Barclays PLC Purchases 25,453 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Barclays PLC lifted its holdings in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 24.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,158 shares of the industrial products company's stock after acquiring an additional 25,453 shares during the quarter. Barclays PLC owned approximately 0.25% of Worthington Enterprises worth $5,312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WOR. Fisher Asset Management LLC grew its stake in shares of Worthington Enterprises by 24.8% during the third quarter. Fisher Asset Management LLC now owns 70,265 shares of the industrial products company's stock valued at $2,912,000 after purchasing an additional 13,974 shares during the last quarter. Verition Fund Management LLC acquired a new position in Worthington Enterprises during the 3rd quarter worth $1,014,000. American Century Companies Inc. boosted its position in Worthington Enterprises by 43.7% in the 2nd quarter. American Century Companies Inc. now owns 568,678 shares of the industrial products company's stock valued at $26,916,000 after buying an additional 172,850 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Worthington Enterprises by 111.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 9,307 shares of the industrial products company's stock valued at $386,000 after buying an additional 4,907 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of Worthington Enterprises during the third quarter worth $633,000. 51.59% of the stock is owned by institutional investors and hedge funds.

Worthington Enterprises Trading Down 1.1 %

NYSE:WOR traded down $0.44 during mid-day trading on Friday, hitting $40.78. The company had a trading volume of 1,459,291 shares, compared to its average volume of 281,503. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.34 and a current ratio of 3.47. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $69.96. The firm has a market cap of $2.05 billion, a P/E ratio of 53.66 and a beta of 1.26. The business's fifty day moving average is $40.38 and its two-hundred day moving average is $44.23.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. The business had revenue of $274.05 million for the quarter, compared to the consensus estimate of $273.77 million. Worthington Enterprises had a net margin of 1.96% and a return on equity of 12.23%. Worthington Enterprises's revenue for the quarter was down 8.1% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS.

Worthington Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.67%. Worthington Enterprises's dividend payout ratio is 81.93%.

Insider Activity

In related news, CFO Joseph B. Hayek purchased 2,500 shares of the business's stock in a transaction on Friday, October 11th. The shares were purchased at an average price of $40.21 per share, with a total value of $100,525.00. Following the completion of the purchase, the chief financial officer now owns 168,875 shares in the company, valued at $6,790,463.75. This represents a 1.50 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 37.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on WOR. Canaccord Genuity Group decreased 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 raised their target price on shares of Worthington Enterprises from $46.00 to $49.00 and gave the company a "hold" rating in a research note on Thursday. Finally, StockNews.com raised shares of Worthington Enterprises from a "sell" rating to a "hold" rating in a research note on Wednesday, September 25th.

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.