Worthington Enterprises, Inc. (NYSE:WOR) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 7.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,604 shares of the industrial products company’s stock after purchasing an additional 1,293 shares during the quarter. Franklin Resources Inc.’s holdings in Worthington Enterprises were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WOR. Geode Capital Management LLC grew its position in Worthington Enterprises by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company’s stock worth $33,739,000 after purchasing an additional 25,824 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Worthington Enterprises by 43.7% during the second quarter. American Century Companies Inc. now owns 568,678 shares of the industrial products company’s stock worth $26,916,000 after buying an additional 172,850 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Worthington Enterprises by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 493,280 shares of the industrial products company’s stock worth $20,446,000 after buying an additional 18,480 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Worthington Enterprises by 19.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 155,291 shares of the industrial products company’s stock valued at $7,350,000 after acquiring an additional 24,885 shares during the period. Finally, Barclays PLC increased its position in Worthington Enterprises by 24.8% in the 3rd quarter. Barclays PLC now owns 128,158 shares of the industrial products company’s stock valued at $5,312,000 after acquiring an additional 25,453 shares during the period. Institutional investors and hedge funds own 51.59% of the company’s stock.

Insider Buying and Selling at Worthington Enterprises

In related news, CFO Joseph B. Hayek acquired 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, for a total transaction of $100,525.00. Following the acquisition, the chief financial officer now owns 168,875 shares in the company, valued at approximately $6,790,463.75. This represents a 1.50 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 37.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com raised Worthington Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th. Canaccord Genuity Group decreased their target price on shares of Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, September 26th. Finally, Canaccord Genuity Group boosted their price target on shares of Worthington Enterprises from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th.

Worthington Enterprises Stock Down 1.7 %

WOR opened at $40.67 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.34 and a current ratio of 3.47. The company has a market capitalization of $2.04 billion, a PE ratio of 53.51 and a beta of 1.26. The stock’s fifty day moving average is $40.39 and its 200-day moving average is $43.68. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $69.96.

Worthington Enterprises (NYSE:WOR) last issued 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. Worthington Enterprises had a net margin of 1.96% and a return on equity of 12.23%. The company had revenue of $274.05 million during the quarter, compared to the consensus estimate of $273.77 million. During the same period in the prior year, the company earned $0.78 EPS. Worthington Enterprises’s revenue was down 8.1% on a year-over-year basis.

Worthington Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.67%. Worthington Enterprises’s dividend payout ratio (DPR) is 81.93%.

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.