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

Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the four brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $52.33.

WOR has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on Worthington Enterprises from $39.00 to $44.00 and gave the stock a "sell" rating in a report on Thursday, April 3rd. Canaccord Genuity Group raised Worthington Enterprises from a "hold" rating to a "buy" rating and lifted their target price for the stock from $54.00 to $67.00 in a report on Monday, May 5th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in Worthington Enterprises during the 1st quarter worth approximately $496,000. Belpointe Asset Management LLC acquired a new position in Worthington Enterprises during the 1st quarter worth approximately $211,000. Goldman Sachs Group Inc. raised its stake in Worthington Enterprises by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 222,461 shares of the industrial products company's stock worth $11,143,000 after buying an additional 7,575 shares during the period. Millennium Management LLC raised its stake in Worthington Enterprises by 54.9% during the 1st quarter. Millennium Management LLC now owns 352,486 shares of the industrial products company's stock worth $17,656,000 after buying an additional 124,867 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Worthington Enterprises by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,704 shares of the industrial products company's stock worth $937,000 after buying an additional 793 shares during the period. 51.59% of the stock is owned by institutional investors and hedge funds.

Worthington Enterprises Price Performance

NYSE:WOR traded down $0.31 during trading hours on Wednesday, reaching $59.28. 161,231 shares of the company were exchanged, compared to its average volume of 311,112. The company has a market capitalization of $2.96 billion, a P/E ratio of 71.42 and a beta of 1.18. Worthington Enterprises has a 1-year low of $37.88 and a 1-year high of $61.71. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50. The business has a 50 day moving average of $52.88 and a 200 day moving average of $45.37.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. The firm 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 company's revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. Research analysts forecast that Worthington Enterprises will post 2.67 EPS for the current year.

Worthington Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.15%. Worthington Enterprises's dividend payout ratio (DPR) is presently 57.63%.

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.