SG Americas Securities LLC Reduces Stake in Worthington Enterprises, Inc. (NYSE:WOR)

SG Americas Securities LLC reduced its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 70.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,985 shares of the industrial products company’s stock after selling 4,757 shares during the quarter. SG Americas Securities LLC’s holdings in Worthington Enterprises were worth $114,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. purchased a new stake in Worthington Enterprises in the 3rd quarter valued at $2,992,000. FMR LLC grew its holdings in shares of Worthington Enterprises by 3,957.0% during the 3rd quarter. FMR LLC now owns 90,674 shares of the industrial products company’s stock worth $5,605,000 after purchasing an additional 88,439 shares during the period. HighTower Advisors LLC grew its holdings in shares of Worthington Enterprises by 395.4% during the 3rd quarter. HighTower Advisors LLC now owns 20,921 shares of the industrial products company’s stock worth $1,291,000 after purchasing an additional 16,698 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Worthington Enterprises by 11.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,794 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 400 shares during the period. Finally, EP Wealth Advisors LLC grew its holdings in shares of Worthington Enterprises by 105.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 24,211 shares of the industrial products company’s stock worth $1,497,000 after purchasing an additional 12,446 shares during the period. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Worthington Enterprises Price Performance

WOR opened at $57.22 on Friday. The stock’s 50-day moving average price is $61.66 and its 200 day moving average price is $59.94. Worthington Enterprises, Inc. has a 12-month low of $33.96 and a 12-month high of $69.96. The company has a current ratio of 3.42, a quick ratio of 2.47 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 10.46 and a beta of 1.39.

Worthington Enterprises (NYSE:WOR) last posted its 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). Worthington Enterprises had a return on equity of 19.40% and a net margin of 7.12%. The firm had revenue of $316.76 million for the quarter, compared to analyst estimates of $326.70 million. During the same period in the previous year, the company posted $1.04 EPS. Worthington Enterprises’s revenue was down 8.5% on a year-over-year basis.

Insider Buying and Selling at Worthington Enterprises

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com cut Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Canaccord Genuity Group increased their price target on Worthington Enterprises from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Canaccord Genuity Group assumed coverage on Worthington Enterprises in a report on Tuesday, January 30th. They set a “hold” rating and a $56.00 price target for the company. Finally, The Goldman Sachs Group increased their price target on Worthington Enterprises from $50.00 to $56.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.00.

Worthington Enterprises 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.