Worthington Enterprises, Inc. $WOR Stock: Vontobel Holding Ltd. Lowers Holdings

Key Points

• Vontobel Holding cut its Worthington Enterprises stake by 56.3% in the third quarter, selling 108,040 shares and retaining 83,883 shares valued at approximately $5.0 million. Institutional investors collectively own 51.59% of the company.
• Worthington reported quarterly earnings of $0.82 per share, exceeding the $0.75 analyst estimate, while revenue rose 13.2% year over year to $343.89 million. Analysts project $3.80 in full-year earnings per share.
• WOR shares opened at $64.22, with analysts assigning a “Moderate Buy” consensus rating and a $75 price target. The company also declared a quarterly dividend of $0.20 per share, representing a 1.2% yield.

Vontobel Holding Ltd. cut its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 56.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,883 shares of the industrial products company's stock after selling 108,040 shares during the quarter. Vontobel Holding Ltd. owned about 0.17% of Worthington Enterprises worth $4,994,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Cyndeo Wealth Partners LLC purchased a new position in Worthington Enterprises in the 3rd quarter worth $355,000. Fort Washington Investment Advisors Inc. OH lifted its position in Worthington Enterprises by 1.6% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 537,773 shares of the industrial products company's stock worth $32,019,000 after acquiring an additional 8,560 shares during the period. Fortitude Family Office LLC lifted its position in Worthington Enterprises by 5,544.4% during the 3rd quarter. Fortitude Family Office LLC now owns 1,524 shares of the industrial products company's stock worth $91,000 after acquiring an additional 1,497 shares during the period. Sax Wealth Advisors LLC acquired a new stake in Worthington Enterprises during the 3rd quarter worth about $399,000. Finally, Farther Finance Advisors LLC grew its stake in Worthington Enterprises by 307.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,482 shares of the industrial products company's stock valued at $267,000 after purchasing an additional 3,381 shares during the last quarter. 51.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WOR shares. Canaccord Genuity Group increased their price objective on Worthington Enterprises from $67.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, September 24th. Wall Street Zen cut Worthington Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, June 27th. Finally, Weiss Ratings raised Worthington Enterprises from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Worthington Enterprises has an average rating of "Moderate Buy" and a consensus price target of $75.00.

Worthington Enterprises Stock Up 0.6%

WOR stock opened at $64.22 on Friday. The firm's fifty day simple moving average is $59.36 and its 200-day simple moving average is $56.95. The company has a market capitalization of $3.16 billion, a P/E ratio of 19.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 1.53. Worthington Enterprises, Inc. has a 12 month low of $45.01 and a 12 month high of $67.54.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its quarterly earnings data on Tuesday, September 22nd. The industrial products company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.07. Worthington Enterprises had a net margin of 11.50% and a return on equity of 16.71%. The firm had revenue of $343.89 million for the quarter, compared to analyst estimates of $331.26 million. During the same quarter in the prior year, the business earned $0.74 earnings per share. The business's quarterly revenue was up 13.2% compared to the same quarter last year. As a group, equities research analysts forecast that Worthington Enterprises, Inc. will post 3.80 earnings per share for the current year.

Worthington Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, December 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, December 15th. Worthington Enterprises's dividend payout ratio is presently 24.17%.

Insider Buying and Selling

In other Worthington Enterprises news, major shareholder John McConnell sold 42,491 shares of the stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $60.43, for a total transaction of $2,567,731.13. Following the sale, the insider directly owned 1,335,648 shares of the company's stock, valued at approximately $80,713,208.64. This trade represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.50% of the company's stock.

Worthington Enterprises Company Profile

Worthington Enterprises, Inc is a diversified manufacturer of consumer and building products headquartered in Columbus, Ohio. The company was established as part of the separation of Worthington Industries' steel-processing business, which became Worthington Steel in 2023. Worthington Enterprises retained the company's consumer-focused and building-products operations.

The company's Consumer Products segment develops and sells products for the home, outdoor living, and related markets.

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