Dimensional Fund Advisors LP Has $140.93 Million Position in Worthington Enterprises, Inc. (NYSE:WOR)

Dimensional Fund Advisors LP boosted its position in shares of Worthington Enterprises, Inc. (NYSE:WORFree Report) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,448,876 shares of the industrial products company’s stock after buying an additional 125,592 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.90% of Worthington Enterprises worth $140,934,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Worthington Enterprises by 8.8% in the third quarter. Vanguard Group Inc. now owns 3,658,961 shares of the industrial products company’s stock valued at $226,197,000 after buying an additional 297,139 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Worthington Enterprises by 67,348.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,224,452 shares of the industrial products company’s stock valued at $128,017,000 after purchasing an additional 2,221,154 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Worthington Enterprises by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,150 shares of the industrial products company’s stock worth $27,518,000 after purchasing an additional 8,108 shares during the last quarter. Invesco Ltd. grew its stake in shares of Worthington Enterprises by 39.6% during the third quarter. Invesco Ltd. now owns 273,139 shares of the industrial products company’s stock worth $16,885,000 after purchasing an additional 77,471 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in Worthington Enterprises by 193.8% in the third quarter. Acadian Asset Management LLC now owns 203,299 shares of the industrial products company’s stock valued at $12,556,000 after purchasing an additional 134,095 shares during the last quarter. 51.59% of the stock is currently owned by institutional investors.

Insider Activity at Worthington Enterprises

In other Worthington Enterprises news, Director Michael J. Endres sold 66,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following the completion of the transaction, the director now owns 76,689 shares of the company’s stock, valued at approximately $4,928,035.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Michael J. Endres sold 66,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following the completion of the transaction, the director now directly owns 76,689 shares in the company, valued at approximately $4,928,035.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ozey K. Horton, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $61.34, for a total value of $61,340.00. Following the completion of the transaction, the director now owns 40,688 shares of the company’s stock, valued at approximately $2,495,801.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,000 shares of company stock valued at $4,364,750. 38.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com lowered Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Canaccord Genuity Group initiated coverage on shares of Worthington Enterprises in a report on Tuesday, January 30th. They set a “hold” rating and a $56.00 price objective for the company. Canaccord Genuity Group increased their target price on shares of Worthington Enterprises from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Finally, The Goldman Sachs Group boosted their price target on shares of Worthington Enterprises from $50.00 to $56.00 and gave the company a “sell” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.00.

Read Our Latest Stock Analysis on Worthington Enterprises

Worthington Enterprises Stock Performance

Shares of WOR stock opened at $58.37 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.47 and a current ratio of 3.42. Worthington Enterprises, Inc. has a 52 week low of $34.36 and a 52 week high of $69.96. The company’s 50 day moving average price is $60.16 and its two-hundred day moving average price is $59.63. The company has a market capitalization of $2.92 billion, a P/E ratio of 10.67 and a beta of 1.39.

Worthington Enterprises (NYSE:WORGet Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The industrial products company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.44). The company had revenue of $316.76 million for the quarter, compared to analyst estimates of $326.70 million. Worthington Enterprises had a return on equity of 19.40% and a net margin of 7.12%. The company’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 earnings per share.

Worthington Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, June 14th. Worthington Enterprises’s dividend payout ratio is presently 11.70%.

About Worthington Enterprises

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Worthington Enterprises (NYSE:WOR)

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