Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Worthington Enterprises, Inc. (NYSE:WOR – Free Report) by 15.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,860 shares of the industrial products company’s stock after acquiring an additional 1,069 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Worthington Enterprises were worth $486,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in WOR. Pacifica Partners Inc. acquired a new stake in shares of Worthington Enterprises during the third quarter valued at approximately $30,000. FSC Wealth Advisors LLC acquired a new stake in shares of Worthington Enterprises during the third quarter valued at approximately $35,000. Point72 Hong Kong Ltd raised its holdings in shares of Worthington Enterprises by 1,470.4% during the first quarter. Point72 Hong Kong Ltd now owns 1,806 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 1,691 shares during the period. Point72 Middle East FZE acquired a new stake in shares of Worthington Enterprises during the fourth quarter valued at approximately $120,000. Finally, FMR LLC raised its holdings in shares of Worthington Enterprises by 11.2% during the first quarter. FMR LLC now owns 2,146 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 216 shares during the period. Institutional investors and hedge funds own 45.30% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on WOR shares. Canaccord Genuity Group started coverage on shares of Worthington Enterprises in a research note on Tuesday, January 30th. They issued a “hold” rating and a $56.00 price objective on the stock. StockNews.com started coverage on shares of Worthington Enterprises in a research note on Thursday, February 1st. They issued a “buy” rating on the stock. Canaccord Genuity Group started coverage on shares of Worthington Enterprises in a research note on Tuesday, January 30th. They issued a “hold” rating and a $56.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Worthington Enterprises in a research note on Monday, January 22nd. They issued a “sell” rating and a $50.00 price objective on the stock. Finally, TheStreet upgraded shares of Worthington Enterprises from a “c+” rating to a “b” rating in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $57.50.
Worthington Enterprises Stock Performance
Shares of WOR opened at $57.11 on Wednesday. The company’s fifty day moving average is $56.25 and its 200-day moving average is $63.61. Worthington Enterprises, Inc. has a 12 month low of $31.91 and a 12 month high of $59.73. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 9.57 and a beta of 1.39. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 0.16.
Worthington Enterprises (NYSE:WOR – Get Free Report) last announced its quarterly earnings results on Wednesday, December 20th. The industrial products company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.44 by $0.34. Worthington Enterprises had a net margin of 6.43% and a return on equity of 17.91%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $666.15 million. During the same quarter in the prior year, the business posted $0.44 EPS. Worthington Enterprises’s quarterly revenue was down 7.5% on a year-over-year basis. Equities analysts expect that Worthington Enterprises, Inc. will post 5.6 EPS for the current fiscal year.
Worthington Enterprises Company Profile
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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