Worthington Enterprises, Inc. (NYSE:WOR) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 113.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,814 shares of the industrial products company’s stock after purchasing an additional 15,864 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Worthington Enterprises worth $1,196,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WOR. Pacer Advisors Inc. lifted its stake in Worthington Enterprises by 9.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company’s stock valued at $71,032,000 after purchasing an additional 156,762 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Worthington Enterprises by 187.9% during 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 purchasing an additional 132,040 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Worthington Enterprises in the 3rd quarter valued at approximately $3,663,000. JPMorgan Chase & Co. lifted its position in shares of Worthington Enterprises by 90.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company’s stock valued at $5,725,000 after acquiring an additional 65,685 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Worthington Enterprises in the 3rd quarter valued at approximately $1,764,000. 51.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on WOR. Canaccord Genuity Group upped their price target on shares of Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Seaport Res Ptn upgraded shares of Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Worthington Enterprises has a consensus rating of “Hold” and a consensus price target of $46.00.

Worthington Enterprises Stock Performance

NYSE:WOR opened at $41.33 on Thursday. Worthington Enterprises, Inc. has a 1 year low of $37.88 and a 1 year high of $69.96. The firm’s fifty day simple moving average is $41.78 and its 200 day simple moving average is $41.40. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2.07 billion, a PE ratio of 49.79 and a beta of 1.21.

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 the consensus estimate of $0.52 by $0.08. The company had revenue of $274.05 million for the quarter, compared to analyst estimates of $273.77 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The business’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. On average, sell-side analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

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.