Worthington Enterprises, Inc. (NYSE:WOR) Given Average Rating of “Moderate Buy” by Analysts

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

Several research firms have recently issued reports on WOR. Seaport Res Ptn raised shares of Worthington Enterprises to a “strong-buy” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group boosted their target price 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. Finally, Canaccord Genuity Group raised Worthington Enterprises from a “hold” rating to a “buy” rating and raised their price target for the stock from $54.00 to $67.00 in a report on Monday, May 5th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WOR. Pacer Advisors Inc. grew its position in Worthington Enterprises by 9.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,770,924 shares of the industrial products company’s stock worth $71,032,000 after buying an additional 156,762 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Worthington Enterprises by 236.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 222,281 shares of the industrial products company’s stock worth $8,916,000 after purchasing an additional 156,173 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Worthington Enterprises by 187.9% in the fourth quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company’s stock worth $8,114,000 after purchasing an additional 132,040 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in Worthington Enterprises by 132.4% in the fourth quarter. Lord Abbett & CO. LLC now owns 205,330 shares of the industrial products company’s stock valued at $8,236,000 after purchasing an additional 116,964 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Worthington Enterprises by 151.9% during the fourth quarter. Marshall Wace LLP now owns 181,650 shares of the industrial products company’s stock valued at $7,286,000 after purchasing an additional 109,525 shares during the last quarter. Institutional investors own 51.59% of the company’s stock.

Worthington Enterprises Price Performance

Shares of NYSE WOR opened at $58.21 on Friday. 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 stock has a fifty day simple moving average of $47.08 and a two-hundred day simple moving average of $43.10. Worthington Enterprises has a 1-year low of $37.88 and a 1-year high of $60.55. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 70.13 and a beta of 1.18.

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 during the quarter, compared to the consensus estimate of $289.09 million. During the same quarter in the prior year, the company earned $0.80 EPS. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. Analysts anticipate that Worthington Enterprises will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.17%. Worthington Enterprises’s dividend payout ratio is presently 57.63%.

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.