Worthington Enterprises, Inc. (NYSE:WOR) Receives Average Rating of “Hold” from Analysts

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have received an average rating of “Hold” from the four brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $48.00.

Several research firms have recently commented on WOR. Canaccord Genuity Group raised their target price on shares of Worthington Enterprises from $49.00 to $54.00 and gave the stock a “hold” rating in a research note on Thursday, March 27th. The Goldman Sachs Group raised their price objective on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a “sell” rating in a research report on Thursday, April 3rd. Finally, Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th.

Institutional Trading of Worthington Enterprises

Several large investors have recently bought and sold shares of WOR. Quadrant Capital Group LLC boosted its position in shares of 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 buying an additional 455 shares in the last quarter. Anchor Investment Management LLC acquired a new position in Worthington Enterprises during the fourth quarter worth about $40,000. State of Wyoming acquired a new stake in shares of Worthington Enterprises in the fourth quarter valued at approximately $51,000. Itau Unibanco Holding S.A. increased its stake in shares of Worthington Enterprises by 41.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 501 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Worthington Enterprises by 63.7% during the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 724 shares during the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Stock Performance

Shares of WOR stock opened at $47.50 on Tuesday. The stock’s 50-day moving average price is $43.81 and its 200 day moving average price is $41.79. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $2.38 billion, a PE ratio of 57.23 and a beta of 1.06. Worthington Enterprises has a 52-week low of $37.88 and a 52-week high of $60.71.

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

Worthington Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.43%. Worthington Enterprises’s dividend payout ratio is presently 57.63%.

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.