Illinois Municipal Retirement Fund Makes New Investment in Worthington Enterprises, Inc. (NYSE:WOR)

Illinois Municipal Retirement Fund purchased a new position in Worthington Enterprises, Inc. (NYSE:WOR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 24,891 shares of the industrial products company’s stock, valued at approximately $1,432,000.

Several other hedge funds have also bought and sold shares of the stock. Wedge Capital Management L L P NC lifted its stake in Worthington Enterprises by 7.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 86,697 shares of the industrial products company’s stock worth $4,989,000 after purchasing an additional 6,238 shares in the last quarter. Strs Ohio increased its holdings in shares of Worthington Enterprises by 14.3% in the 4th quarter. Strs Ohio now owns 15,200 shares of the industrial products company’s stock worth $874,000 after buying an additional 1,900 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Worthington Enterprises in the 4th quarter worth about $875,000. G2 Capital Management LLC OH increased its holdings in shares of Worthington Enterprises by 26.6% in the 4th quarter. G2 Capital Management LLC OH now owns 7,740 shares of the industrial products company’s stock worth $445,000 after buying an additional 1,628 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Worthington Enterprises in the 4th quarter worth about $320,000. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Stock Performance

Shares of NYSE:WOR opened at $58.44 on Friday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 10.68 and a beta of 1.39. Worthington Enterprises, Inc. has a 12 month low of $33.96 and a 12 month high of $69.96. The firm’s 50-day moving average is $61.27 and its 200 day moving average is $59.83. The company has a current ratio of 3.42, a quick ratio of 2.47 and a debt-to-equity ratio of 0.33.

Worthington Enterprises (NYSE:WOR) last issued its quarterly 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 firm had revenue of $316.76 million for the quarter, compared to the consensus estimate of $326.70 million. Worthington Enterprises had a net margin of 7.12% and a return on equity of 19.40%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.04 earnings per share.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group assumed coverage on shares of 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 shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Canaccord Genuity Group boosted their target price on shares of Worthington Enterprises from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Finally, The Goldman Sachs Group boosted their target price on shares of Worthington Enterprises from $50.00 to $56.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.00.

Insider Activity at Worthington Enterprises

In related news, Director Michael J. Endres sold 66,000 shares of the company’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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Worthington Enterprises news, Director Michael J. Endres sold 66,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 1,000 shares of the company’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 completion of the transaction, the director now owns 40,688 shares in the company, valued at $2,495,801.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,000 shares of company stock worth $4,364,750. Insiders own 38.50% of the company’s stock.

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.