Worthington Enterprises, Inc. $WOR Shares Bought by PDS Planning Inc

PDS Planning Inc grew its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,653 shares of the industrial products company’s stock after purchasing an additional 641 shares during the period. PDS Planning Inc’s holdings in Worthington Enterprises were worth $869,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS lifted its stake in Worthington Enterprises by 15.0% during the second quarter. KLP Kapitalforvaltning AS now owns 6,900 shares of the industrial products company’s stock worth $439,000 after purchasing an additional 900 shares in the last quarter. 111 Capital acquired a new position in Worthington Enterprises during the second quarter worth $201,000. Ameritas Advisory Services LLC acquired a new position in Worthington Enterprises during the second quarter worth $46,000. Janney Montgomery Scott LLC lifted its stake in Worthington Enterprises by 1.4% during the second quarter. Janney Montgomery Scott LLC now owns 27,254 shares of the industrial products company’s stock worth $1,734,000 after purchasing an additional 368 shares in the last quarter. Finally, ORG Partners LLC lifted its stake in Worthington Enterprises by 61.0% during the second quarter. ORG Partners LLC now owns 660 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 250 shares in the last quarter. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WOR. Canaccord Genuity Group reduced their price objective on Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. CJS Securities upgraded 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, September 24th. Wall Street Zen cut Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group increased their price objective on Worthington Enterprises from $44.00 to $50.00 and gave the company a “sell” rating in a research note on Thursday, June 26th. Finally, Zacks Research cut Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Worthington Enterprises has an average rating of “Moderate Buy” and an average target price of $62.33.

Insider Buying and Selling

In other Worthington Enterprises news, Director Michael J. Endres bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average price of $52.95 per share, with a total value of $529,500.00. Following the completion of the acquisition, the director directly owned 95,524 shares of the company’s stock, valued at $5,057,995.80. This represents a 11.69% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is owned by company insiders.

Worthington Enterprises Stock Performance

NYSE:WOR opened at $54.98 on Friday. The firm has a market capitalization of $2.73 billion, a PE ratio of 25.81 and a beta of 1.17. The business’s fifty day moving average price is $61.88 and its 200 day moving average price is $58.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.30 and a quick ratio of 2.24. Worthington Enterprises, Inc. has a 12 month low of $37.88 and a 12 month high of $70.91.

Worthington Enterprises (NYSE:WOR) last posted its earnings results on Wednesday, December 28th. The industrial products company reported $2.12 EPS for the quarter. The firm had revenue of $1.23 billion for the quarter. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.91%. On average, sell-side analysts anticipate that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, December 15th. Worthington Enterprises’s dividend payout ratio is 35.68%.

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.