Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,473 shares of the industrial products company’s stock after selling 8,142 shares during the period. Vontobel Holding Ltd. owned approximately 0.24% of Worthington Enterprises worth $6,818,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in WOR. Headlands Technologies LLC acquired a new position in Worthington Enterprises during the third quarter worth $31,000. FSC Wealth Advisors LLC acquired a new position in Worthington Enterprises during the third quarter worth $35,000. Point72 Hong Kong Ltd lifted its stake in Worthington Enterprises by 1,470.4% during the first quarter. Point72 Hong Kong Ltd now owns 1,806 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 1,691 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Worthington Enterprises during the third quarter worth $97,000. Finally, Point72 Middle East FZE acquired a new position in Worthington Enterprises during the fourth quarter worth $120,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on WOR. Canaccord Genuity Group upped their price target on Worthington Enterprises from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Canaccord Genuity Group began coverage on Worthington Enterprises in a research report on Tuesday, January 30th. They set a “hold” rating and a $56.00 price objective on the stock. StockNews.com lowered Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group upped their price objective on Worthington Enterprises from $50.00 to $56.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, Worthington Enterprises presently has a consensus rating of “Hold” and an average target price of $61.00.

Insider Activity at Worthington Enterprises

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

Worthington Enterprises Stock Performance

NYSE:WOR opened at $57.70 on Wednesday. The firm has a market capitalization of $2.89 billion, a PE ratio of 10.55 and a beta of 1.39. The business’s fifty day moving average price is $61.67 and its 200 day moving average price is $59.97. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.42 and a quick ratio of 2.47. Worthington Enterprises, Inc. has a 12 month low of $33.96 and a 12 month high of $69.96.

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

Worthington Enterprises Company 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.