American Century Companies Inc. Has $26.56 Million Position in Worthington Enterprises, Inc. (NYSE:WOR)

American Century Companies Inc. grew its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 662,149 shares of the industrial products company’s stock after buying an additional 68,363 shares during the quarter. American Century Companies Inc. owned approximately 1.32% of Worthington Enterprises worth $26,559,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WOR. KBC Group NV lifted its stake in shares of Worthington Enterprises by 63.7% during the fourth quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 724 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Worthington Enterprises in the third quarter valued at approximately $85,000. Point72 DIFC Ltd bought a new position in Worthington Enterprises in the third quarter valued at approximately $110,000. Point72 Hong Kong Ltd acquired a new stake in Worthington Enterprises during the 3rd quarter worth $124,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Worthington Enterprises during the 3rd quarter valued at $199,000. 51.59% of the stock is owned by institutional investors.

Worthington Enterprises Trading Down 2.2 %

WOR opened at $50.44 on Friday. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $62.56. The firm has a market cap of $2.52 billion, a PE ratio of 60.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. The firm’s fifty day moving average is $42.39 and its two-hundred day moving average is $41.49.

Worthington Enterprises (NYSE:WOR) last posted its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. The firm had revenue of $304.52 million during the quarter, compared to analysts’ expectations of $289.09 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. Equities research analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS 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 issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.35%. Worthington Enterprises’s dividend payout ratio (DPR) is currently 57.63%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WOR. Seaport Res Ptn raised Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group raised their target price on Worthington Enterprises from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $47.67.

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.