Worthington Enterprises (NYSE:WOR) Rating Increased 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 research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Sunday.

WOR has been the subject of a number of other research reports. Canaccord Genuity Group raised their price objective on Worthington Enterprises from $69.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. The Goldman Sachs Group lifted their target price on Worthington Enterprises from $44.00 to $50.00 and gave the company a "sell" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $59.00.

Worthington Enterprises Trading Down 1.1%

Worthington Enterprises stock traded down $0.75 during trading hours on Friday, hitting $65.81. The stock had a trading volume of 143,548 shares, compared to its average volume of 193,268. The company has a quick ratio of 2.62, a current ratio of 3.48 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 34.45 and a beta of 1.21. Worthington Enterprises has a one year low of $37.88 and a one year high of $70.91. The business's 50 day simple moving average is $63.71 and its 200-day simple moving average is $54.90.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its earnings results 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 firm had revenue of $317.88 million during the quarter, compared to the consensus estimate of $300.96 million. During the same period last year, the company earned $0.74 earnings per share. The business's quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts predict that Worthington Enterprises will post 2.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Worthington Enterprises

Several institutional investors and hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC raised its position in shares of Worthington Enterprises by 128.8% in the 2nd quarter. Squarepoint Ops LLC now owns 115,310 shares of the industrial products company's stock worth $7,338,000 after acquiring an additional 64,909 shares in the last quarter. State of Wyoming purchased a new stake in Worthington Enterprises during the 2nd quarter valued at $199,000. Public Sector Pension Investment Board boosted its stake in Worthington Enterprises by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 105,618 shares of the industrial products company's stock valued at $6,722,000 after purchasing an additional 7,262 shares during the last quarter. Security National Bank of SO Dak purchased a new stake in Worthington Enterprises during the 2nd quarter valued at $210,000. Finally, Corient Private Wealth LLC boosted its stake in shares of Worthington Enterprises by 100.0% in the 2nd quarter. Corient Private Wealth LLC now owns 26,196 shares of the industrial products company's stock worth $1,667,000 after buying an additional 13,098 shares during the last quarter. Hedge funds and other institutional investors 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.