Worthington Enterprises (NYSE:WOR) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Worthington Enterprises shares crossed above their 200-day moving average, reaching $63.14 and last trading near $62.55 versus the $56.62 average.
• Analyst sentiment is mixed but leans positive: the stock has a “Moderate Buy” consensus rating and a $75 price target, while Canaccord Genuity raised its target to $75 and Wall Street Zen downgraded the shares to “Hold.”
• The company reported quarterly EPS of $0.82, beating estimates by $0.07, while revenue rose 13.2% year over year to $343.89 million. Worthington also declared a $0.20 quarterly dividend, equal to a 1.3% yield.

Shares of Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $56.62 and traded as high as $63.14. Worthington Enterprises shares last traded at $62.5460, with a volume of 304,371 shares.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of Worthington Enterprises from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday. Wall Street Zen cut Worthington Enterprises from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. Finally, Canaccord Genuity Group upped their target price on Worthington Enterprises from $67.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, September 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.

Worthington Enterprises Trading Up 0.2%

The company has a debt-to-equity ratio of 0.29, a current ratio of 2.67 and a quick ratio of 1.53. The business's 50-day moving average price is $58.95 and its two-hundred day moving average price is $56.62. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 18.90 and a beta of 1.29.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its quarterly earnings results on Tuesday, September 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.07. Worthington Enterprises had a return on equity of 16.71% and a net margin of 11.50%. The business had revenue of $343.89 million for the quarter, compared to the consensus estimate of $331.26 million. During the same quarter in the prior year, the business posted $0.74 earnings per share. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. Research analysts predict that Worthington Enterprises, Inc. will post 3.80 earnings per share for the current year.

Worthington Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, December 15th. Worthington Enterprises's dividend payout ratio is 24.17%.

Insider Activity

In related news, major shareholder John McConnell sold 42,491 shares of the firm's stock in a transaction on Monday, September 28th. The stock was sold at an average price of $60.43, for a total value of $2,567,731.13. Following the transaction, the insider owned 1,335,648 shares in the company, valued at approximately $80,713,208.64. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in Worthington Enterprises by 307.1% during the third quarter. Farther Finance Advisors LLC now owns 4,482 shares of the industrial products company's stock worth $267,000 after purchasing an additional 3,381 shares during the last quarter. Venture Visionary Partners LLC acquired a new stake in shares of Worthington Enterprises in the 3rd quarter valued at $253,000. Security National Bank of SO Dak bought a new position in shares of Worthington Enterprises in the 2nd quarter valued at $177,000. WINTON GROUP Ltd bought a new position in shares of Worthington Enterprises in the 2nd quarter valued at $308,000. Finally, Nykredit A S bought a new position in shares of Worthington Enterprises in the 2nd quarter valued at $30,000. 51.59% of the stock is owned by institutional investors.

About Worthington Enterprises

Worthington Enterprises, Inc is a diversified manufacturer of consumer and building products headquartered in Columbus, Ohio. The company was established as part of the separation of Worthington Industries' steel-processing business, which became Worthington Steel in 2023. Worthington Enterprises retained the company's consumer-focused and building-products operations.

The company's Consumer Products segment develops and sells products for the home, outdoor living, and related markets.

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