American Century Companies Inc. Buys 68,363 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

American Century Companies Inc. lifted its stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 662,149 shares of the industrial products company's stock after purchasing an additional 68,363 shares during the period. American Century Companies Inc. owned 1.32% of Worthington Enterprises worth $26,559,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. KBC Group NV boosted its holdings in Worthington Enterprises by 63.7% during the fourth quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock worth $75,000 after buying an additional 724 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Worthington Enterprises in the 3rd quarter valued at approximately $85,000. Point72 DIFC Ltd bought a new position in Worthington Enterprises during the 3rd quarter worth approximately $110,000. Point72 Hong Kong Ltd acquired a new position in Worthington Enterprises during the third quarter valued at approximately $124,000. Finally, Point72 Asset Management L.P. bought a new stake in Worthington Enterprises in the third quarter valued at approximately $199,000. 51.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on WOR. Canaccord Genuity Group upped their price objective on shares of Worthington Enterprises from $49.00 to $54.00 and gave the company a "hold" rating in a research report on Thursday, March 27th. Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Worthington Enterprises presently has a consensus rating of "Hold" and an average price target of $47.67.

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Worthington Enterprises Stock Performance

Shares of Worthington Enterprises stock traded up $0.20 during trading on Tuesday, reaching $50.29. The company's stock had a trading volume of 510,981 shares, compared to its average volume of 295,061. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The business's 50-day moving average price is $42.55 and its 200-day moving average price is $41.52. Worthington Enterprises, Inc. has a 52 week low of $37.88 and a 52 week high of $62.56. The firm has a market cap of $2.52 billion, a PE ratio of 60.59 and a beta of 1.21.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.18. The company had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. Worthington Enterprises's quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. Equities analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.35%. Worthington Enterprises's payout ratio is presently 57.63%.

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.