Fisher Asset Management LLC Buys 13,974 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Fisher Asset Management LLC increased its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 24.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,265 shares of the industrial products company's stock after buying an additional 13,974 shares during the period. Fisher Asset Management LLC owned 0.14% of Worthington Enterprises worth $2,912,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Worthington Enterprises by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 493,280 shares of the industrial products company's stock worth $20,446,000 after acquiring an additional 18,480 shares during the last quarter. Intech Investment Management LLC bought a new position in Worthington Enterprises in the 3rd quarter worth approximately $633,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Worthington Enterprises during the 3rd quarter worth $1,764,000. Quest Partners LLC boosted its position in Worthington Enterprises by 86.5% in the 3rd quarter. Quest Partners LLC now owns 19,246 shares of the industrial products company's stock valued at $798,000 after buying an additional 8,929 shares during the last quarter. Finally, Frazier Financial Advisors LLC boosted its position in Worthington Enterprises by 48.5% in the 3rd quarter. Frazier Financial Advisors LLC now owns 9,846 shares of the industrial products company's stock valued at $408,000 after buying an additional 3,214 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 Worthington Enterprises news, CFO Joseph B. Hayek purchased 2,500 shares of the company's stock in a transaction dated Friday, October 11th. The shares were bought at an average price of $40.21 per share, with a total value of $100,525.00. Following the completion of the transaction, the chief financial officer now directly owns 168,875 shares in the company, valued at $6,790,463.75. This trade represents a 1.50 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 37.50% of the company's stock.

Worthington Enterprises Trading Up 0.6 %

Shares of Worthington Enterprises stock traded up $0.23 during trading on Friday, reaching $40.86. 76,094 shares of the company were exchanged, compared to its average volume of 276,072. The business has a 50-day moving average price of $40.66 and a 200-day moving average price of $46.00. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 53.76 and a beta of 1.26. The company has a quick ratio of 2.34, a current ratio of 3.47 and a debt-to-equity ratio of 0.33. 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 posted its earnings results on Tuesday, September 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.21). The company had revenue of $257.31 million for the quarter, compared to analyst estimates of $296.05 million. Worthington Enterprises had a return on equity of 12.23% and a net margin of 1.96%. Worthington Enterprises's quarterly revenue was down 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.06 earnings per share.

Worthington Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $0.17 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 1.66%. Worthington Enterprises's dividend payout ratio (DPR) is presently 89.47%.

Wall Street Analyst Weigh In

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

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.