American Century Companies Inc. Buys 74,770 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

American Century Companies Inc. boosted its holdings in Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 824.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,835 shares of the industrial products company's stock after purchasing an additional 74,770 shares during the period. American Century Companies Inc. owned about 0.17% of Worthington Enterprises worth $5,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in Worthington Enterprises by 6.8% during the first quarter. JPMorgan Chase & Co. now owns 195,470 shares of the industrial products company's stock worth $10,049,000 after buying an additional 12,396 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Worthington Enterprises by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 574,534 shares of the industrial products company's stock valued at $29,538,000 after buying an additional 3,213 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Worthington Enterprises by 41.6% during the 1st quarter. MetLife Investment Management LLC now owns 38,363 shares of the industrial products company's stock worth $1,972,000 after acquiring an additional 11,272 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of Worthington Enterprises by 25.0% during the 1st quarter. Panagora Asset Management Inc. now owns 17,946 shares of the industrial products company's stock worth $923,000 after acquiring an additional 3,592 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Worthington Enterprises by 11.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,947 shares of the industrial products company's stock valued at $614,000 after acquiring an additional 1,222 shares during the period. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on WOR shares. The Goldman Sachs Group upped their price target on shares of Worthington Enterprises from $50.00 to $56.00 and gave the company a "sell" rating in a research note on Friday, March 22nd. TheStreet raised Worthington Enterprises from a "c+" rating to a "b" rating in a report on Monday, December 4th. Canaccord Genuity Group upped their price target on shares of Worthington Enterprises from $56.00 to $64.00 and gave the company a "hold" rating in a research note on Monday. Canaccord Genuity Group began coverage on shares of Worthington Enterprises in a research note on Tuesday, January 30th. They issued a "hold" rating and a $56.00 price objective for the company. Finally, StockNews.com lowered shares of Worthington Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $61.00.

Insider Buying and Selling at Worthington Enterprises

In other Worthington Enterprises news, Director Michael J. Endres sold 66,000 shares of Worthington Enterprises stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $64.26, for a total value of $4,241,160.00. Following the transaction, the director now owns 76,689 shares in the company, valued at $4,928,035.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 38.50% of the company's stock.

Worthington Enterprises Price Performance

WOR stock traded up $0.26 during midday trading on Thursday, reaching $62.22. The company had a trading volume of 257,843 shares, compared to its average volume of 320,327. Worthington Enterprises, Inc. has a 1-year low of $33.96 and a 1-year high of $69.96. The stock has a 50 day moving average price of $60.76 and a 200-day moving average price of $60.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.42 and a quick ratio of 2.47. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 11.37 and a beta of 1.39.

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

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.