Engineers Gate Manager LP Sells 44,647 Shares of Worthington Enterprises, Inc. $WOR

Engineers Gate Manager LP decreased its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 80.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,804 shares of the industrial products company's stock after selling 44,647 shares during the quarter. Engineers Gate Manager LP's holdings in Worthington Enterprises were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WOR. ProShare Advisors LLC increased its position in Worthington Enterprises by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 6,114 shares of the industrial products company's stock worth $315,000 after purchasing an additional 189 shares during the period. Parallel Advisors LLC lifted its position in Worthington Enterprises by 57.3% during the 1st quarter. Parallel Advisors LLC now owns 722 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 263 shares during the period. Sei Investments Co. boosted its stake in shares of Worthington Enterprises by 6.1% in the 1st quarter. Sei Investments Co. now owns 4,601 shares of the industrial products company's stock valued at $240,000 after purchasing an additional 264 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Worthington Enterprises by 4.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 9,100 shares of the industrial products company's stock worth $489,000 after buying an additional 400 shares during the period. Finally, Allworth Financial LP grew its position in shares of Worthington Enterprises by 872.0% during the 4th quarter. Allworth Financial LP now owns 486 shares of the industrial products company's stock worth $25,000 after buying an additional 436 shares during the period. 51.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Worthington Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, June 27th. Weiss Ratings reissued a "hold (c)" rating on shares of Worthington Enterprises in a research note on Friday, July 17th. Finally, Canaccord Genuity Group reduced their price target on Worthington Enterprises from $69.00 to $67.00 and set a "buy" rating on the stock in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Worthington Enterprises currently has an average rating of "Moderate Buy" and a consensus price target of $65.50.

Key Stories Impacting Worthington Enterprises

Here are the key news stories impacting Worthington Enterprises this week:

• Positive Sentiment: Quarterly results exceeded expectations: Worthington Enterprises reported earnings of $0.82 per share, above the $0.75 consensus estimate and up from $0.74 in the year-ago quarter. Revenue reached $343.89 million, surpassing the $331.26 million forecast. Worthington Shares Surge on Higher Sales, Profit
• Positive Sentiment: Sales growth was substantial: First-quarter revenue increased 13.2% year over year, indicating stronger demand across the company’s building, trade and specialty product businesses. The company also reported an 11.30% net margin and 16.79% return on equity. Worthington Enterprises Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Dividend maintained: The board declared a quarterly dividend of $0.20 per share, payable December 29, 2026, to shareholders of record December 15. The dividend supports the stock’s income appeal and signals ongoing confidence in cash distributions. Worthington Enterprises Declares Quarterly Dividend
• Neutral Sentiment: Board transition noted: Worthington recognized three retiring directors. While the change may attract investor attention, the available reports do not indicate a material change in strategy or financial outlook. Stocks to Watch

Insider Buying and Selling

In other news, major shareholder John McConnell sold 17,625 shares of the company's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $53.04, for a total value of $934,830.00. Following the completion of the transaction, the insider owned 1,335,648 shares in the company, valued at $70,842,769.92. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.50% of the company's stock.

Worthington Enterprises Stock Performance

WOR stock opened at $59.11 on Wednesday. The business's 50-day moving average price is $57.56 and its two-hundred day moving average price is $55.47. The company has a current ratio of 2.37, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.89 billion, a PE ratio of 18.82 and a beta of 1.30. Worthington Enterprises, Inc. has a 1-year low of $45.01 and a 1-year high of $63.13.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings results on Tuesday, September 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.07. The company had revenue of $343.89 million during the quarter, compared to the consensus estimate of $331.26 million. Worthington Enterprises had a return on equity of 16.79% and a net margin of 11.30%.The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 earnings per share. As a group, research analysts forecast that Worthington Enterprises, Inc. will post 3.75 earnings per share for the current year.

Worthington Enterprises Profile

Worthington Enterprises, Inc NYSE: WOR is a diversified manufacturer and branded products company focused primarily on consumer and building-product markets. The company develops, manufactures and markets products used by consumers, contractors and other professional customers.

Its consumer products activities include outdoor living, lawn and garden, tools and related products. Its portfolio has included brands such as Bernzomatic, Balloon Time, Mag-Torch and General Tools, although its product portfolio may change as the company manages its businesses and brands.

Worthington Enterprises also participates in the building-products industry, supplying products used in commercial and residential construction.

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