Park National Corp OH Has $442,000 Stock Position in Worthington Enterprises, Inc. (NYSE:WOR)

Park National Corp OH lowered its stake in Worthington Enterprises, Inc. (NYSE:WOR) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,017 shares of the industrial products company’s stock after selling 967 shares during the period. Park National Corp OH’s holdings in Worthington Enterprises were worth $442,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WOR. American Century Companies Inc. raised its position in shares of Worthington Enterprises by 43.7% in the 2nd quarter. American Century Companies Inc. now owns 568,678 shares of the industrial products company’s stock valued at $26,916,000 after buying an additional 172,850 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Worthington Enterprises during the third quarter valued at approximately $3,663,000. JPMorgan Chase & Co. lifted its stake in Worthington Enterprises by 90.7% during the third quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company’s stock worth $5,725,000 after purchasing an additional 65,685 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Worthington Enterprises during the second quarter worth $3,060,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Worthington Enterprises in the 3rd quarter valued at $1,764,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Insider Buying and Selling at Worthington Enterprises

In other Worthington Enterprises news, CFO Joseph B. Hayek acquired 2,500 shares of Worthington Enterprises stock in a transaction that occurred on Friday, October 11th. The shares were bought at an average price of $40.21 per share, with a total value of $100,525.00. Following the completion of the purchase, the chief financial officer now directly owns 168,875 shares in the company, valued at $6,790,463.75. This trade represents a 1.50 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 37.50% of the company’s stock.

Wall Street Analyst Weigh In

WOR has been the subject of a number of research analyst reports. StockNews.com upgraded Worthington Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. Canaccord Genuity Group dropped their target price on shares of Worthington Enterprises from $52.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, September 26th. Finally, Canaccord Genuity Group raised their price target on shares of Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, December 19th.

Worthington Enterprises Trading Down 0.8 %

NYSE WOR opened at $39.52 on Thursday. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 52.00 and a beta of 1.25. Worthington Enterprises, Inc. has a twelve month low of $37.88 and a twelve month high of $69.96. The company has a quick ratio of 2.34, a current ratio of 3.47 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average is $40.44 and its 200 day moving average is $43.11.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings results on Tuesday, December 17th. The industrial products company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Worthington Enterprises had a return on equity of 12.23% and a net margin of 1.96%. The firm had revenue of $274.05 million for the quarter, compared to analyst estimates of $273.77 million. During the same period last year, the firm posted $0.78 earnings per share. The business’s revenue for the quarter was down 8.1% on a year-over-year basis.

Worthington Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.72%. Worthington Enterprises’s payout ratio is 81.93%.

About Worthington Enterprises

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.