Worthington Enterprises, Inc. (NYSE:WOR) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts give Worthington Enterprises an average recommendation of “Hold” (five analysts: 1 sell, 2 hold, 2 buy) with a consensus 12‑month target price of $61.00.
• In the most recent quarter the company beat estimates, reporting $0.98 EPS (vs. $0.95 est.) and revenue of $378.7M—up 24.4% year‑over‑year and above expectations.
• Worthington announced a quarterly dividend of $0.19 (annualized $0.76, yield 1.4%) and institutions hold 51.59% of the stock, with recent stake increases from Vanguard, Arrowstreet and others.

Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) has received an average recommendation of "Hold" from the five ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $61.00.

A number of research firms recently commented on WOR. Weiss Ratings reiterated a "hold (c)" rating on shares of Worthington Enterprises in a research report on Monday. Canaccord Genuity Group restated a "buy" rating and set a $69.00 price target on shares of Worthington Enterprises in a report on Thursday, March 26th. Finally, Wall Street Zen cut Worthington Enterprises from a "buy" rating to a "hold" rating in a report on Saturday, April 11th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WOR. Vanguard Group Inc. boosted its stake in shares of Worthington Enterprises by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,753,434 shares of the industrial products company's stock valued at $208,278,000 after purchasing an additional 15,894 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Worthington Enterprises by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 768,013 shares of the industrial products company's stock valued at $39,613,000 after acquiring an additional 4,745 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Worthington Enterprises by 67.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 481,541 shares of the industrial products company's stock valued at $26,721,000 after acquiring an additional 193,319 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Worthington Enterprises in the 1st quarter worth $23,824,000. Finally, Fisher Asset Management LLC raised its position in shares of Worthington Enterprises by 27.1% in the 4th quarter. Fisher Asset Management LLC now owns 436,731 shares of the industrial products company's stock worth $22,522,000 after acquiring an additional 93,140 shares in the last quarter. Hedge funds and other institutional investors own 51.59% of the company's stock.

Worthington Enterprises Stock Performance

WOR opened at $55.24 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.44 and a current ratio of 2.36. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 24.55 and a beta of 1.32. The company has a fifty day moving average of $52.98 and a 200 day moving average of $54.30. Worthington Enterprises has a fifty-two week low of $45.01 and a fifty-two week high of $70.91.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings results on Tuesday, March 24th. The industrial products company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.95 by $0.03. The business had revenue of $378.68 million for the quarter, compared to analysts' expectations of $349.41 million. Worthington Enterprises had a net margin of 8.42% and a return on equity of 17.74%. The business's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. As a group, sell-side analysts forecast that Worthington Enterprises will post 3.41 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.4%. Worthington Enterprises's dividend payout ratio is currently 33.78%.

About Worthington Enterprises

Worthington Enterprises NYSE: WOR is a diversified metal manufacturing company that produces pressure vessels, engineered assemblies and fabricated metal products. The company's portfolio includes the design and manufacture of cylinders for compressed gases, such as propane, natural gas and hydrogen, as well as transport tanks and other pressure-containment solutions for the industrial gas, energy and transportation markets. In addition to its pressure vessel operations, Worthington Enterprises offers metal processing and distribution services, supplying coil, sheet and plate products to customers across multiple industries.

Founded in 1955 and headquartered in Columbus, Ohio, Worthington Enterprises has grown from a single steel processing facility into a multi‐division organization with operations in the United States, Canada and Mexico.

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