Brown Brothers Harriman & Co. Has $413,000 Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

Brown Brothers Harriman & Co. lowered its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 56.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,968 shares of the industrial products company’s stock after selling 12,794 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Worthington Enterprises were worth $413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in Worthington Enterprises by 43.7% in the 2nd quarter. American Century Companies Inc. now owns 568,678 shares of the industrial products company’s stock valued at $26,916,000 after buying an additional 172,850 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Worthington Enterprises by 111.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 9,307 shares of the industrial products company’s stock valued at $386,000 after buying an additional 4,907 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in Worthington Enterprises in the 2nd quarter valued at approximately $2,044,000. Envestnet Asset Management Inc. grew its holdings 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 buying an additional 24,885 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Worthington Enterprises in the 2nd quarter valued at approximately $804,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Price Performance

Worthington Enterprises stock opened at $40.63 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.47 and a quick ratio of 2.34. The company has a market capitalization of $2.04 billion, a PE ratio of 53.46 and a beta of 1.26. Worthington Enterprises, Inc. has a one year low of $38.24 and a one year high of $69.96. The business has a 50 day simple moving average of $40.88 and a 200 day simple moving average of $46.16.

Worthington Enterprises (NYSE:WOR) last posted its earnings results on Tuesday, September 24th. The industrial products company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.21). The company had revenue of $257.31 million for the quarter, compared to the consensus estimate of $296.05 million. Worthington Enterprises had a return on equity of 12.23% and a net margin of 1.96%. Worthington Enterprises’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.06 EPS.

Worthington Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.67%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 89.47%.

Wall Street Analyst Weigh In

WOR has been the topic of several recent research reports. Canaccord Genuity Group reissued a “hold” rating and set a $46.00 price objective on shares of Worthington Enterprises in a report on Friday, October 4th. StockNews.com raised Worthington Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, Canaccord Genuity Group decreased their price objective on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.00.

Insider Buying and Selling

In other Worthington Enterprises news, CFO Joseph B. Hayek bought 2,500 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were bought at an average price of $40.21 per share, for a total transaction of $100,525.00. Following the completion of the acquisition, the chief financial officer now owns 168,875 shares of the company’s stock, valued at approximately $6,790,463.75. This trade represents a 1.50 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 37.50% of the stock is owned by corporate 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.