Worthington Enterprises (NYSE:WOR) Reaches New 12-Month High on Better-Than-Expected Earnings

Key Points

• Worthington Enterprises beat quarterly expectations: EPS was $0.82 versus the $0.75 consensus, while revenue rose 13.2% year over year to $343.9 million, above the $331.3 million forecast.
• The earnings and sales results pushed shares to a new 52-week high of $67.54, with the stock later trading around $60.83.
• The company declared a quarterly dividend of $0.20 per share, equivalent to $0.80 annually and an approximate 1.3% yield; analysts maintain a “Moderate Buy” consensus with a $65.50 price target.

Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) shares reached a new 52-week high on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $67.54 and last traded at $60.8270, with a volume of 470912 shares changing hands. The stock had previously closed at $58.94.

The industrial products company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.07. The firm had revenue of $343.89 million for the quarter, compared to analyst estimates of $331.26 million. Worthington Enterprises had a net margin of 11.30% and a return on equity of 16.79%. The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 earnings per share.

Worthington Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. Worthington Enterprises's dividend payout ratio (DPR) is presently 25.48%.

Worthington Enterprises News Summary

Here are the key news stories impacting Worthington Enterprises this week:

• Positive Sentiment: Worthington Enterprises reported quarterly earnings of $0.82 per share, up from $0.74 a year earlier and above the $0.74–$0.75 consensus estimates. Revenue rose 13.2% year over year to $343.9 million, surpassing analysts’ $331.3 million forecast. The earnings and sales beat drove the stock’s advance. Worthington Enterprises Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Investor coverage characterized the quarter as strong, with reports highlighting higher sales and profit and identifying WOR as one of the day’s notable stock movers. The company posted a 16.79% return on equity and an 11.30% net margin, supporting the positive reaction. Worthington Shares Surge on Higher Sales, Profit
• Positive Sentiment: The board declared a quarterly dividend of $0.20 per share, payable December 29, 2026, to shareholders of record December 15. The dividend represents an annualized payout of approximately $0.80 per share and a yield of about 1.4%, adding shareholder-return support. Worthington Enterprises Declares Quarterly Dividend
• Neutral Sentiment: Worthington Enterprises also recognized three retiring directors. The leadership transition has not been reported as affecting the company’s earnings outlook. Dividend and Director Announcement

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WOR. Wall Street Zen cut Worthington Enterprises from a "buy" rating to a "hold" rating in a research report on Saturday, June 27th. Canaccord Genuity Group dropped their price target on Worthington Enterprises from $69.00 to $67.00 and set a "buy" rating on the stock in a research note on Thursday, June 25th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Worthington Enterprises in a report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.50.

Insider Activity

In related news, major shareholder John McConnell sold 17,625 shares of the company's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $53.04, for a total value of $934,830.00. Following the transaction, the insider directly owned 1,335,648 shares in the company, valued at approximately $70,842,769.92. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.50% of the company's stock.

Institutional Investors Weigh In On Worthington Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Security National Bank of SO Dak bought a new position in Worthington Enterprises during the 2nd quarter worth $177,000. WINTON GROUP Ltd acquired a new position in Worthington Enterprises during the second quarter valued at approximately $308,000. Nykredit A S acquired a new position in Worthington Enterprises during the second quarter valued at approximately $30,000. VELA Investment Management LLC lifted its stake in Worthington Enterprises by 5.1% during the second quarter. VELA Investment Management LLC now owns 222,561 shares of the industrial products company's stock worth $11,965,000 after purchasing an additional 10,760 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Worthington Enterprises during the 2nd quarter worth $1,115,000. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Worthington Enterprises Trading Up 2.1%

The firm has a 50-day moving average of $57.56 and a two-hundred day moving average of $55.47. The firm has a market capitalization of $2.94 billion, a P/E ratio of 19.41 and a beta of 1.30. The company has a current ratio of 2.37, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30.

Worthington Enterprises Company Profile

Worthington Enterprises, Inc NYSE: WOR is a diversified manufacturer and branded products company focused primarily on consumer and building-product markets. The company develops, manufactures and markets products used by consumers, contractors and other professional customers.

Its consumer products activities include outdoor living, lawn and garden, tools and related products. Its portfolio has included brands such as Bernzomatic, Balloon Time, Mag-Torch and General Tools, although its product portfolio may change as the company manages its businesses and brands.

Worthington Enterprises also participates in the building-products industry, supplying products used in commercial and residential construction.

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