Worthington Enterprises, Inc. (NYSE:WOR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 493,280 shares of the industrial products company's stock after acquiring an additional 18,480 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.98% of Worthington Enterprises worth $20,446,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. American Century Companies Inc. grew 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 acquiring an additional 172,850 shares in the last quarter. Private Wealth Strategies L.L.C. acquired a new position in shares of Worthington Enterprises in the second quarter valued at approximately $3,913,000. Edgestream Partners L.P. purchased a new stake in Worthington Enterprises during the 2nd quarter worth approximately $3,060,000. Panagora Asset Management Inc. acquired a new stake in Worthington Enterprises during the 2nd quarter worth approximately $2,044,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Worthington Enterprises in the 3rd quarter valued at approximately $1,764,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Worthington Enterprises Stock Down 0.1 %

NYSE:WOR traded down $0.06 during trading hours on Friday, hitting $40.83. The company's stock had a trading volume of 166,351 shares, compared to its average volume of 151,584. The stock has a market capitalization of $2.05 billion, a P/E ratio of 53.72 and a beta of 1.26. The company has a current ratio of 3.47, a quick ratio of 2.34 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average of $40.52 and a 200-day moving average of $45.29. Worthington Enterprises, Inc. has a 52-week low of $38.24 and a 52-week high of $69.96.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its earnings results on Tuesday, September 24th. The industrial products company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.21). The business 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 revenue was down 17.5% on a year-over-year basis. During the same period last year, the business posted $2.06 EPS.

Worthington Enterprises Dividend Announcement

The business 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 $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, December 13th. Worthington Enterprises's dividend payout ratio (DPR) is 89.47%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. StockNews.com raised Worthington Enterprises from a "sell" rating to a "hold" rating in a research report on Wednesday, September 25th. 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 research report on Thursday, September 26th. Finally, Canaccord Genuity Group reissued a "hold" rating and set a $46.00 price objective on shares of Worthington Enterprises in a research report on Friday, October 4th.

Insider Buying and Selling

In other news, CFO Joseph B. Hayek purchased 2,500 shares of the company's stock in a transaction that occurred on Friday, October 11th. The shares were purchased at an average price of $40.21 per share, for a total transaction of $100,525.00. Following the purchase, the chief financial officer now directly owns 168,875 shares of the company's stock, valued at $6,790,463.75. This represents a 1.50 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 37.50% of the stock is owned by company insiders.

Worthington Enterprises Company 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.