Wedge Capital Management L L P NC Purchases 6,238 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Wedge Capital Management L L P NC grew its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 7.8% in the 4th quarter, HoldingsChannel reports. The firm owned 86,697 shares of the industrial products company’s stock after acquiring an additional 6,238 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Worthington Enterprises were worth $4,989,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its stake in shares of Worthington Enterprises by 2.2% in the 4th quarter. Ritholtz Wealth Management now owns 11,477 shares of the industrial products company’s stock valued at $660,000 after acquiring an additional 251 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Worthington Enterprises by 9.0% in the 4th quarter. Raymond James & Associates now owns 4,304 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 357 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Worthington Enterprises by 11.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,794 shares of the industrial products company’s stock valued at $235,000 after acquiring an additional 400 shares during the last quarter. Verity Asset Management Inc. lifted its stake in shares of Worthington Enterprises by 4.5% in the 3rd quarter. Verity Asset Management Inc. now owns 11,584 shares of the industrial products company’s stock valued at $716,000 after acquiring an additional 495 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Worthington Enterprises in the 3rd quarter valued at about $31,000. Institutional investors own 51.59% of the company’s stock.

Insiders Place Their Bets

In other Worthington Enterprises news, Director Michael J. Endres sold 66,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following the transaction, the director now owns 76,689 shares in the company, valued at approximately $4,928,035.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Worthington Enterprises news, Director Ozey K. Horton, Jr. sold 1,000 shares of the company’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 transaction of $61,340.00. Following the transaction, the director now owns 40,688 shares in the company, valued at approximately $2,495,801.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Endres sold 66,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $4,928,035.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,000 shares of company stock worth $4,364,750. Company insiders own 38.50% of the company’s stock.

Worthington Enterprises Stock Down 1.3 %

Shares of NYSE:WOR opened at $58.84 on Thursday. Worthington Enterprises, Inc. has a 1 year low of $33.96 and a 1 year high of $69.96. The company has a market cap of $2.95 billion, a PE ratio of 10.76 and a beta of 1.39. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.42 and a quick ratio of 2.47. The stock’s 50-day moving average is $61.44 and its 200 day moving average is $59.86.

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

Wall Street Analysts Forecast Growth

WOR has been the subject of a number of recent research reports. StockNews.com lowered Worthington Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Canaccord Genuity Group boosted their target price on Worthington Enterprises from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Canaccord Genuity Group started coverage on Worthington Enterprises in a research note on Tuesday, January 30th. They issued a “hold” rating and a $56.00 target price for the company. Finally, The Goldman Sachs Group boosted their price target on Worthington Enterprises from $50.00 to $56.00 and gave the company a “sell” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the company has an average 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.