Worthington Enterprises, Inc. (NYSE:WOR) Receives $46.00 Consensus Price Target from Brokerages

Shares of Worthington Enterprises, Inc. (NYSE:WOR - Get Free Report) have been assigned an average rating of "Hold" from the four research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $46.00.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of WOR. Creative Planning grew its holdings in Worthington Enterprises by 2.0% during the 2nd quarter. Creative Planning now owns 12,160 shares of the industrial products company's stock worth $576,000 after acquiring an additional 244 shares during the period. KBC Group NV grew its holdings 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 valued at $47,000 after buying an additional 353 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Worthington Enterprises by 10.9% in the 2nd quarter. Hsbc Holdings PLC now owns 4,531 shares of the industrial products company's stock valued at $214,000 after buying an additional 445 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Worthington Enterprises by 2.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,718 shares of the industrial products company's stock valued at $839,000 after buying an additional 462 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Worthington Enterprises by 7.5% in the 3rd quarter. Franklin Resources Inc. now owns 18,604 shares of the industrial products company's stock valued at $751,000 after buying an additional 1,293 shares during the period. Institutional investors own 51.59% of the company's stock.

Worthington Enterprises Stock Down 1.3 %

Shares of NYSE WOR traded down $0.55 during mid-day trading on Thursday, reaching $41.35. The company had a trading volume of 141,743 shares, compared to its average volume of 268,272. Worthington Enterprises has a twelve month low of $37.88 and a twelve month high of $69.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.50 and a current ratio of 3.56. The stock has a market capitalization of $2.07 billion, a PE ratio of 49.75 and a beta of 1.24. The stock's 50 day moving average is $40.86 and its 200-day moving average is $42.43.

Worthington Enterprises (NYSE:WOR - Get Free Report) last posted its quarterly earnings results on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.08. The business had revenue of $274.05 million for the quarter, compared to the consensus estimate of $273.77 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. Worthington Enterprises's revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 earnings per share. As a group, equities analysts anticipate that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The firm 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 annualized dividend and a yield of 1.64%. Worthington Enterprises's dividend payout ratio (DPR) is presently 81.93%.

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.