Worthington Enterprises (NYSE:WOR) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Worthington Enterprises (NYSE:WOR) received a "hold (c)" rating from Weiss Ratings, reaffirming its status amidst changing analyst opinions.
• The stock has a current market cap of $2.80 billion with a twelve-month price range between $37.88 and $70.91, highlighting significant volatility.
• Recent quarterly earnings showed an EPS of $0.74, exceeding expectations and marking an 18% increase in revenue year-over-year.

Worthington Enterprises (NYSE:WOR - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other brokerages have also weighed in on WOR. Zacks Research lowered Worthington Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. Wall Street Zen upgraded Worthington Enterprises from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 24th. The Goldman Sachs Group raised their price target on Worthington Enterprises from $44.00 to $50.00 and gave the stock a "sell" rating in a research report on Thursday, June 26th. CJS Securities upgraded Worthington Enterprises from a "market perform" rating to an "outperform" rating and set a $64.00 price target for the company in a research report on Wednesday, September 24th. Finally, Canaccord Genuity Group lowered their price target on Worthington Enterprises from $81.00 to $73.00 and set a "buy" rating for the company in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Worthington Enterprises presently has a consensus rating of "Moderate Buy" and an average price target of $62.33.

Worthington Enterprises Price Performance

Shares of NYSE:WOR traded up $0.79 during midday trading on Wednesday, hitting $56.23. The company had a trading volume of 90,085 shares, compared to its average volume of 318,721. Worthington Enterprises has a twelve month low of $37.88 and a twelve month high of $70.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.30 and a quick ratio of 2.24. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 26.42 and a beta of 1.17. The business's 50-day simple moving average is $62.24 and its 200-day simple moving average is $58.47.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its quarterly earnings results on Tuesday, September 23rd. The industrial products company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.91%.The firm had revenue of $303.70 million during the quarter, compared to analysts' expectations of $291.84 million. During the same quarter last year, the firm earned $0.50 earnings per share. The business's revenue for the quarter was up 18.0% on a year-over-year basis. On average, research analysts predict that Worthington Enterprises will post 2.67 earnings per share for the current year.

Insider Activity at Worthington Enterprises

In other news, Director Michael J. Endres bought 10,000 shares of the business's stock in a transaction dated Thursday, September 25th. The shares were acquired at an average price of $52.95 per share, for a total transaction of $529,500.00. Following the completion of the transaction, the director owned 95,524 shares of the company's stock, valued at approximately $5,057,995.80. This trade represents a 11.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.40% of the company's stock.

Hedge Funds Weigh In On Worthington Enterprises

Several institutional investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its position in Worthington Enterprises by 3.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,930 shares of the industrial products company's stock valued at $314,000 after acquiring an additional 173 shares during the period. CWM LLC boosted its holdings in Worthington Enterprises by 33.5% in the 2nd quarter. CWM LLC now owns 813 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 204 shares in the last quarter. VELA Investment Management LLC boosted its holdings in Worthington Enterprises by 0.7% in the 2nd quarter. VELA Investment Management LLC now owns 31,363 shares of the industrial products company's stock valued at $1,996,000 after purchasing an additional 213 shares in the last quarter. ORG Partners LLC boosted its holdings in Worthington Enterprises by 61.0% in the 2nd quarter. ORG Partners LLC now owns 660 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 250 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Worthington Enterprises by 0.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 33,460 shares of the industrial products company's stock valued at $2,129,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company's stock.

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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