Worthington Enterprises, Inc. (NYSE:WOR) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 43.7% in the second quarter, Holdings Channel reports. The firm owned 568,678 shares of the industrial products company’s stock after acquiring an additional 172,850 shares during the period. American Century Companies Inc.’s holdings in Worthington Enterprises were worth $26,916,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Worthington Enterprises by 6.6% during the fourth quarter. Vanguard Group Inc. now owns 3,901,794 shares of the industrial products company’s stock worth $224,548,000 after buying an additional 242,833 shares during the period. Gerber LLC purchased a new stake in Worthington Enterprises during the 4th quarter worth $1,856,000. Denali Advisors LLC increased its holdings in Worthington Enterprises by 35.4% in the 1st quarter. Denali Advisors LLC now owns 81,021 shares of the industrial products company’s stock valued at $5,042,000 after purchasing an additional 21,164 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Worthington Enterprises by 58.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 58,184 shares of the industrial products company’s stock valued at $3,621,000 after purchasing an additional 21,543 shares during the period. Finally, Capital International Investors acquired a new position in shares of Worthington Enterprises during the fourth quarter worth about $26,329,000. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Stock Performance

Shares of WOR opened at $45.37 on Thursday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 20.53 and a beta of 1.25. The company has a quick ratio of 2.86, a current ratio of 3.78 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $46.01 and its two-hundred day moving average is $53.04. Worthington Enterprises, Inc. has a 52-week low of $36.29 and a 52-week high of $69.96.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings data on Wednesday, June 26th. The industrial products company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.14). The company had revenue of $318.80 million for the quarter, compared to the consensus estimate of $352.82 million. Worthington Enterprises had a net margin of 3.79% and a return on equity of 15.57%. The company’s revenue was down 13.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.74 earnings per share.

Worthington Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.17 per share. This is a boost from Worthington Enterprises’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.50%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Canaccord Genuity Group dropped their target price on Worthington Enterprises from $64.00 to $52.00 and set a “hold” rating on the stock in a report on Thursday, June 27th. The Goldman Sachs Group lowered their price target on shares of Worthington Enterprises from $56.00 to $43.00 and set a “sell” rating for the company in a report on Tuesday, July 2nd. Finally, StockNews.com downgraded shares of Worthington Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat.com, Worthington Enterprises has a consensus rating of “Hold” and a consensus price target of $50.33.

Worthington Enterprises 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.