Vontobel Holding Ltd. Has $4.89 Million Stock Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Vontobel Holding Ltd. lifted its stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 18.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,902 shares of the industrial products company's stock after purchasing an additional 18,154 shares during the period. Vontobel Holding Ltd. owned 0.23% of Worthington Enterprises worth $4,887,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Creative Planning grew its holdings in shares of Worthington Enterprises by 8.8% in the 3rd quarter. Creative Planning now owns 13,234 shares of the industrial products company's stock valued at $549,000 after buying an additional 1,074 shares during the period. SG Americas Securities LLC increased its holdings in shares of Worthington Enterprises by 130.9% in the third quarter. SG Americas Securities LLC now owns 14,843 shares of the industrial products company's stock worth $615,000 after acquiring an additional 8,414 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Worthington Enterprises by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 17,718 shares of the industrial products company's stock worth $839,000 after purchasing an additional 462 shares during the period. Dark Forest Capital Management LP bought a new position in shares of Worthington Enterprises during the 2nd quarter valued at about $817,000. Finally, Squarepoint Ops LLC grew its position in shares of Worthington Enterprises by 130.2% in the 2nd quarter. Squarepoint Ops LLC now owns 15,870 shares of the industrial products company's stock valued at $751,000 after purchasing an additional 8,975 shares during the period. 51.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. The Goldman Sachs Group dropped their target price on shares of Worthington Enterprises from $56.00 to $43.00 and set a "sell" rating on the stock in a report on Tuesday, July 2nd. Canaccord Genuity Group dropped their price objective on shares of Worthington Enterprises from $52.00 to $46.00 and set a "hold" rating on the stock in a report on Thursday, September 26th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $46.00 target price on shares of Worthington Enterprises in a research note on Friday, October 4th. Finally, StockNews.com raised Worthington Enterprises from a "sell" rating to a "hold" rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, Worthington Enterprises currently has a consensus rating of "Hold" and a consensus target price of $45.00.

Worthington Enterprises Stock Up 0.4 %

Shares of WOR stock traded up $0.15 during trading on Friday, reaching $41.81. The company's stock had a trading volume of 318,927 shares, compared to its average volume of 288,737. Worthington Enterprises, Inc. has a one year low of $36.38 and a one year high of $69.96. The business has a fifty day moving average price of $43.40 and a 200-day moving average price of $50.03. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 55.01 and a beta of 1.25. The company has a quick ratio of 2.34, a current ratio of 3.47 and a debt-to-equity ratio of 0.33.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its quarterly earnings results on Tuesday, September 24th. The industrial products company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.21). The business had revenue of $257.31 million for the quarter, compared to the consensus estimate of $296.05 million. Worthington Enterprises had a return on equity of 12.23% and a net margin of 1.96%. The company's quarterly revenue was down 17.5% compared to the same quarter last year. During the same period last year, the firm earned $2.06 earnings per share.

Worthington Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.63%. Worthington Enterprises's dividend payout ratio is 89.47%.

Insiders Place Their Bets

In other news, CFO Joseph B. Hayek purchased 2,500 shares of the company's stock in a transaction on Friday, October 11th. The shares were purchased at an average cost of $40.21 per share, with a total value of $100,525.00. Following the completion of the transaction, the chief financial officer now owns 168,875 shares of the company's stock, valued at $6,790,463.75. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 37.50% 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.