5,995 Shares in Worthington Enterprises, Inc. (NYSE:WOR) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new stake in shares of Worthington Enterprises, Inc. (NYSE:WOR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,995 shares of the industrial products company’s stock, valued at approximately $240,000.

A number of other large investors have also added to or reduced their stakes in WOR. Pacer Advisors Inc. boosted its stake in Worthington Enterprises by 9.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company’s stock valued at $71,032,000 after acquiring an additional 156,762 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Worthington Enterprises by 187.9% in the 4th quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company’s stock worth $8,114,000 after purchasing an additional 132,040 shares during the period. Lord Abbett & CO. LLC bought a new position in Worthington Enterprises during the third quarter valued at $3,663,000. American Century Companies Inc. increased its position in Worthington Enterprises by 11.5% in the fourth quarter. American Century Companies Inc. now owns 662,149 shares of the industrial products company’s stock worth $26,559,000 after buying an additional 68,363 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Worthington Enterprises by 90.7% in the third quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company’s stock valued at $5,725,000 after buying an additional 65,685 shares during the period. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Price Performance

Worthington Enterprises stock opened at $50.44 on Friday. The firm has a market capitalization of $2.52 billion, a P/E ratio of 60.77 and a beta of 1.21. Worthington Enterprises, Inc. has a one year low of $37.88 and a one year high of $62.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50. The business has a fifty day moving average price of $42.39 and a 200-day moving average price of $41.50.

Worthington Enterprises (NYSE:WOR) last issued its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. The business had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. As a group, equities research analysts forecast that Worthington Enterprises, Inc. will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.35%. Worthington Enterprises’s dividend payout ratio (DPR) is currently 57.63%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Canaccord Genuity Group increased their price target on Worthington Enterprises from $49.00 to $54.00 and gave the stock a “hold” rating in a research note on Thursday. Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Worthington Enterprises presently has a consensus rating of “Hold” and an average target price of $47.67.

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.