Royce & Associates LP Grows Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

Royce & Associates LP raised its position in Worthington Enterprises, Inc. (NYSE:WOR) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,796 shares of the industrial products company’s stock after purchasing an additional 1,293 shares during the quarter. Royce & Associates LP owned 0.14% of Worthington Enterprises worth $2,800,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in Worthington Enterprises by 9.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company’s stock valued at $71,032,000 after purchasing an additional 156,762 shares during the period. Geode Capital Management LLC raised its position in Worthington Enterprises by 3.3% in the third quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company’s stock valued at $33,739,000 after purchasing an additional 25,824 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Worthington Enterprises by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 533,276 shares of the industrial products company’s stock worth $21,390,000 after acquiring an additional 39,996 shares during the period. Bank of New York Mellon Corp increased its position in shares of Worthington Enterprises by 3.6% during the fourth quarter. Bank of New York Mellon Corp now owns 414,546 shares of the industrial products company’s stock worth $16,627,000 after acquiring an additional 14,328 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of Worthington Enterprises by 187.9% during the fourth quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company’s stock worth $8,114,000 after acquiring an additional 132,040 shares during the period. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Stock Performance

Shares of WOR stock opened at $41.29 on Friday. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average price of $41.81 and a 200 day moving average price of $41.40. The company has a market cap of $2.07 billion, a P/E ratio of 49.75 and a beta of 1.21. Worthington Enterprises, Inc. has a 12 month low of $37.88 and a 12 month high of $69.96.

Worthington Enterprises (NYSE:WOR) last issued its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The firm 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 3.66% and a return on equity of 14.70%. The company’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Sell-side analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Seaport Res Ptn raised Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th. Canaccord Genuity Group upped their price objective on Worthington Enterprises from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.00.

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.