Royce & Associates LP Sells 15,046 Shares of Worthington Enterprises, Inc. $WOR

Royce & Associates LP decreased its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 40.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 21,697 shares of the industrial products company’s stock after selling 15,046 shares during the quarter. Royce & Associates LP’s holdings in Worthington Enterprises were worth $1,204,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in WOR. Arrowstreet Capital Limited Partnership grew its position in Worthington Enterprises by 377.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 288,222 shares of the industrial products company’s stock worth $18,342,000 after buying an additional 227,792 shares in the last quarter. American Century Companies Inc. raised its holdings in Worthington Enterprises by 23.0% in the 2nd quarter. American Century Companies Inc. now owns 1,010,730 shares of the industrial products company’s stock valued at $64,323,000 after acquiring an additional 188,783 shares in the last quarter. Millennium Management LLC lifted its position in shares of Worthington Enterprises by 54.9% in the 1st quarter. Millennium Management LLC now owns 352,486 shares of the industrial products company’s stock worth $17,656,000 after acquiring an additional 124,867 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in shares of Worthington Enterprises during the 2nd quarter worth approximately $5,913,000. Finally, Midwest Trust Co acquired a new stake in shares of Worthington Enterprises during the 2nd quarter worth approximately $5,068,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Trading Down 2.1%

NYSE:WOR opened at $51.06 on Friday. Worthington Enterprises, Inc. has a 1-year low of $39.05 and a 1-year high of $70.91. The business’s 50-day moving average price is $54.89 and its two-hundred day moving average price is $56.76. The company has a current ratio of 3.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 24.08 and a beta of 1.32.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings results on Tuesday, December 16th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.06). The business had revenue of $327.45 million during the quarter, compared to the consensus estimate of $310.60 million. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.46%.The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share. On average, equities analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.5%. Worthington Enterprises’s payout ratio is presently 35.85%.

Analysts Set New Price Targets

WOR has been the topic of several recent research reports. Canaccord Genuity Group decreased their target price on shares of Worthington Enterprises from $73.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a research report on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Worthington Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.