Worthington Enterprises, Inc. (NYSE:WOR) Receives Consensus Rating of "Hold" from Analysts

Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) has earned an average rating of "Hold" from the four brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $46.00.

WOR has been the subject of a number of research analyst reports. Canaccord Genuity Group boosted their target price on shares of Worthington Enterprises from $46.00 to $49.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. Seaport Res Ptn raised Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th.

Worthington Enterprises Price Performance

Shares of NYSE:WOR traded up $10.07 during trading on Friday, reaching $51.70. The stock had a trading volume of 1,922,043 shares, compared to its average volume of 275,492. The stock has a market capitalization of $2.59 billion, a PE ratio of 62.29 and a beta of 1.21. Worthington Enterprises has a 52 week low of $37.88 and a 52 week high of $62.86. The business's 50-day moving average price is $41.82 and its 200 day moving average price is $41.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.56 and a quick ratio of 2.50.

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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 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 company 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 earned $0.80 earnings per share. The business's revenue was down 3.9% on a year-over-year basis. As a group, equities analysts predict that Worthington Enterprises will post 2.67 earnings per share for the current year.

Worthington Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. Worthington Enterprises's dividend payout ratio (DPR) is 81.93%.

Hedge Funds Weigh In On Worthington Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new position in shares of Worthington Enterprises in the 4th quarter valued at $478,000. Amundi lifted its stake in Worthington Enterprises by 170.3% in the fourth quarter. Amundi now owns 15,777 shares of the industrial products company's stock valued at $625,000 after buying an additional 9,941 shares during the period. Geode Capital Management LLC lifted its stake in Worthington Enterprises by 3.3% in the third quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company's stock valued at $33,739,000 after buying an additional 25,824 shares during the period. JPMorgan Chase & Co. boosted its holdings in Worthington Enterprises by 90.7% during the third quarter. JPMorgan Chase & Co. now owns 138,115 shares of the industrial products company's stock worth $5,725,000 after buying an additional 65,685 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Worthington Enterprises by 24.8% during the 3rd quarter. Fisher Asset Management LLC now owns 70,265 shares of the industrial products company's stock worth $2,912,000 after buying an additional 13,974 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.