PDS Planning Inc Purchases 356 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

PDS Planning Inc grew its stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 3.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,792 shares of the industrial products company’s stock after acquiring an additional 356 shares during the period. PDS Planning Inc’s holdings in Worthington Enterprises were worth $473,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WOR. KBC Group NV grew its position in shares of Worthington Enterprises by 45.1% during the 3rd quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 353 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Worthington Enterprises in the 3rd quarter worth approximately $85,000. Point72 DIFC Ltd purchased a new stake in shares of Worthington Enterprises during the 3rd quarter valued at $110,000. Point72 Hong Kong Ltd purchased a new stake in shares of Worthington Enterprises during the 3rd quarter valued at $124,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Worthington Enterprises during the 3rd quarter valued at $199,000. 51.59% of the stock is owned by institutional investors.

Worthington Enterprises Trading Down 1.3 %

Shares of NYSE WOR opened at $40.89 on Wednesday. Worthington Enterprises, Inc. has a 1 year low of $37.88 and a 1 year high of $69.96. The stock has a market cap of $2.05 billion, a P/E ratio of 49.26 and a beta of 1.21. The firm has a 50-day moving average of $41.74 and a 200 day moving average of $41.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50.

Worthington Enterprises (NYSE:WOR) last issued its quarterly earnings results 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. The company had revenue of $274.05 million during the quarter, compared to analysts’ expectations of $273.77 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. Worthington Enterprises’s revenue was down 8.1% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. As a group, sell-side analysts expect that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Canaccord Genuity Group increased their target price on shares of Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Seaport Res Ptn raised shares of 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 issued a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.00.

About Worthington Enterprises

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.