Mutual of America Capital Management LLC Trims Position in Worthington Enterprises, Inc. (NYSE:WOR)

Mutual of America Capital Management LLC lessened its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 73.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,335 shares of the industrial products company’s stock after selling 14,499 shares during the period. Mutual of America Capital Management LLC’s holdings in Worthington Enterprises were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of WOR. Pacer Advisors Inc. raised its holdings in shares of Worthington Enterprises by 67,348.5% during the 4th quarter. Pacer Advisors Inc. now owns 2,224,452 shares of the industrial products company’s stock worth $128,017,000 after acquiring an additional 2,221,154 shares during the period. Vanguard Group Inc. raised its holdings in Worthington Enterprises by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 3,658,961 shares of the industrial products company’s stock valued at $226,197,000 after buying an additional 297,139 shares during the period. Acadian Asset Management LLC raised its holdings in Worthington Enterprises by 193.8% in the 3rd quarter. Acadian Asset Management LLC now owns 203,299 shares of the industrial products company’s stock valued at $12,556,000 after buying an additional 134,095 shares during the period. FMR LLC raised its holdings in Worthington Enterprises by 3,957.0% in the 3rd quarter. FMR LLC now owns 90,674 shares of the industrial products company’s stock valued at $5,605,000 after buying an additional 88,439 shares during the period. Finally, Invesco Ltd. raised its holdings in Worthington Enterprises by 39.6% in the 3rd quarter. Invesco Ltd. now owns 273,139 shares of the industrial products company’s stock valued at $16,885,000 after buying an additional 77,471 shares during the period. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Worthington Enterprises

In other news, Director Ozey K. Horton, Jr. sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $62.25, for a total transaction of $62,250.00. Following the completion of the transaction, the director now directly owns 41,688 shares of the company’s stock, valued at $2,595,078. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Ozey K. Horton, Jr. sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $62.25, for a total transaction of $62,250.00. Following the completion of the transaction, the director now directly owns 41,688 shares of the company’s stock, valued at $2,595,078. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael J. Endres sold 66,000 shares of the business’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 of the company’s stock, valued at $4,928,035.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,000 shares of company stock valued at $4,364,750. 38.50% of the stock is currently owned by corporate insiders.

Worthington Enterprises Stock Performance

NYSE WOR opened at $59.60 on Wednesday. The company has a market cap of $2.99 billion, a P/E ratio of 10.90 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 has a 50-day moving average of $61.45 and a two-hundred day moving average of $59.87. Worthington Enterprises, Inc. has a 1-year low of $33.96 and a 1-year high of $69.96.

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

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.