Royce & Associates LP Has $399,000 Holdings in Worthington Enterprises, Inc. $WOR

Royce & Associates LP cut its position in Worthington Enterprises, Inc. (NYSE:WOR) by 64.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,736 shares of the industrial products company’s stock after selling 13,961 shares during the quarter. Royce & Associates LP’s holdings in Worthington Enterprises were worth $399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. ProShare Advisors LLC grew its stake in Worthington Enterprises by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 6,114 shares of the industrial products company’s stock valued at $315,000 after buying an additional 189 shares during the last quarter. Hantz Financial Services Inc. grew its stake in Worthington Enterprises by 61.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock valued at $29,000 after buying an additional 199 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Worthington Enterprises by 1.3% in the 4th quarter. State of Alaska Department of Revenue now owns 19,385 shares of the industrial products company’s stock valued at $999,000 after buying an additional 240 shares during the last quarter. Fifth Third Bancorp grew its stake in Worthington Enterprises by 2.0% in the 3rd quarter. Fifth Third Bancorp now owns 13,557 shares of the industrial products company’s stock valued at $752,000 after buying an additional 267 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in Worthington Enterprises by 1.7% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 16,463 shares of the industrial products company’s stock valued at $914,000 after buying an additional 279 shares during the last quarter. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Worthington Enterprises Stock Performance

NYSE WOR opened at $56.70 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.36 and a quick ratio of 1.44. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 25.20 and a beta of 1.28. The company’s fifty day moving average is $53.78 and its two-hundred day moving average is $54.09. Worthington Enterprises, Inc. has a 52-week low of $45.01 and a 52-week high of $70.91.

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

Worthington Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, June 15th. Worthington Enterprises’s payout ratio is 33.78%.

Analysts Set New Price Targets

WOR has been the topic of several research analyst reports. Wall Street Zen lowered shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings restated a “hold (c)” rating on shares of Worthington Enterprises in a research report on Monday, April 20th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $69.00 price target on shares of Worthington Enterprises in a research report on Thursday, March 26th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.