Worthington Enterprises, Inc. (NYSE:WOR) Shares Bought by Amundi

Amundi lifted its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 170.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,777 shares of the industrial products company’s stock after purchasing an additional 9,941 shares during the quarter. Amundi’s holdings in Worthington Enterprises were worth $625,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. KBC Group NV boosted its position in shares of Worthington Enterprises by 45.1% in the third quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 353 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of Worthington Enterprises by 86.5% in the 3rd quarter. Quest Partners LLC now owns 19,246 shares of the industrial products company’s stock valued at $798,000 after purchasing an additional 8,929 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Worthington Enterprises during the 3rd quarter valued at $1,764,000. Intech Investment Management LLC purchased a new stake in shares of Worthington Enterprises during the 3rd quarter valued at $633,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Worthington Enterprises by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 493,280 shares of the industrial products company’s stock worth $20,446,000 after buying an additional 18,480 shares during the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WOR shares. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. Canaccord Genuity Group boosted their target price on Worthington Enterprises from $46.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $46.00.

Worthington Enterprises Stock Up 0.1 %

Shares of NYSE WOR opened at $41.29 on Friday. The stock has a fifty day moving average price of $41.81 and a 200 day moving average price of $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. Worthington Enterprises, Inc. has a 12-month low of $37.88 and a 12-month high of $69.96. The company has a market cap of $2.07 billion, a P/E ratio of 49.75 and a beta of 1.21.

Worthington Enterprises (NYSE:WOR) last posted its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $274.05 million during the quarter, compared to analyst estimates of $273.77 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. Research analysts anticipate that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises 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.