Hancock Whitney Corp Sells 251 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Hancock Whitney Corp lowered its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,913 shares of the industrial products company’s stock after selling 251 shares during the quarter. Hancock Whitney Corp’s holdings in Worthington Enterprises were worth $204,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. KBC Group NV increased its stake in Worthington Enterprises by 45.1% in the third quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 353 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Worthington Enterprises in the 2nd quarter valued at about $57,000. nVerses Capital LLC bought a new stake in Worthington Enterprises in the 3rd quarter valued at about $83,000. Eastern Bank acquired a new position in Worthington Enterprises during the 3rd quarter worth approximately $121,000. Finally, Virtu Financial LLC acquired a new position in Worthington Enterprises during the 1st quarter worth approximately $226,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on WOR. Canaccord Genuity Group reduced their price objective on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. StockNews.com upgraded shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $46.00 price objective on shares of Worthington Enterprises in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, Worthington Enterprises has an average rating of “Hold” and an average target price of $45.00.

Worthington Enterprises Stock Up 1.1 %

WOR stock opened at $40.63 on Thursday. The firm has a market capitalization of $2.04 billion, a PE ratio of 53.46 and a beta of 1.26. 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, Inc. has a twelve month low of $38.24 and a twelve month high of $69.96. The stock’s 50 day moving average is $40.88 and its 200-day moving average is $46.16.

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

Worthington Enterprises Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 1.67%. Worthington Enterprises’s dividend payout ratio (DPR) is 89.47%.

Insiders Place Their Bets

In other Worthington Enterprises news, CFO Joseph B. Hayek purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was bought 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 1.50 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 37.50% of the company’s stock.

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.