Pacer Advisors Inc. Buys 156,762 Shares of Worthington Enterprises, Inc. (NYSE:WOR)

Pacer Advisors Inc. raised its position in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,770,924 shares of the industrial products company’s stock after acquiring an additional 156,762 shares during the period. Pacer Advisors Inc. owned approximately 3.54% of Worthington Enterprises worth $71,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in WOR. KBC Group NV lifted its stake in Worthington Enterprises by 63.7% in the fourth quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 724 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Worthington Enterprises by 90.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company’s stock worth $5,725,000 after acquiring an additional 65,685 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Worthington Enterprises during the 3rd quarter worth approximately $3,663,000. Franklin Resources Inc. boosted its holdings in Worthington Enterprises by 7.5% during the 3rd quarter. Franklin Resources Inc. now owns 18,604 shares of the industrial products company’s stock valued at $751,000 after acquiring an additional 1,293 shares during the period. Finally, Coldstream Capital Management Inc. grew its position in Worthington Enterprises by 10.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 25,684 shares of the industrial products company’s stock valued at $1,065,000 after acquiring an additional 2,498 shares during the last quarter. Institutional investors own 51.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their target price on Worthington Enterprises from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th.

Worthington Enterprises Stock Performance

Worthington Enterprises stock opened at $41.83 on Monday. 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 company has a market capitalization of $2.09 billion, a PE ratio of 50.40 and a beta of 1.25. The company has a 50 day moving average price of $40.59 and a 200-day moving average price of $42.64. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $69.96.

Worthington Enterprises (NYSE:WOR) last issued its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The business had revenue of $274.05 million during the quarter, compared to analyst estimates of $273.77 million. During the same period in the previous year, the company posted $0.78 EPS. Worthington Enterprises’s revenue was down 8.1% on a year-over-year basis.

Worthington Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.63%. Worthington Enterprises’s payout ratio is 81.93%.

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.