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

Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) has been given an average rating of "Moderate Buy" by the four ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $52.33.

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

Worthington Enterprises Trading Down 0.0 %

WOR opened at $58.21 on Friday. The company has a market cap of $2.91 billion, a P/E ratio of 70.13 and a beta of 1.18. The company has a fifty day moving average price of $47.08 and a two-hundred day moving average price of $43.10. The company has a current ratio of 3.56, a quick ratio of 2.50 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 $60.55.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted 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. The business had revenue of $304.52 million for the quarter, compared to the consensus estimate of $289.09 million. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The firm's revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. Analysts predict that Worthington Enterprises will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.17%. Worthington Enterprises's payout ratio is 57.63%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PDS Planning Inc grew its holdings in shares of Worthington Enterprises by 3.1% in the fourth quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company's stock valued at $473,000 after acquiring an additional 356 shares in the last quarter. Victory Capital Management Inc. boosted its position in Worthington Enterprises by 1.3% in the first quarter. Victory Capital Management Inc. now owns 30,188 shares of the industrial products company's stock worth $1,512,000 after purchasing an additional 374 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Worthington Enterprises by 121.0% in the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 455 shares during the period. Itau Unibanco Holding S.A. increased its position in shares of Worthington Enterprises by 41.9% during 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 purchasing an additional 501 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Worthington Enterprises by 23.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company's stock worth $124,000 after purchasing an additional 585 shares during the period. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

About Worthington Enterprises

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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