Fisher Asset Management LLC Acquires 93,140 Shares of Worthington Enterprises, Inc. $WOR

Fisher Asset Management LLC lifted its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 27.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 436,731 shares of the industrial products company’s stock after buying an additional 93,140 shares during the quarter. Fisher Asset Management LLC’s holdings in Worthington Enterprises were worth $22,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WOR. Allworth Financial LP grew its holdings in Worthington Enterprises by 872.0% during the 4th quarter. Allworth Financial LP now owns 486 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 436 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Worthington Enterprises by 61.0% during the third quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 199 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Worthington Enterprises by 81.3% during the fourth quarter. Farther Finance Advisors LLC now owns 678 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 304 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Worthington Enterprises by 693.6% in the second quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 541 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in shares of Worthington Enterprises in the fourth quarter valued at approximately $77,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Trading Up 1.1%

Shares of NYSE WOR opened at $55.72 on Wednesday. The company’s 50 day simple moving average is $53.29 and its 200 day simple moving average is $54.06. Worthington Enterprises, Inc. has a fifty-two week low of $45.01 and a fifty-two week high of $70.91. The firm has a market capitalization of $2.74 billion, a P/E ratio of 24.76 and a beta of 1.28. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.36 and a quick ratio of 1.44.

Worthington Enterprises (NYSE:WOR) last issued its earnings results on Tuesday, March 24th. The industrial products company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.95 by $0.03. The company had revenue of $378.68 million during the quarter, compared to analysts’ expectations of $349.41 million. Worthington Enterprises had a net margin of 8.42% and a return on equity of 17.74%. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. On average, analysts predict that Worthington Enterprises, Inc. will post 3.41 EPS for the current year.

Worthington Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.4%. Worthington Enterprises’s payout ratio is 33.78%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WOR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a report on Monday, April 20th. Wall Street Zen downgraded Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $69.00 price target on shares of Worthington Enterprises in a report on Thursday, March 26th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Worthington Enterprises has a consensus rating of “Hold” and an average target price of $61.00.

Worthington Enterprises Company Profile

Worthington Enterprises (NYSE:WOR) is a diversified metal manufacturing company that produces pressure vessels, engineered assemblies and fabricated metal products. The company’s portfolio includes the design and manufacture of cylinders for compressed gases, such as propane, natural gas and hydrogen, as well as transport tanks and other pressure-containment solutions for the industrial gas, energy and transportation markets. In addition to its pressure vessel operations, Worthington Enterprises offers metal processing and distribution services, supplying coil, sheet and plate products to customers across multiple industries.

Founded in 1955 and headquartered in Columbus, Ohio, Worthington Enterprises has grown from a single steel processing facility into a multi‐division organization with operations in the United States, Canada and Mexico.