Worthington Enterprises (NYSE:WOR - Get Free Report) had its target price lifted by investment analysts at The Goldman Sachs Group from $44.00 to $50.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "sell" rating on the industrial products company's stock. The Goldman Sachs Group's target price would suggest a potential downside of 19.59% from the stock's current price.
Separately, Canaccord Genuity Group boosted their price objective on shares of Worthington Enterprises from $69.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Worthington Enterprises currently has a consensus rating of "Hold" and an average target price of $59.00.
Read Our Latest Report on WOR
Worthington Enterprises Stock Up 1.4%
Worthington Enterprises stock traded up $0.84 during mid-day trading on Thursday, hitting $62.19. The company had a trading volume of 165,929 shares, compared to its average volume of 306,601. The company has a quick ratio of 2.60, a current ratio of 3.51 and a debt-to-equity ratio of 0.31. Worthington Enterprises has a 1 year low of $37.88 and a 1 year high of $70.91. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 32.53 and a beta of 1.19. The business has a fifty day moving average of $56.79 and a 200 day moving average of $47.48.
Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The industrial products company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.22. Worthington Enterprises had a return on equity of 16.75% and a net margin of 8.33%. The company had revenue of $317.88 million during the quarter, compared to analysts' expectations of $300.96 million. During the same period last year, the firm earned $0.74 EPS. The firm's revenue for the quarter was down .3% on a year-over-year basis. On average, sell-side analysts expect that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Worthington Enterprises
A number of hedge funds and other institutional investors have recently made changes to their positions in WOR. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Worthington Enterprises during the 1st quarter valued at about $11,769,000. American Century Companies Inc. increased its position in Worthington Enterprises by 24.1% during the first quarter. American Century Companies Inc. now owns 821,947 shares of the industrial products company's stock worth $41,171,000 after purchasing an additional 159,798 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Worthington Enterprises by 236.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 222,281 shares of the industrial products company's stock worth $8,916,000 after purchasing an additional 156,173 shares during the last quarter. Fisher Asset Management LLC raised its stake in 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 during the period. Finally, Millennium Management LLC boosted 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 valued at $17,656,000 after purchasing an additional 124,867 shares during the last quarter. Hedge funds and other institutional investors own 51.59% of the company's stock.
About Worthington Enterprises
(
Get Free Report)
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.
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