Worthington Enterprises (NYSE:WOR - Free Report) had its price target upped by Canaccord Genuity Group from $46.00 to $49.00 in a research note published on Thursday,Benzinga reports. They currently have a hold rating on the industrial products company's stock.
A number of other research analysts have also commented on WOR. StockNews.com raised Worthington Enterprises from a "sell" rating to a "hold" rating in a report on Wednesday, September 25th. Canaccord Genuity Group decreased their price target on shares of Worthington Enterprises from $52.00 to $46.00 and set a "hold" rating on the stock in a research note on Thursday, September 26th.
Read Our Latest Stock Report on WOR
Worthington Enterprises Stock Performance
NYSE:WOR traded down $0.92 on Thursday, hitting $41.22. The company's stock had a trading volume of 446,622 shares, compared to its average volume of 276,696. Worthington Enterprises has a one year low of $37.88 and a one year high of $69.96. The firm has a market capitalization of $2.07 billion, a P/E ratio of 54.24 and a beta of 1.26. The stock has a fifty day moving average of $40.37 and a two-hundred day moving average of $44.34. The company has a current ratio of 3.47, a quick ratio of 2.34 and a debt-to-equity ratio of 0.33.
Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. Worthington Enterprises had a return on equity of 12.23% and a net margin of 1.96%. The business had revenue of $274.05 million during the quarter, compared to the consensus estimate of $273.77 million. During the same quarter last year, the firm posted $0.78 EPS. The company's quarterly revenue was down 8.1% on a year-over-year basis.
Worthington Enterprises Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.65%. Worthington Enterprises's payout ratio is currently 81.93%.
Insider Buying and Selling
In other Worthington Enterprises news, CFO Joseph B. Hayek purchased 2,500 shares of the firm's stock in a transaction dated Friday, October 11th. The shares were bought at an average price of $40.21 per share, for a total transaction of $100,525.00. Following the purchase, the chief financial officer now owns 168,875 shares in the company, valued at approximately $6,790,463.75. This trade represents a 1.50 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 37.50% of the stock is currently owned by company insiders.
Institutional Trading of Worthington Enterprises
Several institutional investors and hedge funds have recently modified their holdings of the business. KBC Group NV boosted its position in Worthington Enterprises by 45.1% in the third quarter. KBC Group NV now owns 1,136 shares of the industrial products company's stock valued at $47,000 after buying an additional 353 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Worthington Enterprises during the 2nd quarter valued at $57,000. nVerses Capital LLC bought a new stake in Worthington Enterprises during the 3rd quarter worth $83,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Worthington Enterprises in the 3rd quarter worth about $85,000. Finally, Point72 DIFC Ltd bought a new position in Worthington Enterprises in the third quarter valued at about $110,000. 51.59% of the stock is currently owned by institutional investors.
About Worthington Enterprises
(
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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.
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