AXQ Capital LP Invests $246,000 in Worthington Enterprises, Inc. (NYSE:WOR)

AXQ Capital LP bought a new position in shares of Worthington Enterprises, Inc. (NYSE:WOR) during the 4th quarter, HoldingsChannel reports. The fund bought 6,133 shares of the industrial products company’s stock, valued at approximately $246,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of Worthington Enterprises by 3.3% during the 3rd 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 during the last quarter. Amundi lifted its holdings in Worthington Enterprises by 170.3% in the fourth quarter. Amundi now owns 15,777 shares of the industrial products company’s stock valued at $625,000 after acquiring an additional 9,941 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Worthington Enterprises by 90.7% in the third 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 during the last quarter. Fisher Asset Management LLC lifted its holdings in Worthington Enterprises by 24.8% in the third quarter. Fisher Asset Management LLC now owns 70,265 shares of the industrial products company’s stock valued at $2,912,000 after acquiring an additional 13,974 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in Worthington Enterprises in the third quarter valued at approximately $1,014,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WOR has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. Canaccord Genuity Group upped their price objective on Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.00.

Worthington Enterprises Stock Down 4.1 %

Shares of NYSE WOR opened at $39.60 on Monday. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 47.71 and a beta of 1.21. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. Worthington Enterprises, Inc. has a 52-week low of $37.88 and a 52-week high of $65.34. The business’s 50 day moving average is $41.81 and its two-hundred day moving average is $41.33.

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.