Brokerages Set Worthington Enterprises, Inc. (NYSE:WOR) Target Price at $52.33

Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) has earned an average recommendation of "Moderate Buy" from the four brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $52.33.

Several analysts recently commented on the company. The Goldman Sachs Group raised their price objective on Worthington Enterprises from $39.00 to $44.00 and gave the stock a "sell" rating in a research note on Thursday, April 3rd. Seaport Res Ptn raised Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Canaccord Genuity Group upgraded shares of Worthington Enterprises from a "hold" rating to a "buy" rating and upped their price target for the company from $54.00 to $67.00 in a research report on Monday, May 5th.

Institutional Investors Weigh In On Worthington Enterprises

A number of institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC increased its position in shares of Worthington Enterprises by 121.0% during the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after acquiring an additional 455 shares during the period. Anchor Investment Management LLC acquired a new position in shares of Worthington Enterprises in the 4th quarter worth approximately $40,000. State of Wyoming purchased a new stake in shares of Worthington Enterprises in the 4th quarter valued at approximately $51,000. Itau Unibanco Holding S.A. grew its position in shares of Worthington Enterprises by 41.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock valued at $68,000 after buying an additional 501 shares during the last quarter. Finally, KBC Group NV boosted its stake in Worthington Enterprises by 63.7% during the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company's stock worth $75,000 after purchasing an additional 724 shares during the period. Hedge funds and other institutional investors own 51.59% of the company's stock.

Worthington Enterprises Stock Performance

Shares of NYSE WOR traded down $0.41 during mid-day trading on Friday, hitting $59.13. The company had a trading volume of 40,785 shares, compared to its average volume of 309,380. Worthington Enterprises has a 12 month low of $37.88 and a 12 month high of $61.71. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 71.24 and a beta of 1.18. The firm's 50 day simple moving average is $47.91 and its two-hundred day simple moving average is $43.44. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company had revenue of $304.52 million during the quarter, compared to analysts' expectations of $289.09 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business's quarterly revenue was down 3.9% compared to the same quarter last year. As a group, equities research analysts forecast that Worthington Enterprises will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.15%. Worthington Enterprises's dividend payout ratio is currently 57.63%.

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.