Wedge Capital Management L L P NC Has $4.99 Million Stock Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Wedge Capital Management L L P NC boosted its position in Worthington Enterprises, Inc. (NYSE:WOR) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,697 shares of the industrial products company’s stock after buying an additional 6,238 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.17% of Worthington Enterprises worth $4,989,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Worthington Enterprises by 8.8% in the third quarter. Vanguard Group Inc. now owns 3,658,961 shares of the industrial products company’s stock valued at $226,197,000 after purchasing an additional 297,139 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Worthington Enterprises by 67,348.5% during the 4th quarter. Pacer Advisors Inc. now owns 2,224,452 shares of the industrial products company’s stock worth $128,017,000 after acquiring an additional 2,221,154 shares during the period. Invesco Ltd. boosted its stake in shares of Worthington Enterprises by 39.6% during the 3rd quarter. Invesco Ltd. now owns 273,139 shares of the industrial products company’s stock worth $16,885,000 after acquiring an additional 77,471 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Worthington Enterprises by 193.8% during the 3rd quarter. Acadian Asset Management LLC now owns 203,299 shares of the industrial products company’s stock worth $12,556,000 after acquiring an additional 134,095 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Worthington Enterprises by 2.3% during the 3rd quarter. Rhumbline Advisers now owns 118,091 shares of the industrial products company’s stock worth $7,300,000 after acquiring an additional 2,693 shares during the period. Institutional investors and hedge funds own 51.59% of the company’s stock.

Analyst Ratings Changes

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

Worthington Enterprises Stock Performance

WOR opened at $58.84 on Thursday. The business has a fifty day simple moving average of $61.44 and a 200 day simple moving average of $59.86. The company has a market capitalization of $2.95 billion, a PE ratio of 10.76 and a beta of 1.39. Worthington Enterprises, Inc. has a 1 year low of $33.96 and a 1 year high of $69.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.42 and a quick ratio of 2.47.

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

Insider Activity at Worthington Enterprises

In related news, Director Ozey K. Horton, Jr. sold 1,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $62.25, for a total value of $62,250.00. Following the completion of the sale, the director now directly owns 41,688 shares in the company, valued at approximately $2,595,078. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Worthington Enterprises news, Director Ozey K. Horton, Jr. sold 1,000 shares of Worthington Enterprises stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $62.25, for a total value of $62,250.00. Following the completion of the transaction, the director now directly owns 41,688 shares of the company’s stock, valued at approximately $2,595,078. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Endres sold 66,000 shares of Worthington Enterprises stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $64.26, for a total value of $4,241,160.00. Following the completion of the transaction, the director now directly owns 76,689 shares of the company’s stock, valued at $4,928,035.14. The disclosure for this sale can be found here. Insiders sold 68,000 shares of company stock worth $4,364,750 in the last ninety days. 38.50% of the stock is owned by company insiders.

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.