Worthington Industries Acquires Elgen Manufacturing for $93M

The latest announcement is out from Worthington Industries ( (WOR) ).

On June 19, 2025, Worthington Enterprises announced its acquisition of Elgen Manufacturing, a leading provider of HVAC parts and components, for approximately $93 million. This strategic acquisition, funded from existing cash, is expected to create synergies and growth opportunities within Worthington’s Building Products segment, enhancing its market position in the HVAC infrastructure sector and providing operational efficiencies and value for Elgen’s customers.

The most recent analyst rating on (WOR) stock is a Sell with a $43.00 price target. To see the full list of analyst forecasts on Worthington Industries stock, see the WOR Stock Forecast page.

Spark’s Take on WOR Stock

According to Spark, TipRanks’ AI Analyst, WOR is a Outperform.

Worthington Industries benefits from strong operational efficiency and cash flow generation, supported by positive earnings call insights including innovation and strategic growth. However, a high P/E ratio suggests overvaluation, and revenue decline poses a challenge. Technical indicators are favorable, adding to the potential positive outlook.

To see Spark’s full report on WOR stock, click here.

More about Worthington Industries

Worthington Enterprises, headquartered in Columbus, Ohio, is a designer and manufacturer of market-leading brands that enhance everyday life by improving spaces and experiences. The company operates in two primary segments: Building Products, which includes solutions for heating, cooling, and construction, and Consumer Products, which covers tools and outdoor living. Worthington Enterprises employs around 6,000 people across North America and Europe and is known for its people-first philosophy and community engagement.

Average Trading Volume: 371,141

Technical Sentiment Signal: Buy

Current Market Cap: $2.94B

See more data about WOR stock on TipRanks’ Stock Analysis page.