108,040 Worthington Enterprises, Inc. $WOR Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 56.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,883 shares of the industrial products company’s stock after selling 108,040 shares during the period. Vontobel Holding Ltd.’s holdings in Worthington Enterprises were worth $4,994,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WOR. BlackRock Inc. purchased a new stake in Worthington Enterprises in the 2nd quarter worth $283,372,000. Fort Washington Investment Advisors Inc. OH acquired a new position in Worthington Enterprises during the first quarter worth $23,824,000. Windsor Advisory Group LLC acquired a new position in Worthington Enterprises during the second quarter worth $20,945,000. Bank of New York Mellon Corp acquired a new position in Worthington Enterprises during the second quarter worth $18,376,000. Finally, Bank of America Corp DE purchased a new position in Worthington Enterprises during the second quarter valued at $10,939,000. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on WOR shares. Weiss Ratings upgraded shares of Worthington Enterprises from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Canaccord Genuity Group boosted their target price on shares of Worthington Enterprises from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Finally, Wall Street Zen downgraded shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.00.

Worthington Enterprises Price Performance

Shares of Worthington Enterprises stock opened at $64.22 on Friday. The stock has a market capitalization of $3.16 billion, a P/E ratio of 19.40 and a beta of 1.29. The business has a 50 day simple moving average of $59.36 and a two-hundred day simple moving average of $56.95. Worthington Enterprises, Inc. has a 12 month low of $45.01 and a 12 month high of $67.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 1.53.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings results on Tuesday, September 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. Worthington Enterprises had a return on equity of 16.71% and a net margin of 11.50%. The firm had revenue of $343.89 million for the quarter, compared to analyst estimates of $331.26 million. During the same period in the previous year, the company posted $0.74 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. As a group, analysts predict that Worthington Enterprises, Inc. will post 3.80 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, December 15th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 24.17%.

Insiders Place Their Bets

In other Worthington Enterprises news, major shareholder John McConnell sold 42,491 shares of Worthington Enterprises stock in a transaction on Monday, September 28th. The shares were sold at an average price of $60.43, for a total transaction of $2,567,731.13. Following the sale, the insider owned 1,335,648 shares of the company’s stock, valued at $80,713,208.64. The trade was a 3.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.50% of the company’s stock.

About Worthington Enterprises

Worthington Enterprises, Inc is a diversified manufacturer of consumer and building products headquartered in Columbus, Ohio. The company was established as part of the separation of Worthington Industries’ steel-processing business, which became Worthington Steel in 2023. Worthington Enterprises retained the company’s consumer-focused and building-products operations.

The company’s Consumer Products segment develops and sells products for the home, outdoor living, and related markets.