StockNews.com Begins Coverage on Worthington Enterprises (NYSE:WOR)

Investment analysts at StockNews.com began coverage on shares of Worthington Enterprises (NYSE:WORGet Free Report) in a report issued on Thursday. The firm set a “buy” rating on the industrial products company’s stock.

WOR has been the topic of a number of other reports. The Goldman Sachs Group initiated coverage on shares of Worthington Enterprises in a research report on Monday, January 22nd. They set a “sell” rating and a $50.00 price target on the stock. TheStreet raised shares of Worthington Enterprises from a “c+” rating to a “b” rating in a research report on Monday, December 4th. Canaccord Genuity Group began coverage on shares of Worthington Enterprises in a research report on Tuesday. They set a “hold” rating and a $56.00 price target on the stock. Finally, Canaccord Genuity Group began coverage on shares of Worthington Enterprises in a research report on Tuesday. They issued a “hold” rating and a $56.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $57.50.

Check Out Our Latest Analysis on WOR

Worthington Enterprises Trading Down 1.1 %

NYSE:WOR opened at $57.03 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 9.55 and a beta of 1.37. The firm has a fifty day simple moving average of $56.74 and a two-hundred day simple moving average of $63.93. Worthington Enterprises has a 12 month low of $31.91 and a 12 month high of $59.73.

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 business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $666.15 million. During the same period last year, the company posted $0.44 earnings per share. The business’s quarterly revenue was down 7.5% on a year-over-year basis. Analysts expect that Worthington Enterprises will post 5.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Worthington Enterprises

Several large investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Worthington Enterprises by 13.0% in the first quarter. BlackRock Inc. now owns 4,571,279 shares of the industrial products company’s stock worth $235,012,000 after purchasing an additional 526,776 shares in the last quarter. Vanguard Group Inc. grew its stake in Worthington Enterprises by 8.8% during the third quarter. Vanguard Group Inc. now owns 3,658,961 shares of the industrial products company’s stock valued at $226,197,000 after acquiring an additional 297,139 shares in the last quarter. Pacer Advisors Inc. grew its stake in Worthington Enterprises by 67,348.5% during the fourth quarter. Pacer Advisors Inc. now owns 2,224,452 shares of the industrial products company’s stock valued at $128,017,000 after acquiring an additional 2,221,154 shares in the last quarter. State Street Corp grew its stake in Worthington Enterprises by 18.1% during the first quarter. State Street Corp now owns 2,010,543 shares of the industrial products company’s stock valued at $103,362,000 after acquiring an additional 307,667 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Worthington Enterprises by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,809,125 shares of the industrial products company’s stock valued at $93,007,000 after acquiring an additional 108,764 shares in the last quarter. Hedge funds and other institutional investors own 45.30% of the company’s stock.

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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