Worthington Enterprises (NYSE:WOR) Coverage Initiated by Analysts at Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of Worthington Enterprises (NYSE:WORFree Report) in a research note released on Tuesday, Briefing.com reports. The brokerage issued a hold rating and a $56.00 price target on the industrial products company’s stock.

Several other equities research analysts have also weighed in on WOR. The Goldman Sachs Group started coverage on Worthington Enterprises in a report on Monday, January 22nd. They issued a sell rating and a $50.00 price objective for the company. TheStreet upgraded shares of Worthington Enterprises from a c+ rating to a b rating in a research note on Monday, December 4th. Finally, StockNews.com assumed coverage on shares of Worthington Enterprises in a research note on Wednesday, January 24th. They set a buy rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $57.50.

View Our Latest Research Report on WOR

Worthington Enterprises Stock Performance

NYSE WOR opened at $57.65 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.88. The company has a market capitalization of $2.88 billion, a PE ratio of 9.66 and a beta of 1.37. Worthington Enterprises has a 52-week low of $31.91 and a 52-week high of $59.73. The company has a 50-day simple moving average of $56.92 and a 200 day simple moving average of $63.98.

Worthington Enterprises (NYSE:WORGet Free Report) last posted its quarterly earnings results on Wednesday, December 20th. The industrial products company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.34. Worthington Enterprises had a net margin of 6.43% and a return on equity of 17.91%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $666.15 million. During the same quarter in the previous year, the firm posted $0.44 EPS. Worthington Enterprises’s revenue was down 7.5% on a year-over-year basis. On average, research analysts predict that Worthington Enterprises will post 5.6 EPS for the current year.

Hedge Funds Weigh In On Worthington Enterprises

A number of large investors have recently modified their holdings of the company. Strs Ohio boosted its holdings in Worthington Enterprises by 14.3% in the 4th quarter. Strs Ohio now owns 15,200 shares of the industrial products company’s stock valued at $874,000 after purchasing an additional 1,900 shares during the period. Louisiana State Employees Retirement System bought a new stake in Worthington Enterprises during the fourth quarter valued at $875,000. G2 Capital Management LLC OH grew its position in Worthington Enterprises by 26.6% during the fourth quarter. G2 Capital Management LLC OH now owns 7,740 shares of the industrial products company’s stock worth $445,000 after buying an additional 1,628 shares in the last quarter. Cerity Partners LLC bought a new position in Worthington Enterprises in the 4th quarter worth about $320,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Worthington Enterprises by 36.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 61,907 shares of the industrial products company’s stock valued at $3,563,000 after acquiring an additional 16,403 shares in the last quarter. 45.30% of the stock is currently owned by institutional investors.

Worthington Enterprises Company Profile

(Get Free Report)

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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