Worthington Enterprises, Inc. (NYSE:WOR) Short Interest Down 31.8% in March

Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 1,480,000 shares, a drop of 31.8% from the March 15th total of 2,170,000 shares. Based on an average trading volume of 310,600 shares, the short-interest ratio is presently 4.8 days. Approximately 4.8% of the company's shares are sold short.

Wall Street Analyst Weigh In

Several equities analysts have commented on WOR shares. Canaccord Genuity Group started coverage on shares of Worthington Enterprises in a research report on Tuesday, January 30th. They set a "hold" rating and a $56.00 target price on the stock. Canaccord Genuity Group lifted their target price on shares of Worthington Enterprises from $56.00 to $64.00 and gave the stock a "hold" rating in a research report on Monday, March 25th. StockNews.com cut shares of Worthington Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group lifted their price target 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 analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $61.00.

Insiders Place Their Bets

In other Worthington Enterprises news, Director Michael J. Endres sold 66,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following the completion of the sale, the director now directly owns 76,689 shares in the company, valued at approximately $4,928,035.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Worthington Enterprises news, Director Michael J. Endres sold 66,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following the completion of the sale, the director now directly owns 76,689 shares in the company, valued at approximately $4,928,035.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 1,000 shares of the firm's stock in a transaction dated 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 sale, the director now owns 40,688 shares of the company's stock, valued at $2,495,801.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,000 shares of company stock worth $4,364,750. Company insiders own 38.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new position in Worthington Enterprises in the 4th quarter valued at approximately $248,000. Vanguard Group Inc. grew its stake in Worthington Enterprises by 6.6% in the 4th quarter. Vanguard Group Inc. now owns 3,901,794 shares of the industrial products company's stock valued at $224,548,000 after buying an additional 242,833 shares in the last quarter. Fisher Asset Management LLC grew its stake in Worthington Enterprises by 7.5% in the 4th quarter. Fisher Asset Management LLC now owns 87,186 shares of the industrial products company's stock valued at $5,018,000 after buying an additional 6,073 shares in the last quarter. Gerber LLC purchased a new position in Worthington Enterprises in the 4th quarter valued at approximately $1,856,000. Finally, Wellington Management Group LLP grew its stake in Worthington Enterprises by 8.2% in the 4th quarter. Wellington Management Group LLP now owns 75,178 shares of the industrial products company's stock valued at $4,326,000 after buying an additional 5,706 shares in the last quarter. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Worthington Enterprises Stock Performance

Shares of NYSE:WOR traded down $0.89 during mid-day trading on Friday, reaching $58.40. The company had a trading volume of 190,506 shares, compared to its average volume of 308,762. The company has a current ratio of 3.42, a quick ratio of 2.47 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 10.63 and a beta of 1.39. The company's 50-day moving average price is $61.66 and its 200-day moving average price is $60.24. Worthington Enterprises has a one year low of $33.96 and a one year high of $69.96.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The industrial products company reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $1.24 by ($0.44). The company had revenue of $316.76 million during the quarter, compared to the consensus estimate of $326.70 million. Worthington Enterprises had a return on equity of 19.40% and a net margin of 7.12%. The company's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period last year, the firm posted $1.04 EPS.

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.

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