Amundi Boosts Stake in Worthington Enterprises, Inc. (NYSE:WOR)

Amundi grew its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 170.3% in the 4th quarter, Holdings Channel reports. The fund owned 15,777 shares of the industrial products company’s stock after acquiring an additional 9,941 shares during the period. Amundi’s holdings in Worthington Enterprises were worth $625,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WOR. Pacer Advisors Inc. raised its holdings in Worthington Enterprises by 9.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company’s stock valued at $71,032,000 after acquiring an additional 156,762 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Worthington Enterprises by 187.9% in the 4th quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company’s stock worth $8,114,000 after purchasing an additional 132,040 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Worthington Enterprises in the 3rd quarter valued at about $3,663,000. JPMorgan Chase & Co. lifted its position in shares of Worthington Enterprises by 90.7% during the third quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company’s stock worth $5,725,000 after purchasing an additional 65,685 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Worthington Enterprises during the third quarter worth about $1,764,000. 51.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WOR. 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 research note on Thursday, December 19th. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.00.

Worthington Enterprises Price Performance

WOR opened at $41.29 on Friday. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $41.81 and its 200 day moving average price is $41.40. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $69.96. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 49.75 and a beta of 1.21.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $274.05 million for the quarter, compared to analysts’ expectations of $273.77 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The business’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. As a group, sell-side analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current year.

Worthington Enterprises 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.