Worthington Enterprises, Inc. (WOR) To Go Ex-Dividend on December 15th

Worthington Enterprises, Inc. (NYSE:WOR) declared a quarterly dividend on Tuesday, September 23rd, RTT News reports. Shareholders of record on Monday, December 15th will be paid a dividend of 0.19 per share by the industrial products company on Monday, December 29th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, December 15th.

Worthington Enterprises has decreased its dividend payment by an average of 0.1%annually over the last three years. Worthington Enterprises has a dividend payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Worthington Enterprises to earn $3.08 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 24.7%.

Worthington Enterprises Trading Up 0.6%

Shares of WOR stock opened at $58.36 on Friday. Worthington Enterprises has a fifty-two week low of $37.88 and a fifty-two week high of $70.91. The stock’s fifty day moving average price is $55.60 and its two-hundred day moving average price is $59.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.24 and a current ratio of 3.30. The company has a market cap of $2.90 billion, a PE ratio of 27.40 and a beta of 1.33.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings data on Wednesday, December 28th. The industrial products company reported $2.12 earnings per share for the quarter. Worthington Enterprises had a return on equity of 17.70% and a net margin of 8.91%.The business had revenue of $1.23 billion for the quarter. Equities analysts predict that Worthington Enterprises will post 2.67 EPS for the current fiscal year.

Analysts Set New Price Targets

WOR has been the topic of a number of analyst reports. CJS Securities upgraded Worthington Enterprises from a “market perform” rating to an “outperform” rating and set a $64.00 price target on the stock in a research report on Wednesday, September 24th. Wall Street Zen cut Worthington Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 11th. Canaccord Genuity Group dropped their price objective on Worthington Enterprises from $81.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Zacks Research lowered shares of Worthington Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Worthington Enterprises in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Worthington Enterprises presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.33.

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.