Worthington Enterprises (NYSE:WOR) Price Target Raised to $81.00 at Canaccord Genuity Group

Worthington Enterprises (NYSE:WOR) had its price objective raised by investment analysts at Canaccord Genuity Group from $69.00 to $81.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Canaccord Genuity Group’s price objective suggests a potential upside of 32.53% from the stock’s current price.

Separately, The Goldman Sachs Group upped their target price on shares of Worthington Enterprises from $39.00 to $44.00 and gave the stock a “sell” rating in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Worthington Enterprises presently has a consensus rating of “Hold” and a consensus target price of $57.00.

Worthington Enterprises Stock Performance

NYSE WOR opened at $61.12 on Thursday. The stock has a market cap of $3.05 billion, a PE ratio of 32.00 and a beta of 1.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.60 and a current ratio of 3.51. The firm’s fifty day moving average price is $56.51 and its two-hundred day moving average price is $47.38. Worthington Enterprises has a fifty-two week low of $37.88 and a fifty-two week high of $70.91.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings data on Tuesday, June 24th. The industrial products company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.22. Worthington Enterprises had a net margin of 8.33% and a return on equity of 16.75%. The company had revenue of $317.88 million during the quarter, compared to analysts’ expectations of $300.96 million. During the same period in the prior year, the company posted $0.74 earnings per share. Worthington Enterprises’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities analysts expect that Worthington Enterprises will post 2.67 EPS for the current fiscal year.

Institutional Trading of Worthington Enterprises

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Worthington Enterprises in the first quarter worth $11,769,000. American Century Companies Inc. increased its stake in Worthington Enterprises by 24.1% in the 1st quarter. American Century Companies Inc. now owns 821,947 shares of the industrial products company’s stock worth $41,171,000 after acquiring an additional 159,798 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Worthington Enterprises by 236.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 222,281 shares of the industrial products company’s stock valued at $8,916,000 after acquiring an additional 156,173 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Worthington Enterprises by 187.9% during the fourth quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company’s stock worth $8,114,000 after purchasing an additional 132,040 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Worthington Enterprises by 54.9% in the 1st quarter. Millennium Management LLC now owns 352,486 shares of the industrial products company’s stock worth $17,656,000 after buying an additional 124,867 shares during the last quarter. Institutional investors own 51.59% of the company’s stock.

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.