Worthington Enterprises, Inc. (NYSE:WOR) Receives $46.00 Consensus PT from Analysts

Shares of Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) have received an average rating of "Hold" from the four ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $46.00.

A number of equities analysts have commented on WOR shares. Canaccord Genuity Group increased their target price on Worthington Enterprises from $46.00 to $49.00 and gave the company a "hold" rating in a report on Thursday, December 19th. Seaport Res Ptn raised Worthington Enterprises to a "strong-buy" rating in a research note on Wednesday, January 29th.

Worthington Enterprises Price Performance

WOR traded up $0.70 during trading on Friday, hitting $41.73. The company's stock had a trading volume of 510,781 shares, compared to its average volume of 268,866. The company has a current ratio of 3.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 50.28 and a beta of 1.21. The business's fifty day simple moving average is $41.82 and its 200 day simple moving average is $41.31. Worthington Enterprises has a twelve month low of $37.88 and a twelve month high of $65.34.

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Worthington Enterprises (NYSE:WOR - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $304.52 million during the quarter, compared to analyst estimates 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 was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. On average, equities research analysts forecast that Worthington Enterprises will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.63%. Worthington Enterprises's dividend payout ratio is currently 81.93%.

Institutional Investors Weigh In On Worthington Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the stock. KBC Group NV increased its stake in shares of Worthington Enterprises by 45.1% in the 3rd quarter. KBC Group NV now owns 1,136 shares of the industrial products company's stock worth $47,000 after acquiring an additional 353 shares during the last quarter. Quest Partners LLC grew its holdings in shares of Worthington Enterprises by 86.5% in the third quarter. Quest Partners LLC now owns 19,246 shares of the industrial products company's stock valued at $798,000 after purchasing an additional 8,929 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Worthington Enterprises during the third quarter worth about $1,764,000. Intech Investment Management LLC purchased a new position in Worthington Enterprises during the third quarter worth about $633,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Worthington Enterprises by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 493,280 shares of the industrial products company's stock worth $20,446,000 after purchasing an additional 18,480 shares during the period. Institutional investors and hedge funds own 51.59% of the company's stock.

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.