Insider Selling: Worthington Enterprises, Inc. (NYSE:WOR) Director Sells $4,241,160.00 in Stock

Worthington Enterprises, Inc. (NYSE:WOR) Director Michael J. Endres sold 66,000 shares of the company’s 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 directly owns 76,689 shares in the company, valued at approximately $4,928,035.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Worthington Enterprises Stock Performance

Worthington Enterprises stock opened at $61.96 on Thursday. The stock’s 50-day moving average is $60.59 and its 200-day moving average is $60.85. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 11.33 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. 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 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 company had revenue of $316.76 million during the quarter, compared to analyst estimates of $326.70 million. During the same quarter last year, the business posted $1.04 EPS. Worthington Enterprises’s quarterly revenue was down 8.5% compared to the same quarter last year.

Institutional Investors Weigh In On Worthington Enterprises

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Worthington Enterprises by 13.0% in the first quarter. BlackRock Inc. now owns 4,571,279 shares of the industrial products company’s stock valued at $235,012,000 after buying an additional 526,776 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Worthington Enterprises by 6.6% in the fourth quarter. Vanguard Group Inc. now owns 3,901,794 shares of the industrial products company’s stock valued at $224,548,000 after buying an additional 242,833 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Worthington Enterprises by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,448,876 shares of the industrial products company’s stock valued at $140,934,000 after buying an additional 125,592 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Worthington Enterprises by 67,348.5% in the fourth quarter. Pacer Advisors Inc. now owns 2,224,452 shares of the industrial products company’s stock valued at $128,017,000 after buying an additional 2,221,154 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Worthington Enterprises by 18.1% in the first quarter. State Street Corp now owns 2,010,543 shares of the industrial products company’s stock valued at $103,362,000 after buying an additional 307,667 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WOR. Canaccord Genuity Group upped their target price on Worthington Enterprises from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday. The Goldman Sachs Group upped their target price on Worthington Enterprises from $50.00 to $56.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Canaccord Genuity Group started coverage on Worthington Enterprises in a report on Tuesday, January 30th. They issued a “hold” rating and a $56.00 target price on the stock. StockNews.com downgraded Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Finally, TheStreet upgraded Worthington Enterprises from a “c+” rating to a “b” rating in a research report on Monday, December 4th. One equities 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.com, the stock currently has an average rating of “Hold” and an average target price of $61.00.

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.