JPMorgan Chase & Co. Has $7.98 Million Stock Holdings in Worthington Enterprises, Inc. (NYSE:WOR)

JPMorgan Chase & Co. raised its holdings in Worthington Enterprises, Inc. (NYSE:WOR) by 44.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 198,848 shares of the industrial products company’s stock after buying an additional 60,733 shares during the quarter. JPMorgan Chase & Co. owned 0.40% of Worthington Enterprises worth $7,976,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WOR. PDS Planning Inc lifted its stake in shares of Worthington Enterprises by 3.1% in the fourth quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company’s stock valued at $473,000 after buying an additional 356 shares during the period. LPL Financial LLC raised its holdings in Worthington Enterprises by 9.2% in the 4th quarter. LPL Financial LLC now owns 7,396 shares of the industrial products company’s stock valued at $297,000 after acquiring an additional 624 shares in the last quarter. KBC Group NV lifted its position in shares of Worthington Enterprises by 63.7% in the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 724 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Worthington Enterprises by 2.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 30,786 shares of the industrial products company’s stock worth $1,235,000 after purchasing an additional 736 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Worthington Enterprises by 2.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,659 shares of the industrial products company’s stock worth $1,190,000 after purchasing an additional 813 shares in the last quarter. 51.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Canaccord Genuity Group raised their target price on Worthington Enterprises from $49.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday, March 27th. Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group upped their target price on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a “sell” rating in a research note on Thursday, April 3rd. 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. Based on data from MarketBeat.com, Worthington Enterprises presently has an average rating of “Hold” and a consensus price target of $48.00.

Worthington Enterprises Stock Performance

Shares of NYSE:WOR opened at $47.03 on Thursday. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 56.66 and a beta of 1.06. The business’s fifty day moving average price is $44.04 and its two-hundred day moving average price is $41.86. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $60.71. 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) last announced its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.18. The business had revenue of $304.52 million during the quarter, compared to analysts’ expectations of $289.09 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the company posted $0.80 EPS. As a group, analysts predict that Worthington Enterprises, Inc. will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.45%. Worthington Enterprises’s payout ratio is currently 57.63%.

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.