Worthington Enterprises, Inc. (NYSE:WOR) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,658,961 shares of the industrial products company's stock after acquiring an additional 297,139 shares during the quarter. Vanguard Group Inc. owned approximately 7.32% of Worthington Enterprises worth $226,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Panagora Asset Management Inc. acquired a new position in Worthington Enterprises during the third quarter worth $2,992,000. FMR LLC raised its holdings in Worthington Enterprises by 3,957.0% during the third quarter. FMR LLC now owns 90,674 shares of the industrial products company's stock worth $5,605,000 after buying an additional 88,439 shares during the last quarter. HighTower Advisors LLC raised its holdings in Worthington Enterprises by 395.4% during the third quarter. HighTower Advisors LLC now owns 20,921 shares of the industrial products company's stock worth $1,291,000 after buying an additional 16,698 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Worthington Enterprises by 11.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,794 shares of the industrial products company's stock valued at $235,000 after purchasing an additional 400 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in shares of Worthington Enterprises by 105.8% in the third quarter. EP Wealth Advisors LLC now owns 24,211 shares of the industrial products company's stock valued at $1,497,000 after purchasing an additional 12,446 shares during the last quarter. 51.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WOR has been the subject of several analyst reports. Canaccord Genuity Group increased their target price on shares of Worthington Enterprises from $56.00 to $64.00 and gave the company a "hold" rating in a report on Monday, March 25th. TheStreet upgraded shares of Worthington Enterprises from a "c+" rating to a "b" rating in a report on Monday, December 4th. The Goldman Sachs Group increased their target price 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. Canaccord Genuity Group initiated coverage on shares of Worthington Enterprises in a report on Tuesday, January 30th. They issued a "hold" rating and a $56.00 target price for the company. Finally, StockNews.com downgraded shares of Worthington Enterprises from a "buy" rating to a "hold" rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $61.00.

Worthington Enterprises Stock Performance

NYSE:WOR traded up $0.27 on Friday, reaching $62.23. 257,843 shares of the company's stock were exchanged, compared to its average volume of 365,946. The stock has a fifty day simple moving average of $60.90 and a 200-day simple moving average of $60.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.42 and a quick ratio of 2.47. Worthington Enterprises, Inc. has a 52 week low of $33.96 and a 52 week high of $69.96. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 11.38 and a beta of 1.39.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released 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). Worthington Enterprises had a net margin of 7.12% and a return on equity of 19.40%. The firm had revenue of $316.76 million during the quarter, compared to the consensus estimate of $326.70 million. During the same quarter last year, the business posted $1.04 earnings per share. Worthington Enterprises's revenue was down 8.5% compared to the same quarter last year.

Insider Activity

In other Worthington Enterprises news, Director Michael J. Endres sold 66,000 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $64.26, for a total value 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 filing with the SEC, which is available through this link. 38.50% of the stock is owned by company insiders.

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.