Frazier Financial Advisors LLC Has $295,000 Stake in Worthington Enterprises, Inc. (NYSE:WOR)

Frazier Financial Advisors LLC reduced its holdings in shares of Worthington Enterprises, Inc. (NYSE:WOR) by 25.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,374 shares of the industrial products company’s stock after selling 2,472 shares during the period. Frazier Financial Advisors LLC’s holdings in Worthington Enterprises were worth $295,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caisse Des Depots ET Consignations bought a new stake in shares of Worthington Enterprises in the 4th quarter valued at approximately $465,000. JPMorgan Chase & Co. grew its position in Worthington Enterprises by 44.0% in the fourth quarter. JPMorgan Chase & Co. now owns 198,848 shares of the industrial products company’s stock valued at $7,976,000 after acquiring an additional 60,733 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Worthington Enterprises by 34.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,952 shares of the industrial products company’s stock worth $396,000 after acquiring an additional 2,540 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Worthington Enterprises in the 4th quarter valued at $240,000. Finally, LPL Financial LLC raised its stake in shares of Worthington Enterprises by 9.2% in the fourth 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 during the last quarter. Institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Trading Up 0.3 %

NYSE:WOR opened at $51.67 on Friday. 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’s 50-day simple moving average is $42.22 and its 200-day simple moving average is $41.45. Worthington Enterprises, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $62.86. The stock has a market capitalization of $2.59 billion, a PE ratio of 62.25 and a beta of 1.21.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.73 by $0.18. The business had revenue of $304.52 million for 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 was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. Sell-side analysts expect that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. Worthington Enterprises’s dividend payout ratio (DPR) is currently 57.63%.

Analyst Ratings Changes

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