Capital International Investors Buys New Shares in Worthington Enterprises, Inc. (NYSE:WOR)

Capital International Investors purchased a new position in shares of Worthington Enterprises, Inc. (NYSE:WORFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 457,502 shares of the industrial products company’s stock, valued at approximately $26,329,000. Capital International Investors owned 0.92% of Worthington Enterprises as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of Worthington Enterprises by 67,348.5% during the fourth quarter. Pacer Advisors Inc. now owns 2,224,452 shares of the industrial products company’s stock worth $128,017,000 after purchasing an additional 2,221,154 shares during the last quarter. Norges Bank purchased a new position in shares of Worthington Enterprises during the 4th quarter valued at about $19,073,000. Vanguard Group Inc. lifted its holdings in shares of Worthington Enterprises by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 3,658,961 shares of the industrial products company’s stock valued at $226,197,000 after buying an additional 297,139 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Worthington Enterprises by 193.8% in the third quarter. Acadian Asset Management LLC now owns 203,299 shares of the industrial products company’s stock worth $12,556,000 after buying an additional 134,095 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Worthington Enterprises by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,448,876 shares of the industrial products company’s stock worth $140,934,000 after acquiring an additional 125,592 shares during the period. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on WOR shares. StockNews.com downgraded Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Canaccord Genuity Group increased their price target on shares of Worthington Enterprises from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Finally, The Goldman Sachs Group raised their price target on shares of Worthington Enterprises from $50.00 to $56.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, Worthington Enterprises presently has a consensus rating of “Hold” and a consensus price target of $61.00.

Get Our Latest Research Report on WOR

Worthington Enterprises Trading Down 0.5 %

Shares of NYSE:WOR opened at $53.31 on Friday. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 9.75 and a beta of 1.35. The business’s 50 day moving average price is $58.10 and its 200-day moving average price is $58.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.42 and a quick ratio of 2.47. Worthington Enterprises, Inc. has a 1 year low of $36.29 and a 1 year high of $69.96.

Worthington Enterprises (NYSE:WORGet Free Report) last announced its earnings results on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.44). Worthington Enterprises had a net margin of 7.12% and a return on equity of 19.40%. The company had revenue of $316.76 million during the quarter, compared to analyst estimates of $326.70 million. During the same quarter last year, the business earned $1.04 EPS. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year.

Worthington Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, June 14th. This represents a $0.64 dividend on an annualized basis and a yield of 1.20%. Worthington Enterprises’s payout ratio is presently 11.70%.

Insider Activity at Worthington Enterprises

In other news, Director Ozey K. Horton, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.25, for a total value of $62,250.00. Following the completion of the sale, the director now directly owns 41,688 shares in the company, valued at $2,595,078. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael J. Endres sold 66,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $64.26, for a total value of $4,241,160.00. Following the completion of the transaction, the director now directly owns 76,689 shares in the company, valued at $4,928,035.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ozey K. Horton, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $62.25, for a total value of $62,250.00. Following the sale, the director now directly owns 41,688 shares of the company’s stock, valued at $2,595,078. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,000 shares of company stock valued at $4,364,750. Corporate insiders own 38.50% of the company’s stock.

Worthington Enterprises Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Worthington Enterprises (NYSE:WOR)

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