Worthington Enterprises (NYSE:WOR) Given New $54.00 Price Target at Canaccord Genuity Group

Worthington Enterprises (NYSE:WOR - Get Free Report) had its price target increased by stock analysts at Canaccord Genuity Group from $49.00 to $54.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "hold" rating on the industrial products company's stock. Canaccord Genuity Group's target price would indicate a potential upside of 7.46% from the stock's current price.

Separately, Seaport Res Ptn upgraded Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Worthington Enterprises currently has an average rating of "Hold" and a consensus target price of $47.67.

Worthington Enterprises Stock Down 0.5 %

Shares of WOR stock traded down $0.23 during mid-day trading on Thursday, reaching $50.25. 159,165 shares of the company's stock traded hands, compared to its average volume of 376,874. The company's 50-day moving average price is $42.39 and its 200-day moving average price is $41.48. The company has a market cap of $2.51 billion, a P/E ratio of 60.54 and a beta of 1.21. The company has a quick ratio of 2.50, a current ratio of 3.56 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 $62.56.

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Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The industrial products company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The business had revenue of $304.52 million for the quarter, compared to analyst estimates of $289.09 million. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Worthington Enterprises's quarterly revenue was down 3.9% on a year-over-year basis. On average, equities analysts expect that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Worthington Enterprises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WOR. Pacer Advisors Inc. lifted its holdings in shares of 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 valued at $71,032,000 after purchasing an additional 156,762 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Worthington Enterprises by 236.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 222,281 shares of the industrial products company's stock valued at $8,916,000 after acquiring an additional 156,173 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Worthington Enterprises by 187.9% during the 4th quarter. Fisher Asset Management LLC now owns 202,305 shares of the industrial products company's stock valued at $8,114,000 after acquiring an additional 132,040 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Worthington Enterprises by 132.4% during the 4th quarter. Lord Abbett & CO. LLC now owns 205,330 shares of the industrial products company's stock valued at $8,236,000 after acquiring an additional 116,964 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Worthington Enterprises by 151.9% in the fourth quarter. Marshall Wace LLP now owns 181,650 shares of the industrial products company's stock worth $7,286,000 after acquiring an additional 109,525 shares during the period. 51.59% of the stock is owned by institutional investors.

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.