Worthington Enterprises (NYSE:WOR) Stock Price Up 5.6% - Time to Buy?

Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report)'s share price rose 5.6% during trading on Monday . The stock traded as high as $55.09 and last traded at $54.89. Approximately 43,306 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 305,073 shares. The stock had previously closed at $51.99.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WOR shares. The Goldman Sachs Group raised their price objective on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a "sell" rating in a research report on Thursday, April 3rd. Seaport Res Ptn upgraded shares of Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Canaccord Genuity Group upgraded shares of Worthington Enterprises from a "hold" rating to a "buy" rating and lifted their price target for the stock from $54.00 to $67.00 in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $52.33.

Worthington Enterprises Trading Down 0.0 %

The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 70.13 and a beta of 1.18. The company has a fifty day simple moving average of $47.08 and a 200-day simple moving average of $43.13.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.18. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The business had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. During the same quarter in the previous year, the business earned $0.80 earnings per share. The firm's revenue was down 3.9% compared to the same quarter last year. On average, research analysts forecast that Worthington Enterprises, Inc. will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.17%. Worthington Enterprises's dividend payout ratio (DPR) is presently 57.63%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its position in Worthington Enterprises by 121.0% during the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after acquiring an additional 455 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Worthington Enterprises during the fourth quarter worth approximately $40,000. State of Wyoming purchased a new position in Worthington Enterprises during the fourth quarter valued at approximately $51,000. GAMMA Investing LLC increased its stake in Worthington Enterprises by 77.2% in the 1st quarter. GAMMA Investing LLC now owns 1,644 shares of the industrial products company's stock valued at $82,000 after buying an additional 716 shares during the period. Finally, Itau Unibanco Holding S.A. increased its stake in Worthington Enterprises by 41.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock valued at $68,000 after buying an additional 501 shares during the period. 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.