Worthington Enterprises (NYSE:WOR) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Worthington Enterprises (NYSE:WOR) had its price target increased by The Goldman Sachs Group from $39.00 to $44.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a sell rating on the industrial products company’s stock.

WOR has been the topic of a number of other research reports. Seaport Res Ptn upgraded shares of Worthington Enterprises to a “strong-buy” rating in a report on Wednesday, January 29th. Canaccord Genuity Group increased their target price on Worthington Enterprises from $49.00 to $54.00 and gave the company a “hold” rating in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $48.00.

Worthington Enterprises Stock Performance

Shares of Worthington Enterprises stock opened at $46.42 on Thursday. Worthington Enterprises has a 12 month low of $37.88 and a 12 month high of $62.20. The firm has a market capitalization of $2.32 billion, a P/E ratio of 55.93 and a beta of 1.06. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $43.12 and a two-hundred day simple moving average of $41.65.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.18. Worthington Enterprises had a return on equity of 14.70% and a net margin of 3.66%. The company had revenue of $304.52 million for the quarter, compared to the consensus estimate of $289.09 million. During the same quarter in the prior year, the business posted $0.80 EPS. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities analysts forecast that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.46%. Worthington Enterprises’s dividend payout ratio (DPR) is presently 57.63%.

Institutional Trading of Worthington Enterprises

A number of hedge funds have recently bought and sold shares of WOR. Quadrant Capital Group LLC boosted its position in Worthington Enterprises by 121.0% in the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 455 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of Worthington Enterprises in the 4th quarter worth approximately $40,000. State of Wyoming purchased a new position in shares of Worthington Enterprises in the fourth quarter worth approximately $51,000. Itau Unibanco Holding S.A. grew its position in Worthington Enterprises by 41.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company’s stock valued at $68,000 after buying an additional 501 shares during the period. Finally, KBC Group NV increased its holdings in Worthington Enterprises by 63.7% during the fourth quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock valued at $75,000 after buying an additional 724 shares during the last quarter. Hedge funds and other 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.