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

Royce & Associates LP reduced its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 64.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,736 shares of the industrial products company’s stock after selling 13,961 shares during the period. Royce & Associates LP’s holdings in Worthington Enterprises were worth $399,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Worthington Enterprises by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,753,434 shares of the industrial products company’s stock valued at $208,278,000 after acquiring an additional 15,894 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of 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 valued at $26,721,000 after acquiring an additional 193,319 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Worthington Enterprises by 27.1% during the 4th quarter. Fisher Asset Management LLC now owns 436,731 shares of the industrial products company’s stock valued at $22,522,000 after acquiring an additional 93,140 shares in the last quarter. Millennium Management LLC lifted its holdings 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 valued at $17,656,000 after purchasing an additional 124,867 shares during the last quarter. Finally, Windsor Advisory Group LLC bought a new position in Worthington Enterprises during the 3rd quarter valued at about $16,319,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on WOR. Wall Street Zen downgraded shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Canaccord Genuity Group reissued a “buy” rating and set a $69.00 price target on shares of Worthington Enterprises in a report on Thursday, March 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $61.00.

Worthington Enterprises Trading Down 0.1%

Shares of NYSE WOR opened at $56.70 on Monday. Worthington Enterprises, Inc. has a 1-year low of $45.01 and a 1-year high of $70.91. The company has a market cap of $2.79 billion, a PE ratio of 25.20 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.44 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average of $53.78 and a two-hundred day moving average of $54.09.

Worthington Enterprises (NYSE:WOR) last announced its earnings results on Tuesday, March 24th. The industrial products company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $349.41 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The company’s revenue was up 24.4% on a year-over-year basis. As a group, equities analysts expect that Worthington Enterprises, Inc. will post 3.41 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.3%. Worthington Enterprises’s payout ratio is currently 33.78%.

About Worthington Enterprises

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.