Geode Capital Management LLC Has $33.74 Million Stock Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Geode Capital Management LLC boosted its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 3.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 813,828 shares of the industrial products company’s stock after buying an additional 25,824 shares during the period. Geode Capital Management LLC owned approximately 1.62% of Worthington Enterprises worth $33,739,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC grew its position in shares of Worthington Enterprises by 24.8% in the third quarter. Fisher Asset Management LLC now owns 70,265 shares of the industrial products company’s stock valued at $2,912,000 after purchasing an additional 13,974 shares during the last quarter. Verition Fund Management LLC acquired a new position in Worthington Enterprises in the 3rd quarter valued at $1,014,000. American Century Companies Inc. increased its position in Worthington Enterprises by 43.7% during the 2nd 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. Sequoia Financial Advisors LLC lifted its holdings in shares of Worthington Enterprises by 111.5% during the third quarter. Sequoia Financial Advisors LLC now owns 9,307 shares of the industrial products company’s stock worth $386,000 after buying an additional 4,907 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Worthington Enterprises during the third quarter worth $633,000. 51.59% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Joseph B. Hayek purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were bought at an average cost of $40.21 per share, with a total value of $100,525.00. Following the acquisition, the chief financial officer now owns 168,875 shares of the company’s stock, valued at $6,790,463.75. This trade represents a 1.50 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 37.50% of the company’s stock.

Worthington Enterprises Trading Up 0.2 %

WOR opened at $41.11 on Thursday. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 54.09 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 $37.88 and a twelve month high of $69.96. The company has a 50-day simple moving average of $40.41 and a 200 day simple moving average of $43.92.

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, topping analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $274.05 million during the quarter, compared to the consensus estimate of $273.77 million. Worthington Enterprises had a net margin of 1.96% and a return on equity of 12.23%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 EPS.

Worthington Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.65%. Worthington Enterprises’s dividend payout ratio is presently 81.93%.

Analyst Ratings Changes

A number of research firms recently commented on WOR. Canaccord Genuity Group raised 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. StockNews.com raised shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, Canaccord Genuity Group dropped their price target 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.

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.