Royce & Associates LP Raises Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

Royce & Associates LP grew its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 69,796 shares of the industrial products company’s stock after purchasing an additional 1,293 shares during the quarter. Royce & Associates LP’s holdings in Worthington Enterprises were worth $2,800,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in WOR. KBC Group NV grew its holdings in shares of Worthington Enterprises by 45.1% during the third quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 353 shares during the last quarter. Quest Partners LLC grew its holdings in shares of Worthington Enterprises by 86.5% during the third quarter. Quest Partners LLC now owns 19,246 shares of the industrial products company’s stock worth $798,000 after buying an additional 8,929 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Worthington Enterprises during the third quarter worth about $1,764,000. Intech Investment Management LLC purchased a new position in shares of Worthington Enterprises during the third quarter worth about $633,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Worthington Enterprises by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 493,280 shares of the industrial products company’s stock worth $20,446,000 after buying an additional 18,480 shares during the last quarter. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Price Performance

Shares of NYSE:WOR opened at $41.29 on Friday. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. 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 52 week low of $37.88 and a 52 week high of $69.96. The company has a 50-day moving average price of $41.81 and a 200 day moving average price of $41.40.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings data on Tuesday, December 17th. The industrial products company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The firm had revenue of $274.05 million during the quarter, compared to the consensus estimate of $273.77 million. During the same quarter last year, the firm earned $0.78 earnings per share. The firm’s revenue was down 8.1% compared to the same quarter last year. Research analysts predict that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Analysts Set New Price Targets

WOR has been the topic of a number of research reports. Seaport Res Ptn raised Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. Canaccord Genuity Group raised their price target on Worthington Enterprises from $46.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.