Worthington Enterprises, Inc. (NYSE:WOR) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Worthington Enterprises, Inc. (NYSE:WOR) has received a consensus recommendation of "Moderate Buy" from six rating firms, with a 1-year price target of approximately $62.33.
• Insider activity was notable as Director Michael J. Endres purchased 10,000 shares at an average price of $52.95, boosting his ownership by 11.69%.
• The company recently declared a quarterly dividend of $0.19 per share, with a 1.4% dividend yield and a payout ratio of 35.68%.

Shares of Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $62.3333.

WOR has been the topic of a number of recent research reports. Wall Street Zen raised Worthington Enterprises from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Worthington Enterprises in a research report on Saturday, September 27th. Canaccord Genuity Group lowered their price target on Worthington Enterprises from $81.00 to $73.00 and set a "buy" rating on the stock in a research report on Thursday, September 25th. Zacks Research lowered Worthington Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. Finally, CJS Securities raised Worthington Enterprises from a "market perform" rating to an "outperform" rating and set a $64.00 price target on the stock in a research report on Wednesday, September 24th.

Insider Buying and Selling at Worthington Enterprises

In related news, Director Michael J. Endres purchased 10,000 shares of the stock in a transaction on Thursday, September 25th. The shares were purchased at an average price of $52.95 per share, with a total value of $529,500.00. Following the transaction, the director directly owned 95,524 shares of the company's stock, valued at $5,057,995.80. This trade represents a 11.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in shares of Worthington Enterprises by 693.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company's stock worth $39,000 after purchasing an additional 541 shares during the last quarter. ORG Partners LLC boosted its stake in shares of Worthington Enterprises by 61.0% during the 2nd quarter. ORG Partners LLC now owns 660 shares of the industrial products company's stock worth $43,000 after acquiring an additional 250 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Worthington Enterprises during the 2nd quarter worth approximately $46,000. CWM LLC boosted its stake in shares of Worthington Enterprises by 33.5% during the 2nd quarter. CWM LLC now owns 813 shares of the industrial products company's stock worth $52,000 after acquiring an additional 204 shares during the period. Finally, Quarry LP bought a new position in shares of Worthington Enterprises during the 1st quarter worth approximately $49,000. Institutional investors and hedge funds own 51.59% of the company's stock.

Worthington Enterprises Stock Down 0.4%

Shares of Worthington Enterprises stock opened at $55.43 on Tuesday. The business's 50 day simple moving average is $62.36 and its 200 day simple moving average is $58.49. Worthington Enterprises has a 52-week low of $37.88 and a 52-week high of $70.91. The firm has a market cap of $2.76 billion, a PE ratio of 26.02 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.24 and a current ratio of 3.30.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its earnings results on Tuesday, September 23rd. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.04. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.91%.The business had revenue of $303.70 million for the quarter, compared to analyst estimates of $291.84 million. During the same quarter last year, the firm earned $0.50 EPS. Worthington Enterprises's revenue for the quarter was up 18.0% compared to the same quarter last year. On average, analysts predict that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.4%. Worthington Enterprises's payout ratio is 35.68%.

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.

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