Worthington Enterprises, Inc. (NYSE:WOR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 533,276 shares of the industrial products company’s stock after buying an additional 39,996 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.07% of Worthington Enterprises worth $21,390,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Fisher Asset Management LLC grew its stake in shares of Worthington Enterprises by 187.9% in the fourth quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company’s stock valued at $8,114,000 after buying an additional 132,040 shares in the last quarter. VELA Investment Management LLC acquired a new stake in Worthington Enterprises during the 4th quarter valued at approximately $1,224,000. Proficio Capital Partners LLC acquired a new stake in Worthington Enterprises during the 4th quarter valued at approximately $478,000. Bank of New York Mellon Corp grew its stake in Worthington Enterprises by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 414,546 shares of the industrial products company’s stock valued at $16,627,000 after purchasing an additional 14,328 shares in the last quarter. Finally, Cardinal Capital Management grew its stake in Worthington Enterprises by 12.2% during the 4th quarter. Cardinal Capital Management now owns 23,958 shares of the industrial products company’s stock valued at $961,000 after purchasing an additional 2,611 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Stock Performance

Shares of WOR opened at $41.33 on Thursday. The stock has a market capitalization of $2.07 billion, a PE ratio of 49.79 and a beta of 1.21. The business’s fifty day moving average price is $41.78 and its 200 day moving average price is $41.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50. Worthington Enterprises, Inc. has a 12-month low of $37.88 and a 12-month high of $69.96.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping 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 company had revenue of $274.05 million for the quarter, compared to the consensus estimate of $273.77 million. During the same period last year, the firm posted $0.78 EPS. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. Equities research analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group raised their price objective on Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Worthington Enterprises has a consensus rating of “Hold” and a consensus target price of $46.00.

Worthington Enterprises Company Profile

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.