Worthington Enterprises' (WOR) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Worthington Enterprises' stock rating has been restated as "hold (c)" by Weiss Ratings, while the consensus rating across analysts is "Moderate Buy" with a target price of $62.33.
• Recent research reports have led to conflicting ratings, with Canaccord Genuity setting a "buy" rating while Zacks Research downgraded it to "hold," showcasing a broad range of analyst opinions on the stock.
• Worthington shares are currently priced at $58.48, having seen a twelve-month low of $37.88 and a high of $70.91, indicating a significant price variability over the year.

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

WOR has been the topic of a number of other research reports. Canaccord Genuity Group decreased their price target on Worthington Enterprises from $81.00 to $73.00 and set a "buy" rating on the stock in a research report on Thursday, September 25th. Wall Street Zen downgraded shares of Worthington Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 11th. Zacks Research cut Worthington Enterprises from a "strong-buy" rating to a "hold" rating in a report on Monday, August 25th. CJS Securities raised Worthington Enterprises from a "market perform" rating to an "outperform" rating and set a $64.00 price objective on the stock in a research note on Wednesday, September 24th. Finally, The Goldman Sachs Group boosted their target price on Worthington Enterprises from $44.00 to $50.00 and gave the stock a "sell" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Worthington Enterprises has a consensus rating of "Moderate Buy" and a consensus target price of $62.33.

Worthington Enterprises Stock Performance

Shares of NYSE:WOR traded up $0.76 on Friday, reaching $58.48. 44,939 shares of the company's stock were exchanged, compared to its average volume of 310,507. Worthington Enterprises has a twelve month low of $37.88 and a twelve month high of $70.91. The company has a fifty day moving average of $60.61 and a 200-day moving average of $59.10. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 27.46 and a beta of 1.17. The company has a current ratio of 3.30, a quick ratio of 2.24 and a debt-to-equity ratio of 0.32.

Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its quarterly earnings results on Wednesday, December 28th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.91%.The business had revenue of $1.23 billion during the quarter. On average, research analysts predict that Worthington Enterprises will post 2.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael J. Endres purchased 10,000 shares of the stock in a transaction on Thursday, September 25th. The stock was purchased at an average price of $52.95 per share, for a total transaction of $529,500.00. Following the acquisition, the director owned 95,524 shares in the company, valued at $5,057,995.80. This trade represents a 11.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.40% of the company's stock.

Hedge Funds Weigh In On Worthington Enterprises

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in Worthington Enterprises by 23.0% in the second quarter. American Century Companies Inc. now owns 1,010,730 shares of the industrial products company's stock valued at $64,323,000 after buying an additional 188,783 shares during the period. Geode Capital Management LLC raised its position in shares of Worthington Enterprises by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 733,238 shares of the industrial products company's stock worth $46,670,000 after acquiring an additional 8,293 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Worthington Enterprises by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 540,040 shares of the industrial products company's stock valued at $27,051,000 after purchasing an additional 6,764 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Worthington Enterprises by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 408,990 shares of the industrial products company's stock valued at $26,028,000 after purchasing an additional 3,248 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Worthington Enterprises by 54.9% during the first 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 period. Institutional investors 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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