Worthington Enterprises, Inc. (NYSE:WOR) Receives $48.00 Consensus Target Price from Brokerages

Worthington Enterprises, Inc. (NYSE:WOR) has earned a consensus recommendation of “Hold” from the four ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $48.00.

A number of analysts have recently commented on the company. The Goldman Sachs Group upped their target price on Worthington Enterprises from $39.00 to $44.00 and gave the stock a “sell” rating in a research note on Thursday, April 3rd. Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Canaccord Genuity Group boosted their target price on shares of Worthington Enterprises from $49.00 to $54.00 and gave the company a “hold” rating in a research note on Thursday, March 27th.

Worthington Enterprises Stock Performance

Shares of NYSE WOR opened at $47.35 on Tuesday. The company has a 50 day simple moving average of $44.14 and a two-hundred day simple moving average of $41.90. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 57.05 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. Worthington Enterprises has a 12 month low of $37.88 and a 12 month high of $60.71.

Worthington Enterprises (NYSE:WOR) last posted its earnings results on Tuesday, March 25th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The company had revenue of $304.52 million during the quarter, compared to the consensus estimate of $289.09 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, analysts predict that Worthington Enterprises will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.44%. Worthington Enterprises’s payout ratio is currently 57.63%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. PDS Planning Inc grew its stake in Worthington Enterprises by 3.1% in the 4th quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 356 shares during the period. Quadrant Capital Group LLC grew its position in shares of Worthington Enterprises by 121.0% in the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 455 shares during the period. Itau Unibanco Holding S.A. increased its stake in shares of 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 worth $68,000 after purchasing an additional 501 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Worthington Enterprises by 23.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 585 shares during the last quarter. Finally, Graham Capital Management L.P. lifted its stake in Worthington Enterprises by 9.9% in the 4th quarter. Graham Capital Management L.P. now owns 6,847 shares of the industrial products company’s stock valued at $275,000 after buying an additional 614 shares in the last quarter. 51.59% of the stock is owned by institutional investors and hedge funds.

Worthington Enterprises Company Profile

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.