Fisher Asset Management LLC Boosts Position in Worthington Enterprises, Inc. $WOR

Fisher Asset Management LLC increased its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 19.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 343,591 shares of the industrial products company’s stock after purchasing an additional 55,917 shares during the period. Fisher Asset Management LLC’s holdings in Worthington Enterprises were worth $19,066,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in shares of Worthington Enterprises by 61.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock valued at $29,000 after buying an additional 199 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in 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 acquiring an additional 541 shares during the last quarter. CWM LLC lifted its holdings in Worthington Enterprises by 33.5% in the second quarter. CWM LLC now owns 813 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 204 shares during the last quarter. Amplify Investments LLC grew its position in Worthington Enterprises by 27.7% in the third quarter. Amplify Investments LLC now owns 1,484 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 322 shares during the period. Finally, Caldwell Trust Co acquired a new stake in Worthington Enterprises during the second quarter worth $112,000. 51.59% of the stock is owned by hedge funds and other institutional investors.

Worthington Enterprises Price Performance

WOR stock opened at $53.67 on Thursday. The business’s fifty day moving average price is $54.95 and its 200 day moving average price is $56.89. Worthington Enterprises, Inc. has a 12-month low of $39.05 and a 12-month high of $70.91. The company has a current ratio of 3.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.66 billion, a PE ratio of 25.32 and a beta of 1.32.

Worthington Enterprises (NYSE:WOR) last announced its earnings results on Tuesday, December 16th. The industrial products company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.06). The firm had revenue of $327.45 million for the quarter, compared to analysts’ expectations of $310.60 million. Worthington Enterprises had a net margin of 8.46% and a return on equity of 17.70%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share. On average, sell-side analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.19 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.4%. Worthington Enterprises’s payout ratio is 35.85%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a research note on Wednesday, January 21st. Canaccord Genuity Group reduced their price objective on shares of Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, December 18th. Finally, Wall Street Zen raised shares of Worthington Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.00.

Worthington Enterprises 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.