Worthington Enterprises, Inc. (NYSE:WOR) Receives $52.33 Consensus Target Price from Brokerages

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have received an average rating of “Moderate Buy” from the four analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $52.33.

A number of equities research analysts recently weighed in on WOR shares. The Goldman Sachs Group lifted their price objective on shares of Worthington Enterprises from $39.00 to $44.00 and gave the company a “sell” rating in a report on Thursday, April 3rd. Canaccord Genuity Group upgraded Worthington Enterprises from a “hold” rating to a “buy” rating and boosted their price target for the company from $54.00 to $67.00 in a report on Monday, May 5th. Finally, Seaport Res Ptn raised Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th.

Institutional Investors Weigh In On Worthington Enterprises

Hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC raised its stake 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 buying an additional 455 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of Worthington Enterprises in the 4th quarter valued at $40,000. State of Wyoming bought a new position in shares of Worthington Enterprises in the 4th quarter worth $51,000. Itau Unibanco Holding S.A. raised its position in shares of Worthington Enterprises by 41.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 501 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Worthington Enterprises by 63.7% during the 4th quarter. KBC Group NV now owns 1,860 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 724 shares during the last quarter. Hedge funds and other institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Stock Down 2.8%

Shares of NYSE WOR opened at $59.56 on Friday. Worthington Enterprises has a 1 year low of $37.88 and a 1 year high of $61.71. The firm has a 50-day simple moving average of $47.91 and a two-hundred day simple moving average of $43.44. The company has a market cap of $2.97 billion, a P/E ratio of 71.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50.

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

Worthington Enterprises Announces Dividend

The firm 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 dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.14%. Worthington Enterprises’s dividend payout ratio (DPR) is 57.63%.

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.