Worthington Enterprises, Inc. (NYSE:WOR) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 90.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,115 shares of the industrial products company’s stock after acquiring an additional 65,685 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.27% of Worthington Enterprises worth $5,725,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WOR. Geode Capital Management LLC raised its position in shares of Worthington Enterprises by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company’s stock worth $33,739,000 after purchasing an additional 25,824 shares during the period. American Century Companies Inc. increased its position in Worthington Enterprises by 43.7% in the second quarter. American Century Companies Inc. now owns 568,678 shares of the industrial products company’s stock worth $26,916,000 after buying an additional 172,850 shares during the period. Charles Schwab Investment Management Inc. increased its position in Worthington Enterprises by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 493,280 shares of the industrial products company’s stock worth $20,446,000 after buying an additional 18,480 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Worthington Enterprises by 19.1% during the second quarter. Envestnet Asset Management Inc. now owns 155,291 shares of the industrial products company’s stock valued at $7,350,000 after acquiring an additional 24,885 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Worthington Enterprises by 24.8% during the third quarter. Barclays PLC now owns 128,158 shares of the industrial products company’s stock valued at $5,312,000 after acquiring an additional 25,453 shares during the period. Institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Stock Performance

WOR stock opened at $41.84 on Friday. The company has a market capitalization of $2.10 billion, a P/E ratio of 50.42 and a beta of 1.25. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $40.53 and a 200 day simple moving average of $42.79. 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 posted its quarterly earnings data on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The business had revenue of $274.05 million during the quarter, compared to analysts’ expectations of $273.77 million. During the same period last year, the firm posted $0.78 earnings per share. The business’s revenue was down 8.1% on a year-over-year basis.

Worthington Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.63%. Worthington Enterprises’s dividend payout ratio is presently 81.93%.

Wall Street Analyst Weigh In

Several research firms have commented on WOR. StockNews.com upgraded shares of Worthington Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. Canaccord Genuity Group reduced their price objective on Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, September 26th. Finally, Canaccord Genuity Group raised their target price on Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, December 19th.

Worthington Enterprises Company 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.