Worthington Enterprises (NYSE:WOR) Price Target Raised to $54.00 at Canaccord Genuity Group

Worthington Enterprises (NYSE:WOR) had its price objective boosted by equities research analysts at Canaccord Genuity Group from $49.00 to $54.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the industrial products company’s stock. Canaccord Genuity Group’s target price points to a potential upside of 6.44% from the company’s current price.

Separately, Seaport Res Ptn upgraded shares of Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.67.

Worthington Enterprises Price Performance

NYSE:WOR traded down $0.79 during midday trading on Thursday, hitting $50.74. 190,526 shares of the stock were exchanged, compared to its average volume of 276,074. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 60.60 and a beta of 1.21. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. Worthington Enterprises has a one year low of $37.88 and a one year high of $62.86. The business has a 50-day moving average price of $42.02 and a two-hundred day moving average price of $41.38.

Worthington Enterprises (NYSE:WOR) last announced its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 14.70% and a net margin of 3.66%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.80 earnings per share. Sell-side analysts predict that Worthington Enterprises will post 2.67 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake in Worthington Enterprises by 121.0% in the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 455 shares during the period. Anchor Investment Management LLC purchased a new stake in shares of Worthington Enterprises in the fourth quarter valued at $40,000. State of Wyoming acquired a new stake in shares of Worthington Enterprises in the fourth quarter worth $51,000. Itau Unibanco Holding S.A. grew its holdings in shares of Worthington Enterprises by 41.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company’s stock valued at $68,000 after buying an additional 501 shares in the last quarter. Finally, KBC Group NV raised its position in Worthington Enterprises by 63.7% during the fourth quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock valued at $75,000 after buying an additional 724 shares during the period. 51.59% of the stock is owned by hedge funds and other institutional investors.

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.