Analysts Set Worthington Enterprises, Inc. (NYSE:WOR) PT at $61.00

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have received an average rating of “Reduce” from the four analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $61.00.

Several research firms recently weighed in on WOR. Canaccord Genuity Group lifted their target price on shares of Worthington Enterprises from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, March 25th. StockNews.com lowered shares of Worthington Enterprises from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. The Goldman Sachs Group lifted their target price on shares of Worthington Enterprises from $50.00 to $56.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Finally, Canaccord Genuity Group initiated coverage on shares of Worthington Enterprises in a report on Tuesday, January 30th. They issued a “hold” rating and a $56.00 price objective on the stock.

Insiders Place Their Bets

In other news, Director Ozey K. Horton, Jr. sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $62.25, for a total value of $62,250.00. Following the completion of the sale, the director now owns 41,688 shares of the company’s stock, valued at approximately $2,595,078. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael J. Endres sold 66,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $64.26, for a total transaction of $4,241,160.00. Following the completion of the sale, the director now owns 76,689 shares of the company’s stock, valued at approximately $4,928,035.14. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ozey K. Horton, Jr. sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $62.25, for a total transaction of $62,250.00. Following the sale, the director now directly owns 41,688 shares of the company’s stock, valued at approximately $2,595,078. The disclosure for this sale can be found here. Insiders have sold 68,000 shares of company stock worth $4,364,750 in the last quarter. 38.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Worthington Enterprises

A number of institutional investors have recently modified their holdings of the business. Pacifica Partners Inc. bought a new position in Worthington Enterprises in the 3rd quarter worth about $30,000. Headlands Technologies LLC bought a new position in Worthington Enterprises in the 3rd quarter worth about $31,000. Millburn Ridgefield Corp grew its position in Worthington Enterprises by 55.7% in the 4th quarter. Millburn Ridgefield Corp now owns 576 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 206 shares during the last quarter. FSC Wealth Advisors LLC bought a new position in Worthington Enterprises in the 3rd quarter worth about $35,000. Finally, GAMMA Investing LLC bought a new position in Worthington Enterprises in the 4th quarter worth about $53,000. Institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Stock Down 0.4 %

Shares of WOR opened at $57.70 on Friday. The firm has a market cap of $2.89 billion, a PE ratio of 10.55 and a beta of 1.39. The company’s fifty day moving average is $61.67 and its two-hundred day moving average is $59.97. Worthington Enterprises has a fifty-two week low of $33.96 and a fifty-two week high of $69.96. The company has a quick ratio of 2.47, a current ratio of 3.42 and a debt-to-equity ratio of 0.33.

Worthington Enterprises (NYSE:WOR) last announced its quarterly earnings results on Wednesday, March 20th. The industrial products company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.44). The company had revenue of $316.76 million during the quarter, compared to analyst estimates of $326.70 million. Worthington Enterprises had a net margin of 7.12% and a return on equity of 19.40%. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 EPS.

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.