Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 84.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,680 shares of the industrial products company's stock after acquiring an additional 36,118 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.16% of Worthington Enterprises worth $3,156,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Worthington Enterprises by 2.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,659 shares of the industrial products company's stock valued at $1,190,000 after purchasing an additional 813 shares during the last quarter. Amundi raised its holdings in Worthington Enterprises by 170.3% in the 4th quarter. Amundi now owns 15,777 shares of the industrial products company's stock worth $625,000 after acquiring an additional 9,941 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Worthington Enterprises by 2.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 30,786 shares of the industrial products company's stock worth $1,235,000 after acquiring an additional 736 shares during the last quarter. Inceptionr LLC purchased a new position in Worthington Enterprises in the 4th quarter worth approximately $355,000. Finally, Raymond James Financial Inc. purchased a new position in Worthington Enterprises in the 4th quarter worth approximately $394,000. 51.59% of the stock is owned by institutional investors.
Worthington Enterprises Stock Performance
Shares of WOR stock traded down $1.69 during mid-day trading on Friday, reaching $39.60. 2,787,152 shares of the company's stock traded hands, compared to its average volume of 271,273. Worthington Enterprises, Inc. has a 12 month low of $37.88 and a 12 month high of $69.96. The firm has a 50 day moving average price of $41.81 and a two-hundred day moving average price of $41.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. The firm has a market capitalization of $1.98 billion, a PE ratio of 47.71 and a beta of 1.21.
Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its quarterly earnings data on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The firm had revenue of $274.05 million during the quarter, compared to the consensus estimate of $273.77 million. During the same quarter in the previous year, the firm posted $0.78 EPS. The company's revenue for the quarter was down 8.1% compared to the same quarter last year. On average, research analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.
Analyst Ratings Changes
A number of research firms have commented on WOR. Canaccord Genuity Group lifted their target price on shares of Worthington Enterprises from $46.00 to $49.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $46.00.
View Our Latest Stock Analysis on WOR
About Worthington Enterprises
(
Free Report)
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.
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