Brokerages Set Worthington Enterprises, Inc. (NYSE:WOR) Price Target at $61.00

Shares of Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) have received an average rating of "Reduce" from the four analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $61.00.

A number of brokerages have commented on WOR. Canaccord Genuity Group increased their target price on Worthington Enterprises from $56.00 to $64.00 and gave the company a "hold" rating in a report on Monday, March 25th. Canaccord Genuity Group began coverage on Worthington Enterprises in a report on Tuesday, January 30th. They set a "hold" rating and a $56.00 target price for the company. StockNews.com cut Worthington Enterprises from a "buy" rating to a "hold" rating in a report on Friday, March 22nd. Finally, The Goldman Sachs Group increased their price target on Worthington Enterprises from $50.00 to $56.00 and gave the company a "sell" rating in a report on Friday, March 22nd.

Insider Activity at Worthington Enterprises

In related news, Director Ozey K. Horton, Jr. sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.25, for a total value of $62,250.00. Following the completion of the sale, the director now owns 41,688 shares of the company's stock, valued at $2,595,078. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Ozey K. Horton, Jr. sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.25, for a total value of $62,250.00. Following the completion of the transaction, the director now directly owns 41,688 shares in the company, valued at $2,595,078. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael J. Endres sold 66,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $64.26, for a total value of $4,241,160.00. Following the completion of the transaction, the director now owns 76,689 shares of the company's stock, valued at $4,928,035.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,000 shares of company stock valued at $4,364,750. 38.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Quadrature Capital Ltd purchased a new position in shares of Worthington Enterprises during the fourth quarter worth $248,000. Vanguard Group Inc. boosted its position in shares of Worthington Enterprises by 6.6% during the fourth quarter. Vanguard Group Inc. now owns 3,901,794 shares of the industrial products company's stock worth $224,548,000 after buying an additional 242,833 shares during the period. Fisher Asset Management LLC boosted its position in shares of Worthington Enterprises by 7.5% during the fourth quarter. Fisher Asset Management LLC now owns 87,186 shares of the industrial products company's stock worth $5,018,000 after buying an additional 6,073 shares during the period. Gerber LLC purchased a new position in shares of Worthington Enterprises during the fourth quarter worth $1,856,000. Finally, Wellington Management Group LLP boosted its position in shares of Worthington Enterprises by 8.2% during the fourth quarter. Wellington Management Group LLP now owns 75,178 shares of the industrial products company's stock worth $4,326,000 after buying an additional 5,706 shares during the period. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Worthington Enterprises Price Performance

NYSE WOR traded down $0.91 during trading hours on Friday, reaching $58.38. The company's stock had a trading volume of 190,506 shares, compared to its average volume of 352,779. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 10.67 and a beta of 1.39. Worthington Enterprises has a 1-year low of $33.96 and a 1-year high of $69.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.42 and a quick ratio of 2.47. The company's 50-day moving average is $61.65 and its two-hundred day moving average is $60.10.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its earnings results on Wednesday, March 20th. The industrial products company reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $1.24 by ($0.44). Worthington Enterprises had a net margin of 7.12% and a return on equity of 19.40%. The firm had revenue of $316.76 million for the quarter, compared to analyst estimates of $326.70 million. During the same period in the previous year, the company earned $1.04 EPS. Worthington Enterprises's revenue was down 8.5% compared to the same quarter last year.

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.