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

Shares of Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the four brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $59.00.

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of Worthington Enterprises from $69.00 to $81.00 and gave the company a "buy" rating in a research report on Thursday. The Goldman Sachs Group increased their price target on Worthington Enterprises from $44.00 to $50.00 and gave the company a "sell" rating in a report on Thursday.

Worthington Enterprises Stock Down 0.0%

NYSE:WOR traded down $0.02 during trading hours on Friday, hitting $63.79. The stock had a trading volume of 274,708 shares, compared to its average volume of 300,655. 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. The business has a 50 day simple moving average of $57.43 and a two-hundred day simple moving average of $47.83. The company has a market cap of $3.18 billion, a PE ratio of 33.40 and a beta of 1.19.

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

Worthington Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.19 per share. This is a positive change from Worthington Enterprises's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.19%. Worthington Enterprises's dividend payout ratio (DPR) is currently 57.63%.

Institutional Investors Weigh In On Worthington Enterprises

A number of institutional investors have recently modified their holdings of WOR. Hotchkis & Wiley Capital Management LLC acquired a new position in Worthington Enterprises in the first quarter worth about $11,769,000. American Century Companies Inc. lifted its holdings in Worthington Enterprises by 24.1% during the 1st quarter. American Century Companies Inc. now owns 821,947 shares of the industrial products company's stock worth $41,171,000 after buying an additional 159,798 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Worthington Enterprises by 236.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 222,281 shares of the industrial products company's stock worth $8,916,000 after acquiring an additional 156,173 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Worthington Enterprises by 187.9% in the 4th quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company's stock valued at $8,114,000 after acquiring an additional 132,040 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Worthington Enterprises by 54.9% in the 1st quarter. Millennium Management LLC now owns 352,486 shares of the industrial products company's stock valued at $17,656,000 after acquiring an additional 124,867 shares during the last quarter. Institutional investors and hedge funds 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.