Worthington Enterprises (NYSE:WOR) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• Worthington Enterprises has been upgraded to a "Strong-Buy" rating from analysts at Wall Street Zen, reflecting increased confidence in the company's performance.
• Goldman Sachs raised their price target for Worthington Enterprises from $44.00 to $50.00 while giving it a "sell" rating, while Canaccord Genuity increased their target from $69.00 to $81.00 with a "buy" rating.
• The company's recent quarterly earnings showed an EPS of $1.06, which surpassed estimates, alongside revenue of $317.88 million, despite a slight decrease year-over-year.

Worthington Enterprises (NYSE:WOR - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Sunday.

Other research analysts have also issued reports about the company. The Goldman Sachs Group raised their price objective on 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 lifted their target price on Worthington Enterprises from $69.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Worthington Enterprises has an average rating of "Moderate Buy" and an average price target of $59.00.

Worthington Enterprises Trading Up 4.5%

NYSE:WOR opened at $67.0370 on Friday. The business's 50-day moving average is $62.94 and its two-hundred day moving average is $54.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 2.62. Worthington Enterprises has a 12 month low of $37.88 and a 12 month high of $70.91. The firm has a market capitalization of $3.34 billion, a PE ratio of 35.10 and a beta of 1.21.

Worthington Enterprises (NYSE:WOR - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The industrial products company reported $1.06 EPS for the quarter, beating 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 company had revenue of $317.88 million for the quarter, compared to analyst estimates of $300.96 million. During the same period last year, the company posted $0.74 earnings per share. The firm's revenue was down .3% compared to the same quarter last year. Research analysts predict that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Institutional Trading of Worthington Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in Worthington Enterprises by 693.6% in the second quarter. EverSource Wealth Advisors LLC now owns 619 shares of the industrial products company's stock valued at $39,000 after buying an additional 541 shares during the last quarter. ORG Partners LLC increased its holdings in Worthington Enterprises by 61.0% in the second quarter. ORG Partners LLC now owns 660 shares of the industrial products company's stock valued at $43,000 after buying an additional 250 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Worthington Enterprises in the second quarter valued at about $46,000. Quarry LP bought a new stake in Worthington Enterprises in the first quarter valued at about $49,000. Finally, State of Wyoming bought a new stake in Worthington Enterprises in the fourth quarter valued at about $51,000. 51.59% of the stock is owned by institutional investors.

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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