15,264 Shares in Worthington Enterprises, Inc. (NYSE:WOR) Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,264 shares of the industrial products company's stock, valued at approximately $633,000.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning grew its stake in Worthington Enterprises by 2.0% in the 2nd quarter. Creative Planning now owns 12,160 shares of the industrial products company's stock valued at $576,000 after purchasing an additional 244 shares during the period. Comerica Bank increased its position in shares of Worthington Enterprises by 0.5% in the first quarter. Comerica Bank now owns 46,919 shares of the industrial products company's stock worth $2,920,000 after purchasing an additional 250 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Worthington Enterprises by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the industrial products company's stock worth $729,000 after acquiring an additional 300 shares during the last quarter. KBC Group NV raised its holdings in shares of Worthington Enterprises by 45.1% during the 3rd quarter. KBC Group NV now owns 1,136 shares of the industrial products company's stock valued at $47,000 after buying an additional 353 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in Worthington Enterprises by 10.9% in the 2nd quarter. Hsbc Holdings PLC now owns 4,531 shares of the industrial products company's stock worth $214,000 after purchasing an additional 445 shares during the period. Institutional investors and hedge funds own 51.59% of the company's stock.

Analyst Ratings Changes

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

Worthington Enterprises Stock Up 0.7 %

WOR traded up $0.29 during trading on Friday, hitting $40.92. The stock had a trading volume of 76,094 shares, compared to its average volume of 174,085. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.34 and a current ratio of 3.47. The company has a market capitalization of $2.06 billion, a PE ratio of 53.84 and a beta of 1.26. The stock has a 50 day simple moving average of $40.66 and a two-hundred day simple moving average of $45.90. Worthington Enterprises, Inc. has a twelve month low of $38.24 and a twelve month high of $69.96.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its earnings results on Tuesday, September 24th. The industrial products company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.21). Worthington Enterprises had a return on equity of 12.23% and a net margin of 1.96%. The firm had revenue of $257.31 million for the quarter, compared to analyst estimates of $296.05 million. During the same period last year, the firm earned $2.06 EPS. The company's revenue for the quarter was down 17.5% compared to the same quarter last year.

Worthington Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.66%. Worthington Enterprises's dividend payout ratio is presently 89.47%.

Insider Buying and Selling at Worthington Enterprises

In other Worthington Enterprises news, CFO Joseph B. Hayek purchased 2,500 shares of the stock in a transaction on Friday, October 11th. The shares were bought at an average price of $40.21 per share, for a total transaction 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. This trade represents a 1.50 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 37.50% of the stock is owned by corporate insiders.

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.