Ozey K. Horton, Jr. Sells 1,000 Shares of Worthington Enterprises, Inc. (NYSE:WOR) Stock

Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) Director Ozey K. Horton, Jr. sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $62.25, for a total value of $62,250.00. Following the completion of the transaction, the director now directly owns 41,688 shares in the company, valued at $2,595,078. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Worthington Enterprises Stock Performance

NYSE:WOR traded down $1.04 during trading on Monday, reaching $61.19. The company's stock had a trading volume of 337,508 shares, compared to its average volume of 320,617. Worthington Enterprises, Inc. has a 12 month low of $33.96 and a 12 month high of $69.96. The firm has a 50 day moving average of $60.90 and a 200-day moving average of $60.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.47 and a current ratio of 3.42. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 11.14 and a beta of 1.39.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings data on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share 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%. Worthington Enterprises's revenue for the quarter was down 8.5% on a year-over-year basis. During the same period last year, the company posted $1.04 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WOR. Pacifica Partners Inc. purchased a new stake in shares of Worthington Enterprises in the 3rd quarter valued at about $30,000. Headlands Technologies LLC bought a new stake in Worthington Enterprises during the third quarter valued at approximately $31,000. Millburn Ridgefield Corp grew its stake in Worthington Enterprises by 55.7% in the 4th quarter. Millburn Ridgefield Corp now owns 576 shares of the industrial products company's stock worth $33,000 after buying an additional 206 shares in the last quarter. FSC Wealth Advisors LLC bought a new position in shares of Worthington Enterprises in the 3rd quarter worth $35,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Worthington Enterprises during the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 51.59% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on WOR shares. Canaccord Genuity Group began coverage on Worthington Enterprises in a research report on Tuesday, January 30th. They issued a "hold" rating and a $56.00 target price for the company. TheStreet upgraded shares of Worthington Enterprises from a "c+" rating to a "b" rating in a research note on Monday, December 4th. Canaccord Genuity Group raised their price objective on shares of Worthington Enterprises from $56.00 to $64.00 and gave the company a "hold" rating in a research note on Monday, March 25th. 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 research report on Friday, March 22nd. Finally, StockNews.com downgraded Worthington Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, Worthington Enterprises currently has a consensus rating of "Hold" and an average price target of $61.00.

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.