Worthington Enterprises (NYSE:WOR) Downgraded to "Buy" Rating by Wall Street Zen

Key Points

• Worthington Enterprises has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting a change in analysts' confidence.
• Goldman Sachs increased its target price for the stock from $44.00 to $50.00 but assigned a "sell" rating, indicating mixed sentiment among analysts.
• Worthington Enterprises has reported a net margin of 8.91% and a market cap of $2.73 billion, highlighting its financial performance amidst recent rating changes.

Worthington Enterprises (NYSE:WOR - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

A number of other research analysts also recently commented on WOR. The Goldman Sachs Group increased their target price on shares of Worthington Enterprises from $44.00 to $50.00 and gave the company a "sell" rating in a research report on Thursday, June 26th. Canaccord Genuity Group dropped their target price on shares of Worthington Enterprises from $81.00 to $73.00 and set a "buy" rating on the stock in a research report on Thursday, September 25th. CJS Securities raised shares of Worthington Enterprises from a "market perform" rating to an "outperform" rating and set a $64.00 target price on the stock in a research report on Wednesday, September 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Worthington Enterprises in a research report on Wednesday. Finally, Zacks Research downgraded shares of Worthington Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Worthington Enterprises presently has an average rating of "Moderate Buy" and a consensus price target of $62.33.

Worthington Enterprises Price Performance

Shares of WOR opened at $54.98 on Friday. Worthington Enterprises has a fifty-two week low of $37.88 and a fifty-two week high of $70.91. The firm's 50 day moving average price is $61.88 and its 200 day moving average price is $58.65. The company has a market cap of $2.73 billion, a P/E ratio of 25.81 and a beta of 1.17. The company has a quick ratio of 2.24, a current ratio of 3.30 and a debt-to-equity ratio of 0.32.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings data on Wednesday, December 28th. The industrial products company reported $2.12 EPS for the quarter. Worthington Enterprises had a net margin of 8.91% and a return on equity of 17.70%. The company had revenue of $1.23 billion for the quarter. On average, research analysts forecast that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Insider Activity at Worthington Enterprises

In other news, Director Michael J. Endres bought 10,000 shares of Worthington Enterprises stock in a transaction dated Thursday, September 25th. The stock was bought at an average price of $52.95 per share, for a total transaction of $529,500.00. Following the purchase, the director owned 95,524 shares of the company's stock, valued at approximately $5,057,995.80. The trade was a 11.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.40% of the company's stock.

Institutional Trading of Worthington Enterprises

Several hedge funds have recently made changes to their positions in WOR. GAMMA Investing LLC lifted its stake in shares of Worthington Enterprises by 77.2% in the 1st 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 during the period. Cardinal Capital Management lifted its stake in shares of Worthington Enterprises by 11.3% in the 1st quarter. Cardinal Capital Management now owns 26,654 shares of the industrial products company's stock worth $1,335,000 after acquiring an additional 2,696 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Worthington Enterprises in the 1st quarter worth $256,000. PDS Planning Inc lifted its stake in shares of Worthington Enterprises by 10.3% in the first quarter. PDS Planning Inc now owns 13,012 shares of the industrial products company's stock valued at $652,000 after purchasing an additional 1,220 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in shares of Worthington Enterprises by 10.1% in the first quarter. Vontobel Holding Ltd. now owns 118,497 shares of the industrial products company's stock valued at $5,936,000 after purchasing an additional 10,854 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.