Connor Clark & Lunn Investment Management Ltd. Purchases 36,118 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 84.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 78,680 shares of the industrial products company’s stock after acquiring an additional 36,118 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Worthington Enterprises were worth $3,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in shares of Worthington Enterprises by 9.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company’s stock worth $71,032,000 after acquiring an additional 156,762 shares during the period. Geode Capital Management LLC raised its position in Worthington Enterprises by 3.3% in the third quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company’s stock worth $33,739,000 after purchasing an additional 25,824 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Worthington Enterprises by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 533,276 shares of the industrial products company’s stock worth $21,390,000 after purchasing an additional 39,996 shares during the period. Bank of New York Mellon Corp boosted its holdings in Worthington Enterprises by 3.6% during the fourth 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, Fisher Asset Management LLC grew its stake in shares of Worthington Enterprises by 187.9% in the 4th 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 period. Institutional investors own 51.59% of the company’s stock.

Wall Street Analyst Weigh In

WOR has been the subject of several analyst reports. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th. Canaccord Genuity Group boosted their target price on shares of Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a research note 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 company has an average rating of “Hold” and an average target price of $46.00.

Worthington Enterprises Stock Performance

NYSE:WOR opened at $41.46 on Tuesday. The stock has a market capitalization of $2.07 billion, a P/E ratio of 49.95 and a beta of 1.21. 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 1 year low of $37.88 and a 1 year high of $69.96. The firm has a 50 day moving average of $41.72 and a 200-day moving average of $41.44.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings data on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $274.05 million during the quarter, compared to the consensus estimate of $273.77 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. As a group, sell-side 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.