Worthington Enterprises (NYSE:WOR) Price Target Raised to $81.00 at Canaccord Genuity Group

Worthington Enterprises (NYSE:WOR - Get Free Report) had its target price raised by analysts at Canaccord Genuity Group from $69.00 to $81.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Canaccord Genuity Group's price target would suggest a potential upside of 32.53% from the stock's current price.

Separately, The Goldman Sachs Group boosted their target price on shares of Worthington Enterprises from $39.00 to $44.00 and gave the stock a "sell" rating in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $57.00.

Worthington Enterprises Price Performance

WOR stock opened at $61.12 on Thursday. The firm has a 50-day moving average of $56.51 and a two-hundred day moving average of $47.38. The firm has a market capitalization of $3.05 billion, a PE ratio of 32.00 and a beta of 1.19. The company has a current ratio of 3.51, a quick ratio of 2.60 and a debt-to-equity ratio of 0.31. Worthington Enterprises has a one year low of $37.88 and a one year high of $70.91.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its earnings results on Tuesday, June 24th. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.22. Worthington Enterprises had a return on equity of 16.75% and a net margin of 8.33%. The company had revenue of $317.88 million during the quarter, compared to analyst estimates of $300.96 million. During the same quarter in the prior year, the company earned $0.74 earnings per share. The company's revenue for the quarter was down .3% on a year-over-year basis. On average, analysts forecast that Worthington Enterprises will post 2.67 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WOR. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Worthington Enterprises during the 1st quarter worth approximately $11,769,000. American Century Companies Inc. boosted its position in shares of Worthington Enterprises by 24.1% during the first 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 period. Balyasny Asset Management L.P. raised its holdings in shares of Worthington Enterprises by 236.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 222,281 shares of the industrial products company's stock valued at $8,916,000 after purchasing an additional 156,173 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Worthington Enterprises by 187.9% during the 4th quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company's stock worth $8,114,000 after purchasing an additional 132,040 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of 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 purchasing an additional 124,867 shares during the last quarter. 51.59% of the stock is owned by institutional investors and hedge funds.

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.

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