Worthington Enterprises, Inc. $WOR Stock Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in Worthington Enterprises, Inc. (NYSE:WOR) by 4,005.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 183,288 shares of the industrial products company’s stock after purchasing an additional 178,824 shares during the period. ProShare Advisors LLC’s holdings in Worthington Enterprises were worth $10,913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its position in Worthington Enterprises by 57.3% during the 1st quarter. Parallel Advisors LLC now owns 722 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 263 shares during the period. Sei Investments Co. lifted its holdings in shares of Worthington Enterprises by 6.1% in the 1st quarter. Sei Investments Co. now owns 4,601 shares of the industrial products company’s stock valued at $240,000 after buying an additional 264 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Worthington Enterprises by 72.2% in the third quarter. Sterling Capital Management LLC now owns 773 shares of the industrial products company’s stock valued at $46,000 after buying an additional 324 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Worthington Enterprises by 4.6% in the second quarter. Handelsbanken Fonder AB now owns 9,100 shares of the industrial products company’s stock valued at $489,000 after buying an additional 400 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Worthington Enterprises during the first quarter worth $25,000. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WOR. Canaccord Genuity Group increased their price objective on Worthington Enterprises from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. 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. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Worthington Enterprises currently has a consensus rating of “Moderate Buy” and an average price target of $75.00.

Worthington Enterprises Trading Down 1.9%

Shares of WOR opened at $63.72 on Wednesday. Worthington Enterprises, Inc. has a twelve month low of $45.01 and a twelve month high of $67.54. The company has a current ratio of 2.67, a quick ratio of 1.53 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $3.14 billion, a P/E ratio of 18.99 and a beta of 1.30. The firm’s 50-day moving average is $60.85 and its two-hundred day moving average is $56.56.

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

Worthington Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, December 15th. Worthington Enterprises’s dividend payout ratio (DPR) is presently 24.17%.

Insider Transactions at Worthington Enterprises

In related news, major shareholder John McConnell sold 42,491 shares of Worthington Enterprises stock in a transaction on Monday, September 28th. The stock was sold at an average price of $60.43, for a total transaction of $2,567,731.13. Following the completion of the transaction, the insider directly owned 1,335,648 shares of the company’s stock, valued at approximately $80,713,208.64. The trade was a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

Worthington Enterprises Profile

Worthington Enterprises, Inc (NYSE: WOR) is a diversified company focused on consumer and building products. Its portfolio includes products for outdoor living, water storage and treatment, and related household and lifestyle applications, serving residential, commercial and industrial customers.

The company also has interests in building-products businesses that provide solutions used in construction, including systems and components for commercial and residential structures. Its products are marketed through a range of brands and distribution channels in the United States and other markets.

Worthington Enterprises was created in 2023 through the separation of Worthington Industries’ consumer-products and related businesses from its steel-processing operations.