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

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

A number of brokerages have recently commented on WOR. Canaccord Genuity Group upped their target price on 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 research note on Wednesday, January 29th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its stake in shares of Worthington Enterprises by 121.0% during the 4th quarter. Quadrant Capital Group LLC now owns 831 shares of the industrial products company's stock worth $33,000 after buying an additional 455 shares during the last quarter. Anchor Investment Management LLC acquired a new position in Worthington Enterprises during the 4th quarter worth approximately $40,000. KBC Group NV raised its position 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 in the last quarter. State of Wyoming bought a new stake in Worthington Enterprises in the 4th quarter valued at about $51,000. Finally, Itau Unibanco Holding S.A. lifted its position in 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 valued at $68,000 after acquiring an additional 501 shares in the last quarter. Institutional investors and hedge funds own 51.59% of the company's stock.

Worthington Enterprises Trading Down 1.6 %

Shares of WOR traded down $0.67 during mid-day trading on Monday, hitting $41.54. 470,695 shares of the company's stock traded hands, compared to its average volume of 271,287. Worthington Enterprises has a 1 year low of $37.88 and a 1 year high of $69.96. The firm has a market capitalization of $2.08 billion, a P/E ratio of 50.04 and a beta of 1.24. 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's 50-day moving average price is $41.60 and its 200-day moving average price is $41.82.

Worthington Enterprises (NYSE:WOR - Get Free Report) last announced its quarterly earnings data on Tuesday, December 17th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.08. The firm had revenue of $274.05 million during the quarter, compared to analysts' expectations of $273.77 million. Worthington Enterprises had a net margin of 3.66% and a return on equity of 14.70%. The company'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 company posted $0.78 earnings per share. As a group, sell-side analysts forecast that Worthington Enterprises will post 2.67 EPS for the current fiscal year.

Worthington Enterprises Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 annualized dividend and a yield of 1.64%. Worthington Enterprises's dividend payout ratio (DPR) is currently 81.93%.

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.