Worthington Enterprises Inc. (NYSE: WOR) is 16.39% higher on its value in year-to-date trading and has touched a low of $32.71 and a high of $67.23 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WOR stock was last observed hovering at around $63.70 in the last trading session, with the day’s gains setting it 3.28%.
Currently trading at $66.98, the stock is 6.72% and 12.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing 5.15% at the moment leaves the stock 40.72% off its SMA200. WOR registered 99.29% gain for a year compared to 6-month gain of 59.01%. The firm has a 50-day simple moving average (SMA 50) of $0.79 and a 200-day simple moving average (SMA200) of $6.87.
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The stock witnessed a 7.84% loss in the last 1 month and extending the period to 3 months gives it a 14.48%, and is 8.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.29% over the week and 3.60% over the month.
Worthington Enterprises Inc. (WOR) has around 8200 employees, a market worth around $3.35B and $3.83B in sales. Current P/E ratio is 12.26 and Fwd P/E is 20.59. Profit margin for the company is 7.12%. Distance from 52-week low is 104.77% and -0.37% from its 52-week high. The company has generated returns on investments over the last 12 months (22.23%).
Worthington Enterprises Inc. quarterly earnings per share for the current quarter are estimated at $0.96 with sales reaching $362.18M over the same period.The EPS is expected to shrink by -6.34% this year, but quarterly earnings will post -73.60% year-over-year. Quarterly sales are estimated to shrink -70.50% in year-over-year returns.
364 institutions hold shares in Worthington Enterprises Inc. (WOR), with institutional investors hold 85.39% of the company’s shares. The shares outstanding are 48.66M, and float is at 30.81M with Short Float at 5.97%. Institutions hold 53.29% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 3.82 million shares valued at $265.1 million. The investor’s holdings represent 7.64% of the WOR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.36 million shares valued at $233.55 million to account for 6.73% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 2.29 million shares representing 4.58% and valued at over $158.9 million, while Macquarie Group Limited holds 3.06% of the shares totaling 1.53 million with a market value of $106.08 million.
Worthington Enterprises Inc. (WOR) Insider Activity
The most recent transaction is an insider sale by ANDERSON KERRII B, the company’s Director. SEC filings show that ANDERSON KERRII B sold 5,000 shares of the company’s common stock on Aug 07 ’23 at a price of $72.00 per share for a total of $0.36 million. Following the sale, the insider now owns 64415.0 shares.
Worthington Enterprises Inc. disclosed in a document filed with the SEC on Jul 31 ’23 that HORTON OZEY K JR (Director) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Jul 31 ’23 and was made at $74.66 per share for $74660.0. Following the transaction, the insider now directly holds 39069.0 shares of the WOR stock.
Still, SEC filings show that on Jul 26 ’23, GILMORE GEOFFREY G (EVP & Chief Operating Officer) disposed off 32,444 shares at an average price of $73.54 for $2.39 million. The insider now directly holds 174,471 shares of Worthington Enterprises Inc. (WOR).
