G2 Capital Management LLC OH Makes New Investment in Worthington Enterprises, Inc. $WOR

G2 Capital Management LLC OH acquired a new position in Worthington Enterprises, Inc. (NYSE:WOR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,810 shares of the industrial products company’s stock, valued at approximately $242,000.

A number of other hedge funds have also recently added to or reduced their stakes in WOR. ORG Partners LLC boosted 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 worth $43,000 after purchasing an additional 250 shares during the period. Ameritas Advisory Services LLC acquired a new position in Worthington Enterprises in the second quarter worth $46,000. Quarry LP bought a new stake in Worthington Enterprises in the first quarter valued at $49,000. CWM LLC lifted its stake 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 last quarter. Finally, Summit Securities Group LLC bought a new stake in Worthington Enterprises in the first quarter valued at $75,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Price Performance

Shares of NYSE WOR opened at $54.98 on Friday. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $70.91. The firm’s 50-day simple moving average is $61.88 and its 200 day simple moving average is $58.70. The company has a quick ratio of 2.24, a current ratio of 3.30 and a debt-to-equity ratio of 0.32. The stock has a market cap of $2.73 billion, a P/E ratio of 25.81 and a beta of 1.17.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings data 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 for the quarter. Equities analysts expect that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be given a $0.19 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.76 annualized dividend and a yield of 1.4%. Worthington Enterprises’s payout ratio is 35.68%.

Insider Buying and Selling

In other Worthington Enterprises news, Director Michael J. Endres purchased 10,000 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of $52.95 per share, for a total transaction of $529,500.00. Following the completion of the transaction, the director owned 95,524 shares in the company, valued at $5,057,995.80. The trade was a 11.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WOR has been the topic of a number of recent research reports. Wall Street Zen cut Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Research cut Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. The Goldman Sachs Group raised their target price on Worthington Enterprises from $44.00 to $50.00 and gave the company a “sell” rating in a research note on Thursday, June 26th. Canaccord Genuity Group cut their target price on Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Finally, CJS Securities upgraded Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 target price on the stock in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.33.

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.