Bank of New York Mellon Corp lifted its position in shares of Worthington Enterprises, Inc. (NYSE:WOR - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 414,546 shares of the industrial products company's stock after acquiring an additional 14,328 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.83% of Worthington Enterprises worth $16,627,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of WOR. Pacer Advisors Inc. lifted its holdings in Worthington Enterprises by 9.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company's stock worth $71,032,000 after buying an additional 156,762 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Worthington Enterprises in the 3rd quarter valued at about $3,663,000. JPMorgan Chase & Co. lifted its stake in shares of Worthington Enterprises by 90.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company's stock valued at $5,725,000 after purchasing an additional 65,685 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Worthington Enterprises in the 3rd quarter valued at about $1,764,000. Finally, Jane Street Group LLC lifted its stake in shares of Worthington Enterprises by 98.9% in the 3rd quarter. Jane Street Group LLC now owns 79,464 shares of the industrial products company's stock valued at $3,294,000 after purchasing an additional 39,507 shares during the period. 51.59% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently issued reports on WOR. Canaccord Genuity Group boosted their price objective 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 raised Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $46.00.
Read Our Latest Research Report on Worthington Enterprises
Worthington Enterprises Stock Performance
Shares of Worthington Enterprises stock opened at $41.62 on Wednesday. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $69.96. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 50.15 and a beta of 1.21. The business has a 50-day simple moving average of $41.65 and a 200 day simple moving average of $41.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50.
Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share for the quarter, topping 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 firm had revenue of $274.05 million for the quarter, compared to the consensus estimate of $273.77 million. During the same quarter in the previous year, the business earned $0.78 EPS. The company's revenue was down 8.1% compared to the same quarter last year. On average, research analysts anticipate that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.
Worthington Enterprises Dividend Announcement
The firm also recently announced 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. The ex-dividend date is Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.63%. Worthington Enterprises's payout ratio is presently 81.93%.
About Worthington Enterprises
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding WOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Worthington Enterprises, Inc. (NYSE:WOR - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Worthington Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Worthington Enterprises wasn't on the list.
While Worthington Enterprises currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
