Worthington Enterprises (NYSE:WOR) Given New $44.00 Price Target at The Goldman Sachs Group

Worthington Enterprises (NYSE:WOR) had its price target raised by stock analysts at The Goldman Sachs Group from $39.00 to $44.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the industrial products company’s stock. The Goldman Sachs Group’s price objective suggests a potential downside of 8.85% from the company’s current price.

Several other equities analysts have also recently weighed in on WOR. Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group lifted their price objective on shares of Worthington Enterprises from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Thursday, March 27th. One research 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $48.00.

Worthington Enterprises Trading Down 5.3 %

Worthington Enterprises stock traded down $2.71 during mid-day trading on Thursday, hitting $48.27. The stock had a trading volume of 173,237 shares, compared to its average volume of 294,193. 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 12 month low of $37.88 and a 12 month high of $62.20. The stock has a market capitalization of $2.42 billion, a PE ratio of 58.16 and a beta of 1.21. The stock has a 50-day simple moving average of $42.89 and a two-hundred day simple moving average of $41.62.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The business had revenue of $304.52 million during the quarter, compared to analysts’ expectations of $289.09 million. During the same quarter in the prior year, the company earned $0.80 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that Worthington Enterprises will post 2.67 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC bought a new position in shares of Worthington Enterprises during the 4th quarter worth approximately $478,000. Amundi raised its position in Worthington Enterprises by 170.3% in the fourth quarter. Amundi now owns 15,777 shares of the industrial products company’s stock worth $625,000 after acquiring an additional 9,941 shares during the period. Geode Capital Management LLC boosted its stake in Worthington Enterprises by 3.3% in the third quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company’s stock valued at $33,739,000 after acquiring an additional 25,824 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Worthington Enterprises by 90.7% during the 3rd 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. Finally, Verition Fund Management LLC purchased a new position in Worthington Enterprises in the third quarter valued at approximately $1,014,000. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Company 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.