AXQ Capital LP Acquires Shares of 6,133 Worthington Enterprises, Inc. (NYSE:WOR)

AXQ Capital LP acquired a new stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,133 shares of the industrial products company’s stock, valued at approximately $246,000.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. increased its stake in shares of Worthington Enterprises by 9.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company’s stock valued at $71,032,000 after purchasing an additional 156,762 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Worthington Enterprises by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company’s stock valued at $33,739,000 after purchasing an additional 25,824 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Worthington Enterprises by 11.5% in the 4th quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company’s stock valued at $26,559,000 after purchasing an additional 68,363 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Worthington Enterprises by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 533,276 shares of the industrial products company’s stock valued at $21,390,000 after purchasing an additional 39,996 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Worthington Enterprises by 3.6% in the 4th quarter. Bank of New York Mellon Corp now owns 414,546 shares of the industrial products company’s stock valued at $16,627,000 after purchasing an additional 14,328 shares in the last quarter. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Trading Down 4.1 %

WOR stock opened at $39.60 on Monday. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. Worthington Enterprises, Inc. has a 12-month low of $37.88 and a 12-month high of $65.34. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 47.71 and a beta of 1.21. The business’s 50-day moving average is $41.81 and its 200 day moving average is $41.33.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WOR shares. Canaccord Genuity Group lifted their price target 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 research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Worthington Enterprises currently has an average rating of “Hold” and a consensus target price of $46.00.

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.