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

American Century Companies Inc. increased its position in Worthington Enterprises, Inc. (NYSE:WOR) by 824.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,835 shares of the industrial products company’s stock after acquiring an additional 74,770 shares during the period. American Century Companies Inc. owned approximately 0.17% of Worthington Enterprises worth $5,183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. grew its holdings in Worthington Enterprises by 13.0% during the 1st quarter. BlackRock Inc. now owns 4,571,279 shares of the industrial products company’s stock valued at $235,012,000 after buying an additional 526,776 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Worthington Enterprises by 0.4% during the first quarter. Vanguard Group Inc. now owns 3,328,906 shares of the industrial products company’s stock worth $171,139,000 after purchasing an additional 12,047 shares during the last quarter. State Street Corp boosted its holdings in shares of Worthington Enterprises by 18.1% during the first quarter. State Street Corp now owns 2,010,543 shares of the industrial products company’s stock worth $103,362,000 after purchasing an additional 307,667 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Worthington Enterprises by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,809,125 shares of the industrial products company’s stock worth $93,007,000 after purchasing an additional 108,764 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Worthington Enterprises by 3.3% during the second quarter. Geode Capital Management LLC now owns 611,221 shares of the industrial products company’s stock worth $42,462,000 after purchasing an additional 19,252 shares during the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Insider Transactions at Worthington Enterprises

In other news, Director Michael J. Endres sold 66,000 shares of Worthington Enterprises stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following the sale, the director now directly owns 76,689 shares of the company’s stock, valued at $4,928,035.14. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 38.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WOR shares. Canaccord Genuity Group began coverage on Worthington Enterprises in a report on Tuesday, January 30th. They set a “hold” rating and a $56.00 price objective on the stock. TheStreet raised Worthington Enterprises from a “c+” rating to a “b” rating in a research report on Monday, December 4th. StockNews.com lowered Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Canaccord Genuity Group increased their target price on Worthington Enterprises from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday. Finally, The Goldman Sachs Group increased their target price on Worthington Enterprises from $50.00 to $56.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.00.

Worthington Enterprises Trading Up 2.4 %

NYSE:WOR opened at $61.96 on Thursday. The business’s 50-day moving average is $60.59 and its two-hundred day moving average is $60.85. 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 12 month low of $33.96 and a 12 month high of $69.96. The firm has a market capitalization of $3.10 billion, a PE ratio of 11.33 and a beta of 1.39.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Wednesday, March 20th. The industrial products company reported $0.80 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 analysts’ expectations of $326.70 million. During the same period last year, the business earned $1.04 earnings per share. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year.

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.