Illinois Municipal Retirement Fund Acquires Shares of 24,891 Worthington Enterprises, Inc. (NYSE:WOR)

Illinois Municipal Retirement Fund purchased a new position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,891 shares of the industrial products company's stock, valued at approximately $1,432,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in Worthington Enterprises by 67,348.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,224,452 shares of the industrial products company's stock valued at $128,017,000 after purchasing an additional 2,221,154 shares during the last quarter. Vanguard Group Inc. increased its holdings in Worthington Enterprises by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 3,658,961 shares of the industrial products company's stock valued at $226,197,000 after purchasing an additional 297,139 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Worthington Enterprises by 193.8% in the 3rd quarter. Acadian Asset Management LLC now owns 203,299 shares of the industrial products company's stock valued at $12,556,000 after purchasing an additional 134,095 shares during the last quarter. FMR LLC increased its holdings in Worthington Enterprises by 3,957.0% in the 3rd quarter. FMR LLC now owns 90,674 shares of the industrial products company's stock valued at $5,605,000 after purchasing an additional 88,439 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Worthington Enterprises by 39.6% in the 3rd quarter. Invesco Ltd. now owns 273,139 shares of the industrial products company's stock valued at $16,885,000 after purchasing an additional 77,471 shares during the last quarter. Institutional investors and hedge funds own 51.59% of the company's stock.

Worthington Enterprises Stock Up 1.4 %

Shares of Worthington Enterprises stock traded up $0.80 during trading on Friday, hitting $58.41. 147,464 shares of the stock were exchanged, compared to its average volume of 217,372. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 10.68 and a beta of 1.39. The firm's 50-day moving average price is $61.27 and its 200 day moving average price is $59.83. Worthington Enterprises, Inc. has a 12-month low of $33.96 and a 12-month high of $69.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.42 and a quick ratio of 2.47.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its quarterly earnings data on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.44). The firm had revenue of $316.76 million for the quarter, compared to analysts' expectations of $326.70 million. Worthington Enterprises had a return on equity of 19.40% and a net margin of 7.12%. Worthington Enterprises's revenue for the quarter was down 8.5% on a year-over-year basis. During the same period last year, the firm posted $1.04 earnings per share.

Analysts Set New Price Targets

Several analysts recently weighed in on WOR shares. The Goldman Sachs Group lifted their target price on shares of Worthington Enterprises from $50.00 to $56.00 and gave the company a "sell" rating in a report on Friday, March 22nd. Canaccord Genuity Group raised their price target on shares of Worthington Enterprises from $56.00 to $64.00 and gave the company a "hold" rating in a research report on Monday, March 25th. Canaccord Genuity Group initiated coverage on shares of Worthington Enterprises in a research report on Tuesday, January 30th. They issued a "hold" rating and a $56.00 price target for the company. Finally, StockNews.com cut shares of Worthington Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $61.00.

Insider Transactions at Worthington Enterprises

In other news, Director Michael J. Endres sold 66,000 shares of Worthington Enterprises stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following the completion of the sale, the director now directly owns 76,689 shares of the company's stock, valued at approximately $4,928,035.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Worthington Enterprises news, Director Ozey K. Horton, Jr. sold 1,000 shares of Worthington Enterprises stock in a transaction on Friday, April 5th. The shares were sold at an average price of $61.34, for a total value of $61,340.00. Following the transaction, the director now directly owns 40,688 shares in the company, valued at $2,495,801.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael J. Endres sold 66,000 shares of Worthington Enterprises stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following the completion of the transaction, the director now owns 76,689 shares in the company, valued at $4,928,035.14. The disclosure for this sale can be found here. In the last three months, insiders sold 68,000 shares of company stock valued at $4,364,750. Insiders own 38.50% of the company's stock.

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.