Worthington Enterprises, Inc. (NYSE:WOR – Get Free Report) major shareholder John P/Oh Mcconnell sold 17,625 shares of Worthington Enterprises stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $53.04, for a total transaction of $934,830.00. Following the sale, the insider owned 1,335,648 shares in the company, valued at approximately $70,842,769.92. This trade represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
John P/Oh Mcconnell also recently made the following trade(s):
- On Friday, June 26th, John P/Oh Mcconnell sold 41,704 shares of Worthington Enterprises stock. The shares were sold at an average price of $55.85, for a total transaction of $2,329,168.40.
Worthington Enterprises Stock Performance
NYSE:WOR opened at $57.21 on Wednesday. Worthington Enterprises, Inc. has a 12-month low of $45.01 and a 12-month high of $67.80. The company has a quick ratio of 1.43, a current ratio of 2.37 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $2.82 billion, a PE ratio of 18.22 and a beta of 1.29. The firm has a 50-day moving average price of $56.41 and a 200 day moving average price of $54.80.
Worthington Enterprises Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a boost from Worthington Enterprises’s previous quarterly dividend of $0.19. Worthington Enterprises’s payout ratio is currently 24.20%.
Analysts Set New Price Targets
Several analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a research note on Friday, July 17th. Wall Street Zen lowered Worthington Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Canaccord Genuity Group cut their price objective on Worthington Enterprises from $69.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Worthington Enterprises presently has an average rating of “Moderate Buy” and a consensus target price of $65.50.
Check Out Our Latest Report on Worthington Enterprises
Institutional Trading of Worthington Enterprises
Several large investors have recently added to or reduced their stakes in WOR. Allworth Financial LP increased its holdings in shares of Worthington Enterprises by 872.0% during the fourth quarter. Allworth Financial LP now owns 486 shares of the industrial products company’s stock worth $25,000 after buying an additional 436 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Worthington Enterprises in the 1st quarter worth approximately $25,000. McMillan Office Inc. acquired a new position in shares of Worthington Enterprises in the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC grew its position in Worthington Enterprises by 81.3% during the 4th quarter. Farther Finance Advisors LLC now owns 678 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 304 shares during the last quarter. Finally, Parallel Advisors LLC grew 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 acquiring an additional 263 shares during the last quarter. 51.59% of the stock is owned by institutional investors.
About Worthington Enterprises
Worthington Enterprises (NYSE:WOR) is a diversified metal manufacturing company that produces pressure vessels, engineered assemblies and fabricated metal products. The company’s portfolio includes the design and manufacture of cylinders for compressed gases, such as propane, natural gas and hydrogen, as well as transport tanks and other pressure-containment solutions for the industrial gas, energy and transportation markets. In addition to its pressure vessel operations, Worthington Enterprises offers metal processing and distribution services, supplying coil, sheet and plate products to customers across multiple industries.
Founded in 1955 and headquartered in Columbus, Ohio, Worthington Enterprises has grown from a single steel processing facility into a multi‐division organization with operations in the United States, Canada and Mexico.
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