G2 Capital Management LLC OH Purchases New Stake in Worthington Enterprises, Inc. $WOR

G2 Capital Management LLC OH purchased a new stake in Worthington Enterprises, Inc. (NYSE:WOR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,810 shares of the industrial products company’s stock, valued at approximately $242,000.

Several other hedge funds have also recently bought and sold shares of the business. CWM LLC raised its holdings in Worthington Enterprises by 33.5% in the second quarter. CWM LLC now owns 813 shares of the industrial products company’s stock valued at $52,000 after buying an additional 204 shares during the period. ORG Partners LLC raised its holdings in Worthington Enterprises by 61.0% in the second quarter. ORG Partners LLC now owns 660 shares of the industrial products company’s stock valued at $43,000 after buying an additional 250 shares during the period. GAMMA Investing LLC raised its holdings in Worthington Enterprises by 19.8% in the second quarter. GAMMA Investing LLC now owns 1,969 shares of the industrial products company’s stock valued at $125,000 after buying an additional 325 shares during the period. Park National Corp OH raised its holdings in Worthington Enterprises by 3.3% in the second quarter. Park National Corp OH now owns 11,382 shares of the industrial products company’s stock valued at $724,000 after buying an additional 365 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Worthington Enterprises by 1.4% in the second quarter. Janney Montgomery Scott LLC now owns 27,254 shares of the industrial products company’s stock valued at $1,734,000 after buying an additional 368 shares during the period. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on WOR. Canaccord Genuity Group cut their price target on shares of Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Wall Street Zen downgraded shares of Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a research report on Wednesday. Zacks Research downgraded shares of Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, CJS Securities raised shares of Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 price objective for the company in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.33.

Worthington Enterprises Stock Down 1.3%

WOR stock opened at $54.98 on Friday. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $70.91. The company has a current ratio of 3.30, a quick ratio of 2.24 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.73 billion, a P/E ratio of 25.81 and a beta of 1.17. The firm has a 50 day simple moving average of $61.88 and a 200-day simple moving average of $58.70.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Wednesday, December 28th. The industrial products company reported $2.12 earnings per share for the quarter. Worthington Enterprises had a net margin of 8.91% and a return on equity of 17.70%. The business had revenue of $1.23 billion during the quarter. On average, equities research analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.4%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 35.68%.

Insider Buying and Selling at Worthington Enterprises

In related news, Director Michael J. Endres purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average price of $52.95 per share, with a total value of $529,500.00. Following the completion of the transaction, the director owned 95,524 shares of the company’s stock, valued at $5,057,995.80. This represents a 11.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.40% of the company’s stock.

About Worthington Enterprises

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.