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

Key Points

• Worthington Enterprises, Inc. has received a consensus recommendation of "Hold" from analysts, with price targets ranging from $44 to $81.00.
• The company recently increased its quarterly dividend from $0.17 to $0.19, yielding approximately 1.2% annualized.
• For the last quarter, Worthington reported earnings per share of $1.06, surpassing estimates by $0.22, despite a 0.3% decline in revenue year-over-year.

Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) has been given an average recommendation of "Hold" by the five analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $59.00.

Several equities research analysts have recently issued reports on the company. Zacks Research cut Worthington Enterprises from a "strong-buy" rating to a "hold" rating in a report on Monday, August 25th. Canaccord Genuity Group lifted their target price on Worthington Enterprises from $69.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. The Goldman Sachs Group lifted their target price on Worthington Enterprises from $44.00 to $50.00 and gave the stock a "sell" rating in a report on Thursday, June 26th. Finally, Wall Street Zen raised Worthington Enterprises from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 24th.

Worthington Enterprises Trading Up 1.3%

Shares of WOR stock opened at $65.50 on Friday. Worthington Enterprises has a 12-month low of $37.88 and a 12-month high of $70.91. The company has a current ratio of 3.48, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The stock's 50-day moving average price is $64.04 and its 200-day moving average price is $56.25. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 34.29 and a beta of 1.20.

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

Worthington Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a $0.19 dividend. This is an increase from Worthington Enterprises's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, September 15th. Worthington Enterprises's dividend payout ratio (DPR) is 35.60%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC purchased a new position in Worthington Enterprises in the first quarter worth about $256,000. GAMMA Investing LLC grew its position in Worthington Enterprises by 77.2% in the first quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company's stock worth $82,000 after acquiring an additional 716 shares in the last quarter. Mutual of America Capital Management LLC purchased a new position in Worthington Enterprises in the first quarter worth about $226,000. Y Intercept Hong Kong Ltd grew its position in Worthington Enterprises by 44.4% in the first quarter. Y Intercept Hong Kong Ltd now owns 8,794 shares of the industrial products company's stock worth $440,000 after acquiring an additional 2,704 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Worthington Enterprises in the first quarter worth about $4,082,000. Hedge funds and other institutional investors 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.

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