Worthington Enterprises, Inc. (NYSE:WOR) Receives $46.00 Consensus Price Target from Brokerages

Shares of Worthington Enterprises, Inc. (NYSE:WOR) have earned a consensus rating of “Hold” from the four research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $46.00.

Several brokerages have weighed in on WOR. Canaccord Genuity Group boosted their price target on Worthington Enterprises from $46.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Seaport Res Ptn upgraded Worthington Enterprises to a “strong-buy” rating in a research note on Wednesday, January 29th.

Hedge Funds Weigh In On Worthington Enterprises

A number of hedge funds have recently added to or reduced their stakes in WOR. Quadrant Capital Group LLC increased its stake 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. Anchor Investment Management LLC bought a new position in shares of Worthington Enterprises in the fourth quarter valued at approximately $40,000. KBC Group NV boosted its stake in Worthington Enterprises by 45.1% during the 3rd quarter. KBC Group NV now owns 1,136 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 353 shares in the last quarter. State of Wyoming acquired a new position in shares of Worthington Enterprises during the 4th quarter valued at $51,000. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of Worthington Enterprises by 41.9% in 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. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Price Performance

Worthington Enterprises stock opened at $41.73 on Friday. The company has a market cap of $2.09 billion, a P/E ratio of 50.28 and a beta of 1.21. Worthington Enterprises has a one year low of $37.88 and a one year high of $62.86. The business has a fifty day moving average of $41.82 and a two-hundred day moving average of $41.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56.

Worthington Enterprises (NYSE:WOR) last released its quarterly 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 analysts’ expectations of $289.09 million. During the same quarter in the prior year, the firm posted $0.80 EPS. The company’s revenue was down 3.9% compared to the same quarter last year. As a group, analysts predict that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.63%. Worthington Enterprises’s dividend payout ratio is presently 81.93%.

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.