Worthington Enterprises (NYSE:WOR) Director Michael Endres Purchases 10,000 Shares

Key Points

• Director Michael Endres of Worthington Enterprises purchased 10,000 shares at an average price of $52.95 per share, increasing his ownership by 11.69%.
• The company reported quarterly earnings of $0.74 EPS, exceeding analysts' estimates and showing an 18.0% revenue increase year-over-year.
• Worthington Enterprises declared a quarterly dividend of $0.19 per share, with a yield of 1.4% and a payout ratio of 39.79%.

Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) Director Michael Endres bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $52.95 per share, for a total transaction of $529,500.00. Following the transaction, the director owned 95,524 shares in the company, valued at $5,057,995.80. This represents a 11.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Worthington Enterprises Stock Performance

Shares of NYSE:WOR traded up $1.81 during trading on Friday, hitting $54.60. 347,899 shares of the company were exchanged, compared to its average volume of 318,139. The company has a market cap of $2.72 billion, a PE ratio of 25.70 and a beta of 1.20. Worthington Enterprises, Inc. has a 52-week low of $37.88 and a 52-week high of $70.91. The stock has a 50 day moving average of $63.33 and a 200 day moving average of $57.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.30 and a quick ratio of 2.62.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings data on Tuesday, September 23rd. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.04. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.91%.The firm had revenue of $303.70 million for the quarter, compared to analysts' expectations of $291.84 million. During the same period last year, the firm earned $0.50 earnings per share. The company's revenue for the quarter was up 18.0% compared to the same quarter last year. As a group, equities research analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, December 15th. Worthington Enterprises's dividend payout ratio (DPR) is currently 39.79%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WOR. EverSource Wealth Advisors LLC grew its position in Worthington Enterprises by 693.6% in the second quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 541 shares during the period. ORG Partners LLC grew its stake in Worthington Enterprises by 61.0% in the second quarter. ORG Partners LLC now owns 660 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 250 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Worthington Enterprises during the 2nd quarter worth approximately $46,000. Quarry LP bought a new stake in Worthington Enterprises in the 1st quarter valued at $49,000. Finally, State of Wyoming bought a new stake in shares of Worthington Enterprises during the 4th quarter valued at $51,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Worthington Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 25th. The Goldman Sachs Group upped their price objective on shares of Worthington Enterprises from $44.00 to $50.00 and gave the stock a "sell" rating in a research report on Thursday, June 26th. CJS Securities raised shares of Worthington Enterprises from a "market perform" rating to an "outperform" rating and set a $64.00 price objective on the stock in a research note on Wednesday. Canaccord Genuity Group decreased their price target on shares of Worthington Enterprises from $81.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Wall Street Zen upgraded shares of Worthington Enterprises from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $62.33.

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.

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