Worthington Enterprises, Inc. (NYSE:WOR) Given Average Recommendation of "Hold" by Brokerages

Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) has received an average recommendation of "Hold" from the four ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $48.00.

A number of analysts have weighed in on WOR shares. Canaccord Genuity Group upped their price target on Worthington Enterprises from $49.00 to $54.00 and gave the company a "hold" rating in a research report on Thursday, March 27th. Seaport Res Ptn raised Worthington Enterprises to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group boosted their target price on shares of Worthington Enterprises from $39.00 to $44.00 and gave the stock a "sell" rating in a research note on Thursday, April 3rd.

Hedge Funds Weigh In On Worthington Enterprises

Several institutional investors have recently modified their holdings of WOR. Proficio Capital Partners LLC acquired a new stake in Worthington Enterprises during the 4th quarter worth $478,000. Amundi increased its stake in Worthington Enterprises by 170.3% during the 4th quarter. Amundi now owns 15,777 shares of the industrial products company's stock worth $625,000 after purchasing an additional 9,941 shares in the last quarter. Geode Capital Management LLC raised its holdings in Worthington Enterprises by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 813,828 shares of the industrial products company's stock worth $33,739,000 after buying an additional 25,824 shares during the period. JPMorgan Chase & Co. raised its holdings in Worthington Enterprises by 90.7% during the 3rd 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 period. Finally, Victory Capital Management Inc. increased its position in shares of Worthington Enterprises by 113.7% during the fourth quarter. Victory Capital Management Inc. now owns 29,814 shares of the industrial products company's stock worth $1,196,000 after acquiring an additional 15,864 shares in the last quarter. 51.59% of the stock is currently owned by institutional investors and hedge funds.

Worthington Enterprises Stock Performance

WOR traded up $0.33 during trading on Tuesday, reaching $47.35. 274,721 shares of the company's stock were exchanged, compared to its average volume of 304,644. Worthington Enterprises has a fifty-two week low of $37.88 and a fifty-two week high of $60.71. The company has a market capitalization of $2.36 billion, a P/E ratio of 57.05 and a beta of 1.06. The company has a quick ratio of 2.50, a current ratio of 3.56 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $44.22 and a 200 day moving average price of $41.95.

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

Worthington Enterprises Announces Dividend

The business also recently disclosed 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 1.44%. Worthington Enterprises's dividend payout ratio (DPR) is presently 57.63%.

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.