Worthington Enterprises, Inc. $WOR Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC increased its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 19.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 343,591 shares of the industrial products company’s stock after purchasing an additional 55,917 shares during the quarter. Fisher Asset Management LLC owned 0.69% of Worthington Enterprises worth $19,066,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WOR. Royal Bank of Canada increased its position in shares of Worthington Enterprises by 4.5% in the first quarter. Royal Bank of Canada now owns 12,967 shares of the industrial products company’s stock valued at $650,000 after buying an additional 554 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Worthington Enterprises in the 1st quarter valued at $533,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Worthington Enterprises by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,704 shares of the industrial products company’s stock valued at $937,000 after acquiring an additional 793 shares during the period. Millennium Management LLC increased its holdings in Worthington Enterprises by 54.9% in the 1st quarter. Millennium Management LLC now owns 352,486 shares of the industrial products company’s stock worth $17,656,000 after acquiring an additional 124,867 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Worthington Enterprises by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 222,461 shares of the industrial products company’s stock worth $11,143,000 after acquiring an additional 7,575 shares during the period. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WOR. Wall Street Zen upgraded shares of Worthington Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Worthington Enterprises in a research note on Wednesday, January 21st. Finally, Canaccord Genuity Group lowered their price objective on Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, December 18th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $61.00.

Worthington Enterprises Stock Performance

NYSE:WOR opened at $53.67 on Thursday. The company has a market cap of $2.66 billion, a P/E ratio of 25.32 and a beta of 1.32. Worthington Enterprises, Inc. has a twelve month low of $39.05 and a twelve month high of $70.91. The company’s 50-day moving average price is $54.95 and its 200-day moving average price is $56.89. The company has a current ratio of 3.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.32.

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

Worthington Enterprises Dividend Announcement

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

About Worthington Enterprises

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.