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

Fisher Asset Management LLC raised its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 27.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 436,731 shares of the industrial products company’s stock after purchasing an additional 93,140 shares during the quarter. Fisher Asset Management LLC owned 0.88% of Worthington Enterprises worth $22,522,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in WOR. ProShare Advisors LLC grew its position in Worthington Enterprises by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 6,114 shares of the industrial products company’s stock worth $315,000 after buying an additional 189 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in 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 acquiring an additional 199 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Worthington Enterprises by 1.3% in the 4th quarter. State of Alaska Department of Revenue now owns 19,385 shares of the industrial products company’s stock valued at $999,000 after acquiring an additional 240 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Worthington Enterprises by 2.0% in the 3rd quarter. Fifth Third Bancorp now owns 13,557 shares of the industrial products company’s stock worth $752,000 after acquiring an additional 267 shares during the period. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of Worthington Enterprises by 1.7% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 16,463 shares of the industrial products company’s stock worth $914,000 after purchasing an additional 279 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Canaccord Genuity Group restated a “buy” rating and set a $69.00 price objective on shares of Worthington Enterprises in a research report on Thursday, March 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Worthington Enterprises in a research note on Monday, April 20th. Finally, Wall Street Zen lowered shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $61.00.

Worthington Enterprises Trading Up 1.1%

Shares of WOR opened at $55.72 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.44 and a debt-to-equity ratio of 0.31. The stock has a market cap of $2.74 billion, a PE ratio of 24.76 and a beta of 1.28. Worthington Enterprises, Inc. has a 1 year low of $45.01 and a 1 year high of $70.91. The stock has a 50 day simple moving average of $53.29 and a 200-day simple moving average of $54.06.

Worthington Enterprises (NYSE:WOR) last announced its quarterly 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. Worthington Enterprises had a return on equity of 17.74% and a net margin of 8.42%.The business had revenue of $378.68 million for the quarter, compared to analyst estimates of $349.41 million. During the same quarter in the previous year, the firm earned $0.91 EPS. Worthington Enterprises’s quarterly revenue was up 24.4% on a year-over-year basis. On average, sell-side analysts predict that Worthington Enterprises, Inc. will post 3.41 EPS for the current fiscal year.

Worthington Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.4%. Worthington Enterprises’s dividend payout ratio is presently 33.78%.

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.