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

Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) Director Ozey K. Horton, Jr. sold 1,000 shares of the company's stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $61.34, for a total value of $61,340.00. Following the completion of the transaction, the director now owns 40,688 shares in the company, valued at approximately $2,495,801.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Worthington Enterprises Price Performance

Shares of WOR stock traded down $0.38 on Monday, reaching $61.21. The company's stock had a trading volume of 158,853 shares, compared to its average volume of 316,514. The company has a quick ratio of 2.47, a current ratio of 3.42 and a debt-to-equity ratio of 0.33. Worthington Enterprises, Inc. has a 12-month low of $33.96 and a 12-month high of $69.96. The company has a market capitalization of $3.87 billion, a P/E ratio of 11.19 and a beta of 1.39. The stock's 50 day simple moving average is $61.55 and its 200-day simple moving average is $60.31.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share (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 business had revenue of $316.76 million during the quarter, compared to analysts' expectations of $326.70 million. During the same quarter last year, the business posted $1.04 EPS. The company's quarterly revenue was down 8.5% on a year-over-year basis.

Analysts Set New Price Targets

WOR has been the topic of several recent research reports. StockNews.com downgraded Worthington Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, March 22nd. Canaccord Genuity Group increased their target price on Worthington Enterprises from $56.00 to $64.00 and gave the stock a "hold" rating in a research report on Monday, March 25th. The Goldman Sachs Group increased their target price on Worthington Enterprises from $50.00 to $56.00 and gave the stock a "sell" rating in a research report on Friday, March 22nd. Finally, Canaccord Genuity Group initiated coverage on Worthington Enterprises in a research report on Tuesday, January 30th. They set a "hold" rating and a $56.00 target price on the stock. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $61.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Worthington Enterprises by 13.0% in the first quarter. BlackRock Inc. now owns 4,571,279 shares of the industrial products company's stock valued at $235,012,000 after acquiring an additional 526,776 shares during the last quarter. Vanguard Group Inc. increased its stake in Worthington Enterprises by 6.6% in the fourth quarter. Vanguard Group Inc. now owns 3,901,794 shares of the industrial products company's stock valued at $224,548,000 after acquiring an additional 242,833 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Worthington Enterprises by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,448,876 shares of the industrial products company's stock valued at $140,934,000 after acquiring an additional 125,592 shares during the last quarter. Pacer Advisors Inc. increased its stake in Worthington Enterprises by 67,348.5% in the fourth quarter. Pacer Advisors Inc. now owns 2,224,452 shares of the industrial products company's stock valued at $128,017,000 after acquiring an additional 2,221,154 shares during the last quarter. Finally, State Street Corp increased its stake in Worthington Enterprises by 18.1% in the first quarter. State Street Corp now owns 2,010,543 shares of the industrial products company's stock valued at $103,362,000 after acquiring an additional 307,667 shares during the last quarter. Institutional investors own 51.59% of the company's stock.

About Worthington Enterprises

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.