Worthington Enterprises, Inc. (NYSE:WOR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 73.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,335 shares of the industrial products company's stock after selling 14,499 shares during the period. Mutual of America Capital Management LLC's holdings in Worthington Enterprises were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in WOR. Headlands Technologies LLC bought a new stake in Worthington Enterprises in the 3rd quarter worth approximately $31,000. FSC Wealth Advisors LLC bought a new stake in shares of Worthington Enterprises during the 3rd quarter valued at $35,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Worthington Enterprises during the 3rd quarter valued at $97,000. CI Investments Inc. bought a new stake in shares of Worthington Enterprises during the 3rd quarter valued at $134,000. Finally, Versor Investments LP bought a new stake in shares of Worthington Enterprises during the 3rd quarter valued at $204,000. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Worthington Enterprises Price Performance

WOR stock traded down $0.76 during mid-day trading on Wednesday, hitting $58.84. The company had a trading volume of 194,425 shares, compared to its average volume of 298,860. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 10.66 and a beta of 1.39. Worthington Enterprises, Inc. has a 12-month low of $33.96 and a 12-month high of $69.96. The company has a quick ratio of 2.47, a current ratio of 3.42 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $61.45 and a 200 day moving average price of $59.87.

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

Insiders Place Their Bets

In other news, Director Michael J. Endres sold 66,000 shares of the company's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Ozey K. Horton, Jr. sold 1,000 shares of the 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 sale, the director now directly owns 40,688 shares of the company's stock, valued at approximately $2,495,801.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 $4,928,035.14. The disclosure for this sale can be found here. Insiders have sold a total of 68,000 shares of company stock worth $4,364,750 in the last 90 days. 38.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WOR has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price objective on shares of Worthington Enterprises from $56.00 to $64.00 and gave the company a "hold" rating in a research report on Monday, March 25th. The Goldman Sachs Group boosted their price objective on shares of Worthington Enterprises from $50.00 to $56.00 and gave the company a "sell" rating in a research report on Friday, March 22nd. Canaccord Genuity Group initiated coverage on shares of Worthington Enterprises in a research report on Tuesday, January 30th. They set a "hold" rating and a $56.00 price objective for the company. Finally, StockNews.com downgraded shares of Worthington Enterprises from a "buy" rating to a "hold" rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, Worthington Enterprises currently has a consensus rating of "Hold" and a consensus target price of $61.00.

Worthington Enterprises 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.