Worthington Enterprises (NYSE:WOR) Price Target Raised to $50.00 at The Goldman Sachs Group

Worthington Enterprises (NYSE:WOR - Get Free Report) had its price objective upped by The Goldman Sachs Group from $44.00 to $50.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "sell" rating on the industrial products company's stock. The Goldman Sachs Group's price objective points to a potential downside of 21.41% from the stock's current price.

Separately, Canaccord Genuity Group upped their price target on shares of Worthington Enterprises from $69.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $59.00.

Worthington Enterprises Trading Up 0.9%

Shares of NYSE:WOR traded up $0.55 during trading on Thursday, hitting $63.62. 825,795 shares of the company's stock were exchanged, compared to its average volume of 300,759. The firm has a market cap of $3.18 billion, a P/E ratio of 33.31 and a beta of 1.19. The firm has a 50-day moving average price of $57.43 and a two-hundred day moving average price of $47.83. The company has a current ratio of 3.48, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. Worthington Enterprises has a 1-year low of $37.88 and a 1-year high of $70.91.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The industrial products company reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.22. The firm had revenue of $317.88 million for the quarter, compared to analyst estimates of $300.96 million. Worthington Enterprises had a net margin of 8.33% and a return on equity of 16.66%. The business's revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Equities analysts predict that Worthington Enterprises will post 2.67 earnings per share for the current year.

Hedge Funds Weigh In On Worthington Enterprises

Large investors have recently modified their holdings of the business. Quadrant Capital Group LLC increased its stake in shares of Worthington Enterprises by 121.0% in the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after buying an additional 455 shares during the period. Quarry LP bought a new position in Worthington Enterprises during the 1st quarter valued at about $49,000. Anchor Investment Management LLC purchased a new stake in shares of Worthington Enterprises during the 4th quarter valued at about $40,000. State of Wyoming bought a new position in shares of Worthington Enterprises in the fourth quarter worth approximately $51,000. Finally, Summit Securities Group LLC bought a new stake in shares of Worthington Enterprises during the 1st quarter valued at $75,000. Hedge funds and other institutional investors own 51.59% of the company's stock.

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.