a total of 68,000 shares of company stock worth $4,364,750 in the last three months. 38.50% of the stock is owned by corporate insiders.

Worthington Enterprises Stock Up 1.4 %

WOR stock opened at $57.97 on Thursday. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 10.60 and a beta of 1.39. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.47 and a current ratio of 3.42. The business’s 50 day moving average price is $61.01 and its two-hundred day moving average price is $59.75. Worthington Enterprises, Inc. has a fifty-two week low of $33.96 and a fifty-two week high of $69.96.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings results on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.44). The firm had revenue of $316.76 million during the quarter, compared to analysts’ expectations of $326.70 million. Worthington Enterprises had a return on equity of 19.40% and a net margin of 7.12%. Worthington Enterprises’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 earnings per share.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WOR. StockNews.com cut Worthington Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Canaccord Genuity Group initiated coverage on Worthington Enterprises in a report on Tuesday, January 30th. They issued a “hold” rating and a $56.00 price objective for the company. The Goldman Sachs Group raised their price target on Worthington Enterprises from $50.00 to $56.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Finally, Canaccord Genuity Group boosted their price objective on shares of Worthington Enterprises from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.00.

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.