LSV Asset Management Buys Shares of 207,182 Worthington Enterprises, Inc. $WOR

LSV Asset Management bought a new stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 207,182 shares of the industrial products company’s stock, valued at approximately $10,684,000.

A number of other large investors also recently added to or reduced their stakes in WOR. Windsor Advisory Group LLC acquired a new position in Worthington Enterprises during the 3rd quarter valued at about $16,319,000. Keybank National Association OH bought a new stake in Worthington Enterprises during the 4th quarter worth approximately $10,749,000. Arrowstreet Capital Limited Partnership increased its stake in Worthington Enterprises by 67.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 481,541 shares of the industrial products company’s stock worth $26,721,000 after purchasing an additional 193,319 shares in the last quarter. Millennium Management LLC increased its stake in Worthington Enterprises by 54.9% during the 1st quarter. Millennium Management LLC now owns 352,486 shares of the industrial products company’s stock worth $17,656,000 after purchasing an additional 124,867 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Worthington Enterprises during the 3rd quarter worth approximately $6,438,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Worthington Enterprises Trading Up 0.2%

Shares of Worthington Enterprises stock opened at $55.25 on Tuesday. The firm has a 50-day moving average of $53.12 and a 200-day moving average of $54.06. The stock has a market cap of $2.72 billion, a PE ratio of 24.55 and a beta of 1.28. Worthington Enterprises, Inc. has a 52-week low of $45.01 and a 52-week high of $70.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.44 and a current ratio of 2.36.

Worthington Enterprises (NYSE:WOR) last announced its earnings results on Tuesday, March 24th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. The company had revenue of $378.68 million during the quarter, compared to analysts’ expectations of $349.41 million. Worthington Enterprises had a net margin of 8.42% and a return on equity of 17.74%. Worthington Enterprises’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 earnings per share. As a group, sell-side analysts forecast that Worthington Enterprises, Inc. will post 3.41 EPS for the current year.

Worthington Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 15th. Worthington Enterprises’s payout ratio is 33.78%.

Wall Street Analysts Forecast Growth

WOR has been the subject of several research reports. Wall Street Zen cut shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a research note on Monday, April 20th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $69.00 target price on shares of Worthington Enterprises in a research note on Thursday, March 26th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $61.00.

Worthington Enterprises Company Profile

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.