Analysts Set Worthington Enterprises, Inc. (NYSE:WOR) Price Target at $46.00

Shares of Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) have earned a consensus recommendation of "Hold" from the four brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $47.67.

WOR has been the topic of several analyst reports. Seaport Res Ptn raised shares of Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th. Canaccord Genuity Group increased their price target on Worthington Enterprises from $49.00 to $54.00 and gave the company a "hold" rating in a report on Thursday.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WOR. KBC Group NV raised its position in shares of 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 acquiring an additional 353 shares in the last quarter. PDS Planning Inc raised its holdings in shares of Worthington Enterprises by 3.1% during the fourth quarter. PDS Planning Inc now owns 11,792 shares of the industrial products company's stock worth $473,000 after purchasing an additional 356 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Worthington Enterprises by 121.0% during the fourth quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after purchasing an additional 455 shares during the period. Itau Unibanco Holding S.A. lifted its position in shares of Worthington Enterprises by 41.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,696 shares of the industrial products company's stock worth $68,000 after buying an additional 501 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Worthington Enterprises by 23.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,081 shares of the industrial products company's stock valued at $124,000 after buying an additional 585 shares during the period. Institutional investors own 51.59% of the company's stock.

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Worthington Enterprises Stock Up 0.3 %

Shares of WOR stock traded up $0.15 during trading hours on Friday, reaching $51.67. The company had a trading volume of 796,621 shares, compared to its average volume of 278,316. The company has a market capitalization of $2.59 billion, a P/E ratio of 62.25 and a beta of 1.21. 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 has a twelve month low of $37.88 and a twelve month high of $62.86. The stock's fifty day simple moving average is $42.02 and its 200 day simple moving average is $41.38.

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

Worthington Enterprises Announces Dividend

The company also recently disclosed 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 1.32%. Worthington Enterprises's dividend payout ratio is currently 57.63%.

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.